Brexit worries hit Sterling value


Brexit worries hit Sterling value

Sterling was subdued this morning, shrugging aside better-than-expected services sector data and staying on track for its worst weekly performance since late March on worries about Britain’s future in the European Union. Services activity index rose to 53.5 in May from 52.3 in April. That was stronger than the median forecast of 52.5 in a […]

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Sterling at two-week low

Sterling hovered above a two-week low against a basket of currencies this morning, while the cost of hedging against swings over the next month traded near its highest since 2009 on concerns over whether Britain will stay in the European Union. Construction sector survey release9 at 0930 GMT slowed to 51.2 from an expectation of […]

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Latest polls damage Sterling

Sterling slipped this morning, while the cost of hedging against sharp falls in the exchange rate over the next month rose to its highest in over seven years on worries that the campaign for Britain to leave the European Union was gaining the upper hand. Two surveys by polling firm ICM on Tuesday showed British […]

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Pressure of Brexit hurts Sterling

Sterling eased on Tuesday, hurt by month-end selling and after a poll showed support for those who want to stay in European Union dropping, adding to growing uncertainty about next month’s referendum. An ORB poll for the Daily Telegraph showed support for Britain to stay in the European Union was at 51 percent, five points […]

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Great week for Sterling

Sterling steadied this morning, closing off a week of solid gains built up on the growing belief that Britons will vote to remain in the European Union at next month’s referendum, thereby avoiding market volatility that would damage the pound. A series of polls this week has pointed to the “Remain” camp opening up a […]

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UK GDP as expected

Business investment in Britain fell in annual terms for the first time in three years in the first quarter amid uncertainty around a vote on the country’s European Union membership. The Office for National Statistics confirmed the economy slowed in the January-March period, rising by a quarterly 0.4 percent as expected in a poll, and […]

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Sterling boosted by yet another positive poll

Sterling rose against the euro and the dollar this morning, boosted by a poll that showed the “Remain” camp was well ahead over their “Leave” rivals with a month to go before a vote on Britain’s future in the European Union. On Monday, sterling started the week on a shaky note after warnings from Prime […]

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Pound gains further after positive Retail Sales

British retail sales bounced back much more strongly than expected in April, despite cold weather dealing a big blow to spring clothing sales compared with last year, official figures showed this morning. Retail sales volumes rose 1.3 percent on the month in April, the Office for National Statistics said, well above economists’ average forecast of […]

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UK April Inflation slips

British inflation slipped in April for the first time since September last year, reflecting a drop in airfares after a March surge around the Easter holidays disappeared, as well as lower clothing prices. Consumer prices rose 0.3 percent compared with a year ago, the Office for National Statistics said, in line with a Bank of […]

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