Sterling continues to lose ground


Sterling continues to lose ground

Sterling fell to a fresh 2018 low on Tuesday, as concerns about an escalation in the trade dispute between the world’s two biggest economies weighed on risk sentiment. With all eyes focused on the Bank of England’s policy decision on Thursday, in which it is expected to unveil its monetary policy stance for the rest […]

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Pound hits a 7 month low

Sterling held near seven-month lows against the US Dollar as strong U.S. data and a hawkish Federal Reserve prompted investors to buy the greenback, while the Bank of England is expected to strike a cautious note at a review next week after some weak data. Focus shifts to the Bank of England’s meeting on Thursday […]

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Sterling hits a 5 day high

Sterling rose to a five-day high after British retail sales jumped for the second month in a row in May and far outstripped expectations. Sterling is likely to gain this year and by the time Britain leaves the European Union next March will have recouped a chunk of its losses since the June 2016 decision […]

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UK Retail Sales jump in May

Sterling rose a quarter of a percent this morning before any data, cementing some modest gains notched up this week. British retail sales jumped for the second month in a row in May, far outstripping expectations as a royal wedding and warm weather helped shoppers put a winter slump further behind them, data showed this […]

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Dollar strengthens ahead of Fed meeting

The dollar edged up across the board today ahead of a Federal Reserve policy announcement that investors will scan for clues on how many more U.S. rate hikes there will be this year. The Fed concludes its two-day policy meeting later on Wednesday and is widely expected to hike rates for the second time this […]

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UK wage growth slows

British workers’ wages grew more slowly in the three months to April, according to official data published this morning which could further dampen expectations that the Bank of England will raise interest rates as soon as August. Total earnings, including bonuses, rose by an annual 2.5 percent, down from growth of 2.6 percent in the […]

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UK data disappoints across the board

British factory output unexpectedly dropped in April at the fastest pace since 2012, due to weaker demand at home and abroad, raising concern that the economy’s weakness in early 2018 is persisting. The official data published today also showed the biggest trade deficit for goods since September 2016 after big falls in exports of aircraft, […]

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Brexit Meltdown hits the pound

Boris Johnson warned that there could be a Brexit meltdown, but it will be “all right in the end” and that U.S. President Trump would take a tougher stance were he leading the talks. Johnson’s comments were secretly recorded at a dinner on Wednesday evening and released on Thursday hours after ministers found a compromise […]

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Brexit talks break down in Parliament

News late last night of a major row between PM Theresa May and Brexit minister David Davis over the government’s final position on a backstop for Northern Ireland could weigh on Sterling in the days to come if no agreed position is found. Brexit minister Davis is seeking a firm end date for the customs union […]

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Market Update

Today has a light data calendar with nothing of note in the UK. We have no further UK releases for the rest of this week. However, it should be noted that there are several important releases next week, ahead of the Bank of England policy announcement on 21st June. These include industrial production and construction […]

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