Sterling drops to 7 month lows against Euro
- Posted by currencies in Bank of England, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- June 28, 2017
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Sterling hit a seven-month low to the euro this morning, losing ground to renewed strength in the single currency after European Central Bank President Mario Draghi hinted the days of the bank’s stimulus programme are numbered. Compared to a recovery against the dollar after its 2 percent drop following the British elections, the pound has […]
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What will affect Sterling this week?
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- June 26, 2017
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Last week was pretty underwhelming as the Prime Minister is still yet to form her Government, and it seems Brexit negotiations have started pretty smoothly (Not sure how long it will last though!). Only a week ago, the Conservative Party said that if Theresa May went for a “Soft Brexit” then they will “Oust” her […]
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Will We See A UK Rate Hike Soon?
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- June 23, 2017
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Sterling gained by almost half a percent against the dollar today, helped by a shift in expectations for interest rates that has some in the market backing the Bank of England to raise borrowing costs within months. Analysts on Thursday flipped to calling for a rise in rates within six months, after the defection over […]
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Sterling weakness continues
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- June 21, 2017
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Sterling dipped below $1.26 for the first time in more than two months today, deepening this week’s losses on signs that Prime Minister Theresa May is still struggling to find the support she needs for her government in parliament. Hit by a retreat in the chances of a rise in interest rates after comments by […]
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Carney – Not the time for a rate rise
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- June 20, 2017
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Sterling fell by almost a full cent against the dollar today after Bank of England governor Mark Carney said now was not the time to raise interest rates, dashing some investors’ hopes that the central bank had shifted in that direction. Now is not the time to raise interest rates, he said today, warning of […]
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BOE Meeting delivers shock
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- June 16, 2017
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The possibility of the Bank of England raising interest rates to prop up the pound helped steady the currency on Friday at more than 1.5 percent above its low point for the week. Sterling surged to its highest in a week against the euro yesterday after it emerged that three members of the Bank of […]
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5 polls expected today
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 7, 2017
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Britain entered the final day of campaigning ahead of a parliamentary election that will define its approach to leaving the European Union but has been overshadowed by two militant attacks in as many weeks. Prime Minister Theresa May unexpectedly called the June 8 election seven weeks ago, seeking to boost her parliamentary majority ahead of […]
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All Eyes On Thursday
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 6, 2017
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In Britain, the latest opinion poll, by Survation for ITV television, showed Prime Minister Theresa May’s lead over the opposition Labour Party holding at just 1 percentage point ahead of the election. The dollar hit a six-week low against the safe-haven yen on Tuesday as caution mounted ahead of Britain’s election, a European Central Bank […]
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Sterling – Volatile week ahead
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 5, 2017
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Sterling recovered ground today after falling half a cent against the dollar in early Asian deals as traders reacted to another militant attack over the weekend in London ahead of Britain’s national election this week. Saturday’s attack – the third in England in three months. Sterling has wobbled over the past two weeks, with investors’ […]
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UK Construction & Manufacturing Boost UK Economy
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 2, 2017
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British construction activity grew at its fastest rate since the end of 2015 last month, as a pick-up in housebuilding helped builders shake off a lack lustre start to the year, a survey showed this morning. The Markit/CIPS construction purchasing managers’ index (PMI) jumped to 56.0 from 53.1, its highest since December 2015 and above […]
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