Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- January 17, 2020
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The British pound fell sharply earlier this week after a BoE policy maker said they ‘would vote for a rate cut unless economic data improved significantly’. With the weaker inflation data on Wednesday the market is pricing in a 57% chance of a 25-basis point cut to rates in January. On Thursday sterling edged higher, […]
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UK Inflation Dropped To Lowest Since Nov 16
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- January 16, 2020
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Inflation for the UK has fallen to the lowest level since November 2016; from 1.5% to 1.3%. The Bank of England has a 2% target for inflation which is far from current figures. As a result of this, the chances of an interest rate cut have increased dramatically. Three Bank of England policy makers have […]
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Pound Under Pressure
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- January 15, 2020
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GBP has experienced continued pressure over the past 48 hours due to weak economic data ramping up the calls for the Bank of England to cut interest rates in their next policy meeting. According to reports, more than half of the members of the Bank’s Monetary Policy Committee are ready to back a rate cut. […]
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Sterling On A Decline
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, EUR, GBP, Mark Carney, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 14, 2020
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On Monday the pound fell by 0.5% to two and a half week lows against the dollar as poor economic figures increased the chances of the Bank of England cutting their interest rates. With the UK’s industrial production coming in lower than forecasted and the monthly GDP for November showing that the British economy has […]
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The Week Ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- January 13, 2020
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Last week the pound was in a fairly sideways trend as the main driving force for the markets continued to come from updates of the US and Iran conflict. Over in the States we saw President Trump’s first rally of the election year held in Toledo, Ohio. Reporters on the ground stated that Republicans were […]
READ MOREPound Dropped Off After Carney Comments
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, EUR, GBP, Mark Carney, No Deal, Sterling, UK, Uncategorised
- January 10, 2020
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Yesterday the British Pound fell to a two-week lows as the head of the BoE Mark Carney stated that an interest-rate cut could still be on the horizon. Carney said in his speech on Thursday morning that the central bank was debating the uses of near-term stimulus, adding that a Brexit uncertainty was still present […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 8, 2020
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GBP recovered above 1.32 against USD and 1.18 against EUR due to expectations of The Withdrawal Agreement Bill being passed through the House of Commons within the next few days now that Parliament are back after the Christmas break. Topics debated in the House of Commons yesterday were based on the 11 month transition period […]
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Positive Start For Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- January 7, 2020
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This Morning the pound has started on the right foot and has strengthened against most major currencies. That’s in part because the pound got a boost following the latest UK services PMI, which came in at 50.0 against the 49.1 expected and the 49.0 seen the previous month. A much-needed bit of positivity for the […]
READ MOREManufacturing PMI fall to lowest since 2012
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, GBP, Sterling, UK, Uncategorised
- January 3, 2020
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British factory output fell in December at the fastest rate since 2012 as a tepid global economy hurt demand and businesses further reduced stocks of goods they had built up in case of a no-deal Brexit, a survey showed. The output gauge in the IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 45.6 […]
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New Year, Same Brexit!
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- January 2, 2020
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Boris Johnson said he would bring his divided nation back together when Britain leaves the European Union, telling Britons they were set for a “fantastic year and a remarkable decade”. Fresh from winning a large parliamentary majority in an election, Johnson said in a New Year’s message that his first job was to ensure Brexit […]
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