Pound continues to out perform
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 16, 2018
- No Comments
The pound rose today despite Britain’s military intervention in Syria, as investors focused on data that could help shore up expectations of a May interest rate hike. Britain struck Syria with cruise missiles on Saturday in partnership with Western allies, targeting chemical weapons facilities. Sterling rose, continuing a two-week rally against the dollar that on […]
READ MORE
Sterling hits a 9 month high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 13, 2018
- No Comments
Sterling has continued to gain against the euro, however, this could be affected next week when we have the UK wage data and employment figures released. We believe that wage growth including bonuses may slow slightly whereas the unemployment is expected to be up – both could have a negative impact on the pound. On […]
READ MORE
Market Update – Dollar Struggles
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 12, 2018
- No Comments
Bank of England credit conditions survey may receive some attention today. Markets will be looking for signs of an impact from last November’s interest rate hike on the demand for or availability of credit. Tonight, BoE Governor Carney is talking in Canada, but unlikely we will get anything new regarding monetary policy from this. In […]
READ MORE
UK data disappointing this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 11, 2018
- No Comments
British manufacturing output fell unexpectedly in February, its first drop in almost a year, according to official figures that added to signs the economy may have slowed in the first quarter. The data, released this morning along with figures for overseas trade, also showed another sharp drop in construction output, defying expectations for a small […]
READ MORE
McCafferty speech boosts Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 10, 2018
- No Comments
Sterling hit a two-week high today after a top policymaker said the Bank of England should not delay in raising interest rates after a recent strong pick-up in the world economy. Ian McCafferty, one of the two members of the nine-strong Monetary Policy Committee who voted for a rate rise last month, said in an […]
READ MORE
Sterling starts the week on the up
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 9, 2018
- No Comments
Sterling rose against the euro and dollar this morning and is on track for a third consecutive day of gains as investors are encouraged by data showing British house prices rising more than expected in March. Since Britain signed a transition agreement last month to cover the 21-month period after it leaves the European Union, […]
READ MORE
Sterling confidence grows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 6, 2018
- No Comments
The pound came under modest selling pressure yesterday, as the UK service PMI disappointed and the composite PMI fell to the lowest since the EU referendum. Overall, this week’s PMI figures indicate downside risks to activity in coming months and while we see signs that the activity is slowing, it is worth noting that weaker […]
READ MORE
UK Services slowed due to bad weather
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 5, 2018
- No Comments
The weather over the last month had a big impact on British services businesses, which grew at the slowest rate since just after the vote to leave the European Union in June 2016, a survey showed earlier today. The IHS Markit/CIPS services Purchasing Managers’ Index (PMI) tumbled to 51.7 in March from February’s reading of […]
READ MORE
UK Construction lower than expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 4, 2018
- No Comments
Sterling was on track for its fourth consecutive day of gains against the dollar on Wednesday as traders paused ahead of a survey of Britain’s construction sector. However, the construction data came in worse than expected at 47.0 compared to an expected 51. The pound did not lose ground on the back of this result […]
READ MORE
Sterling gains as dollar continues to weaken
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 3, 2018
- No Comments
Sterling gained this morning as the dollar fell and data showed British manufacturing gaining a little bit of momentum ahead of an expected interest rate rise in May. Manufacturing growth in Britain cooled to a one-year low in the first quarter of 2018, according to a survey on Tuesday that suggested the economy remains on […]
READ MORE
