UK Data this week could weaken Sterling further
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- May 15, 2017
- No Comments
Sterling rose towards $1.30 again today, with figures showing that speculators have cut bearish bets on the currency by the most in more than a year and the third most on record. The overwhelmingly negative view on the pound dominating foreign exchange markets since the Brexit referendum in June last year has abated since British […]
READ MORE
Poor day for Sterling on Thursday
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- May 12, 2017
- No Comments
Sterling fell to a one-week low against the dollar after the Bank of England’s inflation report showed interest rates were unlikely to rise within the next two years. Although the BoE said it might need to raise rates before the late 2019 date market pricing indicated, that was nine months later than its February forecasts […]
READ MORE
All eyes on BoE meeting this afternoon
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- May 11, 2017
- No Comments
Sterling remained below seven-month highs against the dollar this morning, as investors waited for UK economic data and a Bank of England interest rate decision and inflation report due later in the day, neither of which is expected to indicate a change in bank policy. A quieting of global market volatility and developments on its […]
READ MORE
Sterling bounces this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- May 10, 2017
- No Comments
Sterling hit a three-week high versus the euro and climbed towards $1.30 on Wednesday as traders awaited this week’s Bank of England inflation report and policy meeting. Sterling’s rise since Prime Minister Theresa May called a snap election last month should help limit a surge in British inflation this year although it will still sail […]
READ MORE
All eyes on Thursday – BoE Meeting
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- May 9, 2017
- No Comments
Sterling steadied near recent seven-month highs close to $1.30 today, as traders looked to a Bank of England inflation report and policy meeting this week for fresh drivers for a currency that has climbed almost 5 percent in the past month. The BoE’s “Super Thursday” will be closely watched for clues on how long UK […]
READ MORE
Macron wins french election – pound stays stable
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- May 8, 2017
- No Comments
A boost for European markets from France was not enough to drive sterling past $1.30 this morning, with the British currency trading in tight ranges as domestic attention focused on this week’s Bank of England meeting and an accelerating election campaign. The pound has gained more than 3 percent since Prime Minister Theresa May called […]
READ MORE
Overall a positive week for the pound
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 5, 2017
- No Comments
The pound inched higher this morning, a week of generally upbeat business sentiment surveys pushing it towards recent highs around $1.2950 as Prime Minister Theresa May’s Conservatives gained more than 100 seats in local elections. Sterling has surged almost 3 percent since May announced surprise national parliamentary elections two weeks ago, read by markets as […]
READ MORE
Sterling holds its own
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- May 4, 2017
- No Comments
Sterling held steady below seven-month highs against the dollar today after the results of a survey of Britain’s huge services sector, following stronger-than-expected data in a corresponding manufacturing survey. The PMI services came in at 55.8 higher than the expected 54.5, while the PMI composite came in at 56.0 ahead of expectations. Corresponding construction and […]
READ MORE
UK Construction PMI beats expectations
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Sterling, UK
- May 3, 2017
- No Comments
UK Construction Purchasing Managers’ Index (PMI) came in better than expectations at 53.1 compared to polls expecting a reading of 52. Tuesday’s stronger-than-expected survey of the manufacturing sector gave the pound some buoyancy in the face of headlines that suggested Britain’s negotiations to leave the EU would be difficult. Today’s figures will help Sterling further. […]
READ MORE
UK PMI better than expected this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- May 2, 2017
- No Comments
Sterling rose briefly on Tuesday after data showed UK manufacturing growth surged to a three-year peak in April, adding to signs that factories are enjoying at least a temporary boost from the pound’s recent weakness. A monthly purchasing managers’ index (PMI) survey for the manufacturing sector rose to 57.3 from 54.2 in March, exceeding all […]
READ MORE
