Sterling starts the week on the up


Sterling starts the week on the up

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, […]

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Sterling gains after budget update

The pound has gained this morning as the dollar was dumped by investors as data showed U.S. consumer price inflation in February cooled and President Donald Trump said he had fired U.S. Secretary of State Rex Tillerson. British Finance Minister Philip Hammond gave his half-yearly economic update on the economy. Which was positive. Hammond upgraded […]

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Sterling lower against the Dollar

Sterling edged lower against the dollar and euro yesterday, holding off 10-day highs hit last week, as traders awaited key wages data due on Wednesday for clues to the pace of monetary tightening from the Bank of England. Markets have moved to price in an interest rate hike in May, but such tightening will hinge […]

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Sterling looses recent gains

The dollar moved higher against a currency basket of currencies today, buoyed by higher U.S. bond yields as investors turned their attention to U.S. President Donald Trump’s State of the Union speech and a Federal Reserve policy meeting. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was […]

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UK pay growth lags behind Inflation

Sterling got only a temporary boost from data showing British wage growth edged above forecasts this morning, rising briefly against the dollar before dropping off again. British pay growth has lagged behind inflation again, official data showed, but the figures are likely to cement expectations among investors that the Bank of England will soon raise […]

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Sterling hits 15 month high vs US Dollar

Sterling hit a 15-month high against the dollar today before retreating a notch as investors wound back some of last week’s bets on a Bank of England rate rise ahead of a speech by the central bank’s governor Mark Carney. The pound rocketed past $1.36 to its strongest since the Brexit vote on Friday after […]

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Market Update

Sterling softened to near 10-day lows against the U.S. dollar on Tuesday as tepid consumption data and business surveys underlined the challenges facing the British economy. British households spent more money on food and other essentials last month but held back on less urgent purchases as they faced rising prices, two sets of industry figures […]

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Sterling suffers worst week

Sterling steadied today after a batch of very poor monthly output readings drove it to its worst week in a month, casting doubt on the Bank of England’s surprise warnings that it is on the verge of raising borrowing costs. A strong U.S. payrolls report on Friday afternoon added to the pain for the pound […]

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UK Industrial & Manufacturing figures lower than expectations

British manufacturing slipped unexpectedly in May, dragged down by a fall in car production that will add to questions about the economic outlook going into the second half of 2017, official data showed on Friday. Manufacturing output edged down by a monthly 0.2 percent, cancelling out its rise in April and disappointing against forecasts for […]

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Dollar Steadies, Sterling Drops

The dollar steadied against its peers early this morning after the Federal Reserve’s policy meeting minutes took the wind out of its advance, with the market awaiting comments by central bankers and U.S. data for its next cues. The greenback had rallied earlier in the week after upbeat U.S. economic indicators lifted Treasury yields to […]

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