May’s reshuffle was a shambles
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 9, 2018
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British Prime Minister Theresa May’s leadership team shake-up, designed to restore her authority and address divisions over Brexit, was branded a shambles after one minister quit and media reported another had refused to move jobs. May had hoped to reset her agenda and strengthen her hand as Britain moves to the second phase of talks […]
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Morning Report
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 8, 2018
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British house prices unexpectedly fell in December compared with November, their first decline in six months, mortgage lender Halifax said on Monday, adding to signs of weakness in the country’s housing market since the 2016 Brexit vote. British Prime Minister Theresa May said that she would announce changes to her ministerial team soon, with media […]
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Sterling slips off this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 4, 2018
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The British Pound became one of the worst performing majors this morning in the early trading session as more sour news related to the UK crossed the wires. Earlier on Wednesday, the IMF downgraded its prediction for economic growth in this country to 1.6% this year from 1.7%. GfK consumer confidence clocked in at -13 […]
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British businesses reported a pickup in growth
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 28, 2017
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British businesses reported a pickup in growth in the three months to December, but they expect a slowdown in early 2018 as high inflation takes its toll on households, the Confederation of British Industry said this morning. British inflation hit its highest level in nearly six years in November when it rose to 3.1 percent, […]
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Sterling flat today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 22, 2017
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Sterling is trading flat today the after British economic growth for the third quarter was left unchanged and the year-on-year number was slightly higher, with traders avoiding big positions before the holiday period. Britain’s Office for National Statistics (ONS) said economic growth for the July to September was 0.4 percent, unchanged from the previous reading […]
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Quiet day for Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 19, 2017
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Sterling dropped off this morning after making gains yesterday. With investors cautious about risks surrounding Brexit negotiations for the year ahead despite progress in the talks last week. A survey on Monday showed British factories matched a three-decade high for orders this month prodded the pound higher against the dollar and euro. However, Sterling was […]
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UK Inflation hits a 6 year high!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 12, 2017
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This week will be all about the central banks. Three major institutions will have their interest rate decisions: FED, ECB, and BoE. From that three, only in the US, we should see some changes. However, the BoE will be under pressure to raise rates again early next year as this morning’s data shows UK inflation […]
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Pound drops on Brexit uncertainty
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 6, 2017
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Sterling dropped to 8-day lows yesterday as investors and analysts are very sceptical in regard to Prime Minister Theresa May being able to agree a deal with the EU in the coming week. If there is a failure to agree on terms we could see us in this same position come February, this would add […]
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Pound – Biggest fall since start of November
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 5, 2017
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Good Morning All, This morning we have seen the pounds biggest fall since the start of November due to very disappointing news around Brexit talks. Sterling fell over 0.7% against the Dollar and the Euro. Prime Minister Theresa May failed to clinch a deal on Monday to open talks on post-Brexit free trade with the […]
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Super Thursday – Rate Rise
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 2, 2017
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Sterling steadied this morning, consolidating some chunky gains this week, especially against the euro, before a historic Bank of England policy decision where it is widely expected to raise interest rates for the first time in nearly a decade. With a rate hike virtually priced into the market, analysts would be keenly watching whether BoE […]
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