Manufacturing 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 […]
READ MORENew 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 […]
READ MOREBritish Pound slightly recovers before BoE announces new governor
- Posted by currencies in Bank of England, Mark Carney, Sterling, UK, Uncategorised
- December 20, 2019
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The pound was up in early London trading today, holding just above $1.30, as investors waited for the Bank of England to announce its new governor. A person familiar with the process said that the job has gone to a former Bank of England deputy governor, Andrew Bailey. The pound rose 0.2% versus the dollar […]
READ MORESterling drops 3.3% since Election Night
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Sterling, UK, Uncategorised
- December 19, 2019
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The pound was on track for its biggest two-day fall in nearly two years yesterday as concerns rose that Britain could still crash out of the European Union without a trade deal in place at the end of a transition period in Dec. 2020. Prime Minister Boris Johnson’s government on Tuesday ruled out an extension […]
READ MORELatest Poll Shows Tory Lead Narrowing
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- November 27, 2019
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Sterling fell as much as 0.3% in early London trading after a YouGov poll showed the Conservative party’s lead over Labour narrowing to 11 points. The poll was the third in a row to show the Conservative lead dwindling before Britain’s election on Dec. 12. The pound may also have been weakened by reports of […]
READ MORERates Steady After TV Debate
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 20, 2019
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Sterling was slightly weaker against the dollar and largely flat versus the euro this morning, showing little immediate reaction to a debate between the leaders of Britain’s two main political parties ahead of next month’s election. Prime Minister Boris Johnson doubled down on his Brexit promises, saying only he could take Britain out of the […]
READ MORESterling Stays Steady
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Retail Sales, Sterling, UK, Uncategorised
- November 14, 2019
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Sterling kept within its recent trading range this morning, but this week could prove its second best so far this month as expectations that the Conservative Party may win a majority in the Dec. 12 national election fuel investors’ optimism. British Prime Minister Boris Johnson’s Conservatives have a 10-point lead over the main opposition Labour […]
READ MOREAccording To Polls – Tories Lead By 14 Pts
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- November 13, 2019
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The pound was slightly weaker against the U.S. dollar on this morning and stable against the euro, as weak economic data, which should hurt sterling, is more than offset by supportive political developments in Britain. Average weekly earnings rose at a weaker pace in the three months to September in the UK, but the pound […]
READ MOREPound Boosted By Election News
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 12, 2019
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Sterling was a big mover yesterday, jumping to a six-month high against the euro after the UK’s Brexit Party leader Nigel Farage said the party would not field candidates in next month’s election against PM Boris Johnson’s Conservative Part in seats where the latter already had a majority. That gave Johnson a better chance of […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, UK, Uncategorised
- November 11, 2019
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The pound rose 0.2% against a weakened dollar this morning after a flurry of UK data, including GDP figures. UK September Gross Domestic Product (GDP), manufacturing production, industrial output and goods trade balance data were all released this morning at 9:30am. All three came in weaker than the expectations, we saw I slight dip and […]
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