Dollar fights back
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 29, 2018
- No Comments
The dollar is higher against a basket of currencies today, helped by rising bond yields and a week packed with U.S. data starting with a central bank policy decision, though the broader outlook remains murky for the greenback. Sterling against the Euro lost gains on Friday despite solid UK GDP data showing that the UK […]
READ MORE
UK economy grew 0.5% in the fourth quarter
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 26, 2018
- No Comments
The pound rose today as traders looked to fourth-quarter economic growth numbers due later to see if Britain’s economy is proving more resilient than expected, which could help sterling extend its recent rally. Sterling gained 0.7 percent to trade at $1.4236, but below the $1.4346 mark it notched up on Thursday when a broad dollar […]
READ MORE
Sterling continues to perform
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 25, 2018
- No Comments
The euro fell further against the sterling nearing the 1.15 level for the first time in seven months as the British pound’s rally against the dollar this week spread to other currencies. Sterling strengthened, its highest since June 2017, taking its gains to more than 2 percent against the single currency this month. Its gains […]
READ MORE
Pound shoots up across the board
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 24, 2018
- No Comments
Sterling shot to a fresh post-Brexit-vote high of $1.41 today, extending a recent rally that has seen confidence in the British currency recover. The pound climbed as much as 0.6 percent, its highest level since Britain’s vote to leave the European Union in June 2016. Against the euro, the pound was up 0.3 percent at […]
READ MORE
US Shutdown weakens US Dollar further
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 22, 2018
- No Comments
The dollar was pinned near a three-year low today as a U.S. government shutdown encouraged investors to add to bearish bets against the greenback while the euro consolidated recent gains. Unless the U.S. government shutdown ends very quickly which may boost the dollar, markets are focusing on the two other economies this week, namely the […]
READ MORE
Downbeat UK Retail Sales
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 19, 2018
- No Comments
The recent pound gains against the U.S. dollar were trimmed this morning, after the release of downbeat UK retail sales dampened optimism over the strength of the economy, although overall weakness in the greenback kept the pair near one-and-a-half year highs. The pound weakened after data this morning showed that UK retail sales declined much […]
READ MORE
Brexit vote in parliament today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 17, 2018
- No Comments
The dollar moved higher against a basket of currencies this morning as the euro paused after having rallied to more than three-year highs overnight amid growing expectations that the European Central Bank will scale back stimulus this year. Prime Minister Theresa May’s Conservative Party urged MPs to back the government’s Brexit legislation at a vote […]
READ MORE
Sterling hits one week low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 12, 2018
- No Comments
Sterling slipped to a one-week low against the euro today, as the single currency soared on talk that the European Central Bank could start to change its message of expansionary monetary policy in the coming months. According to the minutes of its latest meeting, the ECB should revisit its communication stance in early 2018, suggesting […]
READ MORE
Sterling continues to slide
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 11, 2018
- No Comments
Sterling extended the previous two days’ losses today as a struggling retail sector and a widening trade deficit raised concerns among some investors that the currency’s recent gains could be overdone. The British currency fell to a two-week low in early trades, with some market analysts saying the pound’s decline this week opens the door […]
READ MORE
Upbeat UK data this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 10, 2018
- No Comments
This morning we had the UK manufacturing and industrial production data released and both beat estimates. The GBP/USD pair maintained its offered tone for the second consecutive session, albeit managed to bounce off few pips from lows after mixed UK releases. The pair managed to recover around 15-20 pips from the 1.3500 neighbourhood and was […]
READ MORE
