Sterling is the worst performing major currency
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 21, 2017
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The British Pound became one of the worst performing majors during today’s early trading session as more sour news related to the UK crossed the wires. Earlier on Wednesday, the IMF downgraded its prediction for economic growth in this country to 1.6% this year from 1.7%. GfK consumer confidence clocked in at -13 in December […]
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Mark Carney speaks at lunchtime
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 20, 2017
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The FTSE 100 is called to open flat to slightly lower this morning following the overnight performances on Wall Street and in Asia which saw the US Senate pass the proposed tax reforms but the bill is being sent back to the House of Representatives for a further vote before it can be signed off […]
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Quiet day for Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 19, 2017
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Sterling dropped off this morning after making gains yesterday. With investors cautious about risks surrounding Brexit negotiations for the year ahead despite progress in the talks last week. A survey on Monday showed British factories matched a three-decade high for orders this month prodded the pound higher against the dollar and euro. However, Sterling was […]
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The week ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 18, 2017
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Last week ended negatively for the Pound, even though the UK and EU are now moving to the next phase of negotiations- the fact that this next phase will be more “testing” than the first has caused the Pound to be sold off as investors are still not confident. Another major event last week was […]
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Brexit talks going well
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 15, 2017
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BoE left interest rates unchanged and QE unchanged to yesterday at their meeting. From the 9 members, they all voted to keep things exactly as they are. Theresa May has been assured at a summit in Brussels that sufficient progress has been made to allow Britain to move on to the next stage of leaving […]
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UK Retail Sales up
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 14, 2017
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The pound hit daily highs after data showing that UK retail sales rose at a far faster pace than expected last month as investors await the outcome of the Bank of England’s monetary policy meeting later in the day. Retail sales jumped 1.1% in November, up from 0.5% in October and well ahead of economists’ […]
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UK Wage growth slightly better
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 13, 2017
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Pay growth for British workers quickened slightly in the three months to October but there was another drop in employment, official figures showed, suggesting employers are turning more cautious as Brexit nears. Britain’s economy slowed sharply this year as the 2016 Brexit vote weighed on households and companies, but job creation has largely remained strong […]
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UK Inflation hits a 6 year high!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 12, 2017
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This week will be all about the central banks. Three major institutions will have their interest rate decisions: FED, ECB, and BoE. From that three, only in the US, we should see some changes. However, the BoE will be under pressure to raise rates again early next year as this morning’s data shows UK inflation […]
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The week ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 11, 2017
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GBPEUR exchange rates hit 1.1490 while GBPUSD exchange rates went above 1.35 on Friday morning following the UK Government managing to sort out the Irish border issues and beginning negotiations for Brexit. These exchange rates lasted around 2 hours until EU officials stated that trade negotiations could not officially begin until Brexit was done (2019) […]
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Sterling hits a 6 month high!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 8, 2017
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Sterling has soared to a 6 month high against the Euro this morning, after news that the UK and the European Union have agreed on a deal to move on to the next stage of the Brexit negotiations. The European Commission said enough progress had been made after the two sides worked through the night […]
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