Sterling begins to slide as economic data comes out weaker than expected.
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- March 6, 2017
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Following the confirmation of Article 50 (March 15th) and the back and forth between the House of Commons & House of Lords last week, the only thing left to weaken off the Pound was economic data, and this was done on Friday morning after the release of UK PMI (Purchasing Manager Index) data. Since the […]
READ MORETheresa May Will Trigger Article 50 On 15th March
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- March 3, 2017
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Yes, you read that correctly, it is finally going to happen! For those of you who haven’t seen the latest from the House of Lords, Theresa May was defeated after the House stated that Ministers should guarantee EU national’s the right to stay in the UK after Brexit. The House of Lords has now passed […]
READ MOREHouse Of Lords Vote To Reject Brexit Bill
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Inflation, Mark Carney, Sterling, UK, Uncategorised
- March 2, 2017
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The House of Lords voted 358 to 256 against the EU (Notification Of Withdrawal) Bill that is required for Theresa May to trigger Article 50 and begin the exit process. A majority of 102 members backed a Labour amendment to guarantee the rights of EU nationals who currently reside in the UK to remain after […]
READ MOREWeak UK Economic Numbers Today
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Prime Minister, Sterling, UK, Uncategorised
- March 1, 2017
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Another slightly weaker than expected batch of economic numbers, this time on manufacturing sentiment, prodded the pound a touch lower against a broadly stronger dollar this morning, crimping its gains against the euro to a quarter of a percent. Sterling has been struggling in the face of figures in the past fortnight suggesting the UK […]
READ MOREPound Suffers Due To Second Scottish Referendum News
- Posted by Shyam Gokani in Bank of England, Brexit, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 28, 2017
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Sterling traded close to a two-week low against the dollar today as investors awaited a speech by U.S. President Donald Trump, with the pound kept under pressure by worries about the future of Britain as it leaves the European Union. The pound fell to lows on Monday, its weakest in a fortnight, on reports that […]
READ MORESterling Devalues Due To Fresh Uncertainty
- Posted by Shyam Gokani in Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 27, 2017
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Sterling fell against major currencies this morning, as the prospect of another Scottish independence vote and signs a major merger was unlikely to go through renewed fears about Britain’s future as it prepares to leave the European Union. A report in the Times newspaper said British prime minister Theresa May is preparing for Scotland to […]
READ MORESterling Has Best Week Since January
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- February 24, 2017
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Sterling slipped from a 2-week high to the dollar this morning but was still on track for its strongest week since January as concerns about politics in the United States and Europe took investors’ focus off immediate Brexit worries. Besides the Brexit bill making its way through Britain’s upper house of parliament, a week largely […]
READ MOREUS – Fed To Raise Rates Fairly Soon
- Posted by Shyam Gokani in Brexit, Currency, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- February 23, 2017
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Federal Reserve officials have said they may need to raise interest rates “fairly soon” if the economy stays strong, minutes of their meeting show. The first meeting of the Fed since Donald Trump took office as president discussed the possibility of a rate rise as early as March. Most economists have been forecasting a rise […]
READ MOREEuro Weakens as Le Pen Wins Latest Poll
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 22, 2017
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Sterling rose almost 1 percent against the euro today, to its highest in two months, after another opinion poll showing far-right French presidential candidate Marine Le Pen gaining ground hit the single currency. The poll suggests anti-EU nationalist Le Pen may have more chance of springing a surprise if she makes it through to the […]
READ MORESterling Continues To Push
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- February 21, 2017
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Sterling fell against the dollar but made ground versus the euro this morning, before Bank of England Governor Mark Carney and several his chief lieutenants testify in Britain’s parliament. The pound has been relatively steady compared with last year’s slump, but recent data suggest that consumer confidence may be starting to falter as inflation rises […]
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