Pound hits a 7 month low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- June 18, 2018
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Sterling held near seven-month lows against the US Dollar as strong U.S. data and a hawkish Federal Reserve prompted investors to buy the greenback, while the Bank of England is expected to strike a cautious note at a review next week after some weak data. Focus shifts to the Bank of England’s meeting on Thursday […]
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Sterling hits a 5 day high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- June 15, 2018
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Sterling rose to a five-day high after British retail sales jumped for the second month in a row in May and far outstripped expectations. Sterling is likely to gain this year and by the time Britain leaves the European Union next March will have recouped a chunk of its losses since the June 2016 decision […]
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Sterling hits a 6 month low against the Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 30, 2018
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The pound fell to a six-month low against a rallying dollar on Tuesday, while it held its own against a euro dragged down by concerns about a deepening political crisis in Italy. Sterling has slumped against the dollar since mid-April as expectations of a Bank of England interest rate rise recede and the economy shows […]
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UK Inflation data hurts the pound
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 24, 2018
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Sterling slid yesterday to a new five-month low after weaker-than-expected UK inflation dented the prospect of the Bank of England raising interest rates this year. The pound had been one of the best-performing currencies in 2018 but it has given up all its gains for the year following a broad rally in the dollar and […]
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Employment Data Positive
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 15, 2018
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British employers hired many more workers than expected in early 2018 but wage growth has yet to accelerate sharply, according to figures that leave the Bank of England still waiting for signs the economy is ready for a rise in interest rates. Employment rose by 197K during the first three months of this year, the […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 11, 2018
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Today seems likely to be a quiet end to the week with no significant new economic data in either the Eurozone or the UK. Today’s second reading for April Spanish CPI inflation is expected to be unchanged from the initial reading. That would be consistent with no revision to the aggregate Eurozone measure due next […]
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Rate hike expected now in August
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 9, 2018
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The Bank of England will wait until August before raising interest rates, according to polls taken over the last few days. We expected a rate rise this Thursday, but a massive turnaround after comments from BoE Governor Mark Carney, together with weak data suggesting Britain’s economy is barely growing. At the start of April, they […]
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ECB Meeting Today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 26, 2018
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The main economic event today is the ECB policy announcement at 12:45BST, followed by the press conference with President Mario Draghi at 13:30BST. No changes to interest rates or the asset purchase programme (€30bn/month) are expected. At the last meeting in March, the ECB removed its easing bias on asset purchases but kept the end […]
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Sterling hits fresh lows against the dollar
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 24, 2018
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Sterling dropped to its lowest since level since the middle of March, its sixth consecutive daily fall as investors are worried about the performance of the British economy. April has historically proved to be supportive for the pound because of a seasonal rise in capital inflows into Britain from foreign companies paying UK shareholders dividends. […]
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UK Inflation drops unexpectedly
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 18, 2018
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UK inflation dropped to a one year low, according to figures which now raise doubts about a rate rise in May and further rises going forward. There is still a 96% chance of a UK rate rise in May and we believe this is already priced into the markets. Official data showed annual consumer price […]
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