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Sterling volatility continues

Sterling fell towards its lowest in three weeks against the dollar this morning, nursing losses for a second straight week after Bank of England Governor Mark Carney warned of a recession if Britain votes on June 23 to exit the European Union. Carney on Thursday called Britain’s referendum on European Union membership the “elephant in […]

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All eyes on “Super Thursday”

The focus in Europe will be today “Super Thursday” as investors prepare for the Bank of England’s monetary policy decision, its minutes, the quarterly Inflation Report and a press conference from Governor Mark Carney. Brexit is dominating the U.K. agenda and the Bank of England is set to update its take on how the vote […]

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British factory output recorded its biggest annual fall

  • Posted by Shyam Gokani in Uncategorised
  • May 11, 2016
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Sterling slipped against the euro and dollar this morning, with investors worried that the latest polls still show Britons who want to leave the European Union at a referendum in June neck-and-neck with those who want to stay. The pound had fallen some 7 percent between mid-November and mid-April, when it made a substantial recovery […]

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Will the Bank of England cut interest rates?

  • Posted by Shyam Gokani in Uncategorised
  • May 10, 2016
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Sterling steadied this morning after hitting a two-week low against the dollar on opinion polls showing the outcome of June’s referendum on European Union membership was on a knife edge. Short-term market interest rates now price in a substantial chance of a Bank of England cut by the end of the year, a reflection of […]

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Sterling drops further against the US Dollar

  • Posted by Shyam Gokani in Uncategorised
  • May 9, 2016
  • No Comments

Sterling fell to a two-week low against the dollar on Monday, hurt in part by an opinion poll that showed the race between those who want to stay in the European Union and those who want to leave is still on a knife edged. A YouGov opinion poll for ITV television showed the “In” campaign […]

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Poor week for Sterling

  • Posted by Shyam Gokani in Uncategorised
  • May 6, 2016
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The dollar slipped against a basket of currencies on Friday but stayed on track for weekly gains as investors readied for April’s U.S. non-farm payrolls report. A survey showed economists expect U.S. payrolls to have risen by 202,000 in April after increasing by 215,000 in March. A weaker-than-expected report this week has tempered market expectations […]

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Sterling steady after two days of losses

  • Posted by Shyam Gokani in Uncategorised
  • May 5, 2016
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Sterling steadied this morning, having suffered two days of losses, with investors awaiting a key services sector report for more clues on the economy which appears to be stumbling just months before a vote on Britain’s future in the European Union. The pound has lost ground this week, retreating from a four-month high struck on […]

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Latest brexit polls show neck & neck

  • Posted by Shyam Gokani in Uncategorised
  • May 4, 2016
  • No Comments

Sterling slipped again this morning, having recorded its biggest one-day fall against the dollar for six weeks in the previous session after a poll showed the campaign for Britain to leave the European Union neck-and-neck with the campaign to stay in. The poll helped drive down the pound by about 1 percent versus the greenback, […]

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UK Manufacturing PMI falls – 3rd May 2016

  • Posted by Shyam Gokani in Uncategorised
  • May 3, 2016
  • No Comments

Sterling retreated from four-month highs against the dollar early this morning after data showing that U.K. manufacturing activity contracted for the first time in over three years in April, adding to gloom over the outlook for second quarter growth. GBP/USD was last at 1.4712, still up 0.26% for the day after rising as high as […]

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