Sterling On A Decline
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, EUR, GBP, Mark Carney, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 14, 2020
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On Monday the pound fell by 0.5% to two and a half week lows against the dollar as poor economic figures increased the chances of the Bank of England cutting their interest rates. With the UK’s industrial production coming in lower than forecasted and the monthly GDP for November showing that the British economy has […]
READ MOREThe Week Ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- January 13, 2020
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Last week the pound was in a fairly sideways trend as the main driving force for the markets continued to come from updates of the US and Iran conflict. Over in the States we saw President Trump’s first rally of the election year held in Toledo, Ohio. Reporters on the ground stated that Republicans were […]
READ MOREPound Dropped Off After Carney Comments
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, EUR, GBP, Mark Carney, No Deal, Sterling, UK, Uncategorised
- January 10, 2020
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Yesterday the British Pound fell to a two-week lows as the head of the BoE Mark Carney stated that an interest-rate cut could still be on the horizon. Carney said in his speech on Thursday morning that the central bank was debating the uses of near-term stimulus, adding that a Brexit uncertainty was still present […]
READ MOREBrexit Talks Begin
- Posted by currencies in Bremain, Brexit, Currency, Dollar, EUR, GBP, No Deal, Sterling, UK, Uncategorised
- January 9, 2020
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UK Prime Minister Boris Johnson and European Commission President have commenced trade talks which has led to Sterling strength in the region of 0.5% against the Euro and 0.3% against the USD. The future relationship between the EU and UK will now be the key driving factor for the single currency in the coming months. […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 8, 2020
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GBP recovered above 1.32 against USD and 1.18 against EUR due to expectations of The Withdrawal Agreement Bill being passed through the House of Commons within the next few days now that Parliament are back after the Christmas break. Topics debated in the House of Commons yesterday were based on the 11 month transition period […]
READ MOREPositive Start For Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- January 7, 2020
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This Morning the pound has started on the right foot and has strengthened against most major currencies. That’s in part because the pound got a boost following the latest UK services PMI, which came in at 50.0 against the 49.1 expected and the 49.0 seen the previous month. A much-needed bit of positivity for the […]
READ MORETensions Increase Between USA and Iran – Dollar Volatile
- Posted by currencies in Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 6, 2020
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Good Morning, With geopolitical tensions rising between the US and Iran it has been an interesting start to the new year. Last week we saw the price of commodities such as gold increase as investors were looking for a safe haven to hold their money in. What this means is if more investors are moving […]
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 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 MOREPound tumbles after hard Brexit fears resurface
- Posted by currencies in Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- December 18, 2019
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Britain’s pound tumbled , erasing its post-election gains, after news that Prime Minister Boris Johnson planned to take a hard line in Brexit talks with the European Union dashed hopes of an end to Brexit uncertainty. In his boldest move since winning a large majority in last Thursday’s election, Johnson will use the prospect of […]
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