PM’s Speech Boosts Sterling
- Posted by Shyam Gokani in Brexit, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK
- January 18, 2017
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After taking the top spot in the G10 currency space on Tuesday, the pound is the worst performer so far today. After the rapturous reception to Theresa May’s speech, today sterling traders may be taking a finer look at the detail, and concerns may start to arise about Theresa May’s tough line on Europe, saying […]
READ MOREMay Speaks Thus Afternoon About Brexit Plans
- Posted by Shyam Gokani in Uncategorised
- January 17, 2017
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The pound recovered from 3-month lows this morning, rising 0.7 percent against a broadly weaker dollar and 0.3 percent against the euro before a speech by Prime Minister Theresa May widely expected to lay out a “hard Brexit” scenario. Options pricing suggested markets were still preparing for large swings in the pound over the next […]
READ MORESterling Continues To Devalue – Big Few Days Coming Up
- Posted by Shyam Gokani in Uncategorised
- January 16, 2017
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Britain’s pound fell sharply this morning as concern mounted that the country was heading for a “hard” Brexit from the European Union and its single market, a day before a speech by Prime Minister Theresa May on the government’s plans. Some British newspapers have billed May’s speech on Tuesday as laying out potential major changes […]
READ MORESterling Expected To Drop Further Next Week
- Posted by Shyam Gokani in Brexit, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK
- January 13, 2017
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Sterling slipped yesterday after a spokeswoman said British Prime Minister Theresa May will give a speech next week on her plans for leaving the European Union, which sparked fears that she would suggest Britain will undergo a “hard Brexit”. Investors interpreted this to mean Britain would lose access to the lucrative European single market in […]
READ MORESterling Gains Against Dollar After Trump Speech
- Posted by Shyam Gokani in Uncategorised
- January 12, 2017
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Sterling rose this morning from its lowest levels for almost 32 years — excluding a “flash crash” in October — with the dollar weakened by a lack of detail on President-elect Donald Trump’s spending plans in his first news conference since his election. The greenback had rallied since Trump’s victory in the Nov. 8 election, […]
READ MORESterling continues to devalue
- Posted by Shyam Gokani in Uncategorised
- January 11, 2017
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Sterling edged towards a 10-week low against the dollar this morning, kept under pressure by fears that Britain will undergo a “hard” exit from the EU in which access to the single market will play second fiddle to immigration controls. The pound posted its worst day in three months against the dollar on Monday after […]
READ MORESterling gains due to better than expected PMI data
- Posted by Shyam Gokani in Uncategorised
- January 4, 2017
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Sterling inched higher against a broadly weaker dollar today after hitting a two-month low on a volatile first day of 2017 trading in London when Britain’s chief EU negotiator quit. Data on the economy continues stronger than many economists had expected after last June’s vote to leave the European Union, with a survey on Tuesday […]
READ MOREBig Year Ahead For Sterling
- Posted by currencies in Uncategorised
- January 3, 2017
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Happy New Year! UK manufacturers saw confidence levels reach a 30-month high as output and new orders strengthened. The manufacturing purchasing managers’ index (PMI) rose to 56.1 in December, up from 53.6 in November, as the sector ended the year on a high. The pound rose sharply against the euro this morning as the data […]
READ MOREPound drops further against Euro & Dollar
- Posted by Shyam Gokani in Uncategorised
- December 22, 2016
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Sterling fell to a two-week low against the euro today after a survey of British consumers showing a gloomy view of the economy’s prospects next year kept it on the defensive against the single currency. It was sterling’s fourth consecutive daily fall against the euro, its longest losing streak since August, as it got caught […]
READ MOREMay to make statement in parliament this afternoon – Brexit
- Posted by Shyam Gokani in Uncategorised
- December 19, 2016
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Britain’s pound steadied from two straight weeks of losses against the U.S. dollar this morning after further hints the government is looking at ways to smooth its exit process with the European Union. Trade minister Liam Fox said on Sunday Britain may need a transitional agreement to bridge the gap for businesses during negotiations with […]
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