Positive UK Data This Morning


Positive UK Data This Morning

Britain’s economy picked up some speed in the second quarter after a sharp winter slowdown earlier in the year but lost momentum in June, official data showed this morning. Gross domestic product expanded 0.4 percent in the April-June period, as expected in poll of economists. Britain’s economy slowed after the 2016 Brexit vote and is […]

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Sterling Weakness Continues

The likelihood Britain crashes out of the European Union without a trade deal has increased, an outcome that would hurt an already weak pound, according to economists and foreign exchange strategists. Bank of England Governor Mark Carney said on Friday Britain faces an “uncomfortably high” risk of leaving the EU with no deal, while on […]

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Pound Hits a 9 month low

Sterling slid to a nine-month low against the euro on Wednesday as investors sold the currency fearing Britain could soon leave the European Union without securing a trade deal. Sterling has slumped recently due to traders hedging against what they see as the growing chances of the currency plummeting if Britain crashes out of Europe […]

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No Deal Brexit looks likely

The pound  sank to its lowest in nearly three weeks following a stronger dollar and comments by officials suggesting Britain could crash out of the European Union next year without securing a trade deal. The UK trade minister Liam Fox, a prominent Brexit supporter, said over the weekend the odds of Britain leaving the EU […]

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Will The UK Raise Rates Today?

With the FOMC meeting out of the way, and no surprises from Powell and co., our attention shifts to the Bank of England (BoE). Today’s Quarterly Inflation Report is particularly interesting, given a range of potentially market-moving dynamics are in play. Since the BoE’s decision to stand pat in May, Analysts have been resolute in […]

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Will UK Raise Rates This Week?

The Bank of England should raise interest rates this week but also tell the public it will be ready to make a U-turn if Brexit talks sour or trade tensions with the United States escalate. The National Institute of Economic and Social Research (NIESR) stuck to its forecast for British economic growth of 1.4 percent […]

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EU Reject Key Elements Of Britain’s New Trade Proposal

Sterling edged lower this morning and is poised to register its third consecutive weekly loss as concerns about the progress of Brexit negotiations trumped any optimism ahead of a likely interest rate hike next week. European Union Brexit negotiator Michel Barnier rejected key elements of Britain’s new trade proposals yesterday even as he and his […]

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Pound Gains After Theresa May Comments

The pound rose yesterday to its highest in a week as traders bet that Prime Minister Theresa May’s decision to take control of Brexit negotiations would make it easier to agree a divorce deal with Brussels. With less than nine months before Britain is due to leave the European Union and May’s own Conservative Party […]

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Sterling Fights Back After Hitting 10 Month Lows

The pound hit a five-day high versus the dollar as the greenback lost momentum, but the outlook for the British currency was clouded by fresh angst over Brexit and doubts about the economy. Weak economic data and renewed political uncertainty over the government’s Brexit position hammered sterling last week and sent it to 10-month lows. […]

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Volatility Ahead

Sterling looks set for more volatility this week however amid growing talk of a likely “hard” Brexit — crashing out of the European Union without a trade deal in place. A weekend poll revealed Britons were overwhelmingly opposed to Prime Minister Theresa May’s Brexit plan and would instead support a new right-wing political party committed […]

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