All eyes on BoE meeting this afternoon


All eyes on BoE meeting this afternoon

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 […]

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Sterling bounces this morning

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 […]

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All eyes on Thursday – BoE Meeting

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 […]

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Macron wins french election – pound stays stable

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 […]

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Sterling holds its own

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 […]

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UK Construction PMI beats expectations

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. […]

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Sterling falls against Dollar & Euro

Sterling slipped against the dollar, euro and yen today, kept under pressure by uncertainty over the terms of Britain’s exit from the European Union and by doubts over how soon the Bank of England will start raising interest rates. For sterling, political risk has been in the driving seat for nine months, with the currency […]

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UK GDP as expected

Sterling slipped against the dollar again, as investors readied for the European Union’s official response to Britain’s letter of exit from the bloc, as well the final verdict on Britain’s economic output last year. EU Council President Donald Tusk will send leaders of the other 27 member states his proposed negotiating guidelines for Brexit talks […]

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What will happen to Sterling once we trigger Article 50

Sterling traded within a tight range today, outperforming other major peers against the dollar, apparently disregarding Britain’s looming formal launch of negotiations on leaving the European Union. British Prime Minister Theresa May will trigger Article 50 of the EU constitution with a formal notification of Britain’s intent to leave the bloc tomorrow, kicking off a […]

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Article 50 will be triggered this Wednesday

It seems like a very long time ago that the UK public came out and voted to leave the EU, after all of the issues in the Houses of Commons and in the Supreme Court, finally on Wednesday we will see the PM begin the process of leaving the EU. Last week we did see […]

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