EU Summit could hurt the Pound
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- June 26, 2018
- No Comments
Sterling edged higher from the day’s lows on the back of a weaker dollar as worries about rising trade tensions between the United States and other leading economies kept risk appetite in check. Sterling gains were limited before a crucial EU summit this week as investors booked profits from a short rally after a Bank […]
READ MORE
Sterling continues to lose ground
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- June 19, 2018
- No Comments
Sterling fell to a fresh 2018 low on Tuesday, as concerns about an escalation in the trade dispute between the world’s two biggest economies weighed on risk sentiment. With all eyes focused on the Bank of England’s policy decision on Thursday, in which it is expected to unveil its monetary policy stance for the rest […]
READ MORE
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
- No Comments
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 […]
READ MORE
Brexit Meltdown hits the pound
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- June 8, 2018
- No Comments
Boris Johnson warned that there could be a Brexit meltdown, but it will be “all right in the end” and that U.S. President Trump would take a tougher stance were he leading the talks. Johnson’s comments were secretly recorded at a dinner on Wednesday evening and released on Thursday hours after ministers found a compromise […]
READ MORE
Euro weakens due to Italy concerns
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 29, 2018
- No Comments
As the UK and the US return from their bank holiday, liquidity and European political worries dominate the agenda today. The USD remains a safe haven as Italian bond spreads continue to widen. The market will also be listening more closely to the many ECB speakers today to gauge their reaction and thoughts to escalating […]
READ MORE
Sterling continues to be volatile ahead of Thursday
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 8, 2018
- No Comments
GBP dropped off today as many investors have continued to off-load the pound ahead of the Bank of England meeting this Thursday when the central bank is expected to keep interest rates on hold, and as worries about Brexit negotiations resurface. Tensions within Britain’s governing Conservative party over how to agree terms of exit from […]
READ MORE
UK Services Data Disappoints
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 3, 2018
- No Comments
Sterling gained slightly yesterday after positive manufacturing data however the negative numbers continued this morning after a major survey showed Britain’s services sector struggled to recover in April from a sharp slowdown in March, further squeezing expectations of an interest rate hike next week. The IHS Markit/CIPS services purchasing managers’ index rose to 52.8 in […]
READ MORE
UK Manufacturing hits a 17 month low in April
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 1, 2018
- No Comments
Banks have pushed out their predictions for when the Bank of England will raise interest rates after data last week showed a sharp and unexpected slowdown in Britain’s economic growth. Expectations the British central bank would raise borrowing costs in May had already weakened after Governor Mark Carney highlighted “mixed” economic data and noted there […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 25, 2018
- No Comments
Sterling fell against the dollar today as the U.S. currency strengthened on the back of rising Treasury yields, while traders remained cautious ahead of British GDP numbers due on Friday. The economic growth release will be the last key data released before the Bank of England’s Monetary Policy Committee meeting early next month, and markets […]
READ MORE
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
- No Comments
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. […]
READ MORE
