UK Construction hits a 14 month low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 3, 2017
- No Comments
British construction companies reported the sharpest fall in activity since just after June 2016’s Brexit vote, as new work dried up last month on concern over the economic outlook. The IHS Markit/CIPS construction purchasing managers’ index (PMI) sank to 48.1 in September from August’s reading of 51.1, far below all forecasts in a poll of […]
READ MORE
Sterling down across the board this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 2, 2017
- No Comments
Sterling slipped to a near three-week low against the dollar today as investors focused on underlying weakness in the British economy and the governing Conservatives gathered for what could be a fraught party conference. Data on Friday showed gross domestic product growth slowed to 1.5 percent year on year in the second quarter while the […]
READ MORE
UK GDP drops to 1.5%
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 29, 2017
- No Comments
Britain’s economy recorded its weakest year-on-year growth since 2013 in the three months to the end of June, and the major services sector contracted in July, showing a possible loss of momentum as the Bank of England prepares to raise interest rates for the first time in a decade. Official data showed year-on-year gross domestic […]
READ MORE
Sterling down against the Euro today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 28, 2017
- No Comments
Sterling was down against the Euro today after the Euro-area economic confidence surged more than economists forecast in September, giving European Central Bank policy makers more positive news to consider as they decide on the future of their bond-buying program. The index of industry and consumer sentiment increased to 113 in September from 111.9 the […]
READ MORE
Euro slips to 1 year low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 26, 2017
- No Comments
The euro slipped to a one-month low on today after its worst day so far this year, as investors worried that months of coalition talks in Germany could weigh on the economy and would make closer euro zone integration difficult. German Chancellor Angela Merkel, who won a fourth term in elections on Sunday but now […]
READ MORE
Euro Weaker after German Elections
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 25, 2017
- No Comments
This morning’s exchange rates are listed at the bottom of this article. The prices are for indication only. Please contact us for live rates. The euro snapped a two-day rising streak and edged lower today after the German election results prompted some investors to lock profits into one of the most profitable currency trades of […]
READ MORE
Britain waits on PM’s speech
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 22, 2017
- No Comments
Sterling traded within a tight range against the dollar today while investors waited for a speech by British Prime Minister Theresa May in which she is expected to try to rescue stalled Brexit talks. Investors will watch to see if May can offer enough to European Union negotiators to persuade them to move talks forward, […]
READ MORE
Retail Sales Boost Pound
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 20, 2017
- No Comments
Sterling jumped by almost a cent against the dollar on Wednesday after data showed British retail sales surged unexpectedly in August, increasing pressure on the Bank of England to lift interest rates from their record lows. The numbers showed a sharp pick-up in monthly sales growth to 1.0 percent, the fastest since April and far […]
READ MORE
Sterling drops off after Carney’s comments
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 19, 2017
- No Comments
Sterling steadied above $1.35 today, recovering some ground following a nearly 1 percent slide after Bank of England governor Mark Carney said interest rates rises in coming months would be limited and gradual. The pound rose as much as 3.3 percent last week, jumping more than four cents to $1.3618 on the back of hawkish […]
READ MORE
Sterling hits 15 month high vs US Dollar
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Home, Inflation, Mark Carney, Message, Sterling, UK, Uncategorised
- September 18, 2017
- No Comments
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 […]
READ MORE
