UK Economy Picks Up
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 26, 2017
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Britain’s economy gathered only a little speed in the second quarter after almost stalling at the start of the year, propped up by the services sector and a booming film industry, official figures showed on this morning. Growth of 0.3 percent on the quarter was up from 0.2 percent in the first quarter, a figure […]
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Sterling hovers around $1.30
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 25, 2017
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Sterling steadied just above $1.30 today, unable to break out against a broadly weaker dollar as worries over Brexit and the pace of UK economic growth swirl. The pound recovered from its worst week against the euro in nine months on Monday as investors took profit on gains for the single currency and ministers talked […]
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Sterling slightly recovers after 9 month low against the Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 24, 2017
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Sterling edged up against the euro today, recovering from its worst week against the single currency in nine months and its lowest levels this year, as the euro dipped on weak German manufacturing data. The pound lost more than 2.5 percent against the euro last week, hitting an eight-month low on Friday, as the single […]
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Sterling/Euro – 8 month low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 21, 2017
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Sterling skidded to an eight-month low against the euro, trading close to 90 pence after the head of the European Central Bank said possible changes to policy would be discussed in the autumn. Though Mario Draghi said no date had been set for discussing any changes to the programme and that ECB rate-setters had been […]
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UK Retail Sales Better Than Expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 20, 2017
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Sunny weather helped British retail sales rise more strongly than expected in June and shake off a gloomier start to the year, offering some signs that the economy as a whole might be regaining speed. Britain’s economy went through a soft patch at the start of the year, and data since then have been mixed, […]
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Sterling stays lower this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 19, 2017
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Sterling slipped back towards $1.30 today, adding to falls the previous day after weak inflation data poured cold water on expectations that the Bank of England will hike rates this year. The pound had risen above $1.31 to ten-month highs earlier in the week as the dollar fell across the board, and as investors bet […]
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UK Inflation Unexpectedly Slows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- July 18, 2017
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British inflation unexpectedly slowed for the first time since October last month, adding to the likelihood that the Bank of England will keep interest rates at a record low in August. Consumer prices rose by 2.6 percent compared with a year earlier, the Office for National Statistics said on Tuesday, down from a nearly four-year […]
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Sterling slips as Brexit negotiations continue
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 17, 2017
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Sterling slipped back below $1.31 this morning after soaring to its highest levels in 10 months at the end of last week on a broad dollar sell-off. The pound jumped almost 2 cents on Friday to hit $1.3113, its strongest since last September, after U.S. inflation and retail sales data came in weaker than expected, […]
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Sterling Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 14, 2017
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Sterling rose against the dollar today, investors still weighing the likelihood of an interest rate rise from the Bank of England after labour market data this week offset some worries over Britain’s exit from the European Union. The pound has recovered from its losses after Britain’s election in June as a number of BoE policymakers […]
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Jobless rate at a 42 year low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 12, 2017
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British workers saw their pay and bonus growth fall further behind inflation in the three months to end-May, data showed today, but the jobless rate hit a 42-year low. The duel reports will complicate the debate among Bank of England officials over the need for higher interest rates. Sterling bounced against the dollar after official […]
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