Dollar weakens – UK GDP as expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 23, 2017
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The dollar is currently at a one-month low against other major currencies today, as the minutes of the Federal Reserve’s most recent policy meeting continued to weigh on the greenback. Trade volumes were expected to remain thin ahead of the today’s U.S. Thanksgiving holiday. The greenback weakened after the minutes of the Fed’s latest meeting […]
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Pound hits a 2 and a half week high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 20, 2017
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The pound was up this morning hitting a 2 and a half week high against most currencies, due to the Brexit news over the weekend being interpreted as positive, Germany election shambles and the US investigations. Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit […]
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Dollar gains across the board
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 7, 2017
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Sterling recouped some losses on Monday after slipping against for three consecutive weeks, but any strong gains were checked by continued uncertainty around Brexit talks and instability in the governing Conservative party. Investors are monitoring the negotiations around Britain’s future relationship with the European Union for the impact not only on business confidence and economic […]
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Pound recovers after big losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 6, 2017
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Sterling rebounded modestly after its biggest one-day fall since the week after June 2016’s Brexit vote, with robust services data barely cushioning the blow from the Bank of England’s pushing-back of rate hike expectations on Thursday. Despite the Bank raising rates for the first time in over a decade, it also told markets to expect […]
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GBP/EUR at 3 month high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 1, 2017
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Sterling hit a 3-1/2-month high against the euro on today as investors focused on a Nov. 2 Bank of England policy decision they expect will produce the first interest rate hike in over a decade. Manufacturing purchasing managers survey (PMI) was released at 0930 GMT which came in at 56.3 beating expectations of 55.8 Figures […]
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Bank of England Raise Rates?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 31, 2017
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Sterling consolidated gains today as the market geared up for a rate rise from the Bank of England this week when investors will analyse the bank’s statement for the future direction of interest rates. With continued Brexit uncertainty and a mixed bag of results for the British economy, the expected rate hike is likely to […]
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Sterling down slightly against Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 27, 2017
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The British pound slipped against the dollar today, as investors looked cautiously ahead towards a Bank of England policy meeting next week which could see interest rates rise for the first time in over a decade. The market is priced for a hike after BoE rate-setters next meet on Nov. 2, but continued uncertainty over […]
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Brexit continues to drag Sterling down
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 26, 2017
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Sterling climbed to a 9-day high today as strong growth data boosted expectations the Bank of England would raise interest rates next week. Wednesday’s gross domestic product growth for the quarter beat expectations, bolstering the chances of a rate hike after the next BoE meeting on Nov. 2 and fuelling discussions over whether that would […]
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Retail Sales Drop!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 19, 2017
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British retail sales suffered an unexpectedly sharp slowdown in September, dragging quarterly growth to its weakest annual rate since 2013, suggesting consumer demand remains uncertain as the Bank of England nears its first-rate rise in a decade. Retail sales volumes fell 0.8 percent in September, the Office for National Statistics said this morning, reversing a […]
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Euro drops on stimulus speculation
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 16, 2017
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The euro slipped this morning after posting its biggest weekly rise in a month as traders took profits, though markets were wary of chasing the currency lower before a European Central Bank policy meeting next week. With some political uncertainty in the form of an approaching deadline over Catalonia’s bid for independence and Austria’s election […]
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