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
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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 […]
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Sterling hits 7 month high against dollar
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- April 27, 2017
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Sterling rose around half a percent to 7-month highs above $1.29 this morning, helped by a broader softening of the dollar and polls showing Prime Minister Theresa May on course for a landslide in the early election she has called for June. The pound rose by as much as 4 cents when May announced the […]
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Sterling continues to slip against the euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 25, 2017
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Sterling dipped against the euro again today, kept under pressure by the single currency’s renewed strength as relieved investors turned optimistic on Europe after the first round of the French presidential election. On Monday the pound had its worst day versus the euro since early January, falling 1.4 percent after a run-off vote between two […]
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Sterling falls against Euro – French Election
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- April 24, 2017
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Sterling fell sharply against the euro today as investors favoured Europe’s currency over Britain’s in a wave of relief sweeping financial markets following results of the first round of France’s presidential election. The pound rallied nearly 2 percent last week, hitting four-month highs against the euro, after British Prime Minister Theresa May called for a […]
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What does the general election mean for the pound?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- April 21, 2017
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British PM, Theresa May surprised the markets on Tuesday morning by announcing a snap general election in June. The instant reaction to this was the Pound rising by around 3% across the board, which I am sure many of you were happy to see! Tuesday was, in fact, the best day Sterling has had since […]
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Sterling stays strong
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- April 20, 2017
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The pound inched higher against a basket of major currencies today, after a solid performance against the euro before the first round of French presidential elections and from an improvement due to the snap election announcement. Sterling rose against a broadly weaker dollar with bullish polls for Prime Minister Theresa May’s Conservatives adding to expectations […]
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Pound Surges
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Home, Sterling, UK, Uncategorised
- April 19, 2017
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The pound has advanced to fresh multi-week highs against the Euro and US Dollar as the currency market reacted to a surprising announcement from UK Prime Minister Theresa May. After May revealed her intention to hold a general election on June 8th, GBP/EUR jumped to 1.1890 and GBPUSD jumped to 1.27. Despite previously asserting that […]
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Pound boosted by data
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 12, 2017
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British pay growth after accounting for inflation almost disappeared completely in the three months to February, the clearest evidence yet that households are feeling the strain of rising prices as Brexit negotiations begin. Workers’ total earnings including bonuses rose by an annual 2.3 percent in the three months to February, unchanged from the previous period, […]
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UK Inflation stays at 2.3%
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 11, 2017
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UK inflation’s huge surge since the Brexit referendum paused in March, remaining at the same level seen in February, according to the latest release from the Office for National Statistics on this morning. The ONS said that the UK’s consumer price index — the key measure of inflation — was 2.3%, flat from February, and […]
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Euro lowers after French Election fears
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 10, 2017
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The euro edged lower this morning, pressured by nervousness over the upcoming French presidential elections as investors took stock of recent polls showing a tightening race. The campaign is being closely followed by investors, as one contestant — the far right Marine Le Pen — has threatened to pull France out of the European Union […]
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