Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, UK, Uncategorised
- November 11, 2019
- No Comments
The pound rose 0.2% against a weakened dollar this morning after a flurry of UK data, including GDP figures. UK September Gross Domestic Product (GDP), manufacturing production, industrial output and goods trade balance data were all released this morning at 9:30am. All three came in weaker than the expectations, we saw I slight dip and […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- November 8, 2019
- No Comments
Sterling fell to a two-week low after two Bank of England officials unexpectedly voted to cut interest rates this month and others said they would consider a cut if global and Brexit headwinds did not lift. The BoE said that its nine-member Monetary Policy Committee voted 7-2 to keep its key rate at 0.75%, in […]
READ MORE
Pound Could Drop by 2% on Election Results
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 7, 2019
- No Comments
Sterling would receive a post-election bounce of around 3% if British voters give the ruling Conservative Party a majority in parliament on Dec. 12 but will fall 2% if the opposition Labour Party wins a majority, a new poll found. The pound has gyrated wildly since Britain decided in a June 2016 referendum to leave […]
READ MORE
Election Polls Key For Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 6, 2019
- No Comments
The pound was pretty static this morning as investors calculated the risks which the upcoming general election poses to Britain’s ability to sign a trade deal with the European Union before Jan. 31, its new deadline to leave the EU. Traders also waited to see what the Bank of England (BoE) might have to say […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Inflation, Mark Carney, No Deal, Phillip Hammond, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- August 15, 2019
- No Comments
The pound edged higher after inflation picked up in July, but the currency held within sight of a two-and-a-half year low as brewing concerns about a no-deal Brexit weighed on investor sentiment. The consumer price index rose 2.1% year-on-year in July from 2% in June, above a Reuters poll forecast of a 1.9% increase. The […]
READ MOREUK Inflation Rises
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, UK, Uncategorised
- August 14, 2019
- No Comments
Annual consumer price inflation rose to a three-month high of 2.1% in July from 2.0% in June, the Office for National Statistics said, bucking the average expectation in a Reuters poll of economists for a fall to 1.9%. Earlier this month the BoE predicted consumer price inflation would fall to a three-year low below 1.6% […]
READ MORERecession Fears Rise – UK Economy Shrinks 0.2%
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- August 9, 2019
- No Comments
The pound had started the day pretty settled after Thursday’s drop on the back of senior aides of Prime Minister Boris Johnson saying they would hold a parliamentary election in the days after Brexit if lawmakers sink the government with a no-confidence vote. Analysts say the election talk will weigh on the pound today because […]
READ MORE
Sterling Hits 23 Month Low Overnight
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, Fed, GBP, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- August 6, 2019
- No Comments
The British pound holds above recent lows this morning although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit. Sterling hit a new 23-month low against the euro overnight, with the losses largely down to strength in the single currency rather than more Brexit-related worries. The Guardian newspaper reported […]
READ MORENo Deal Possibility Weighs On Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- August 5, 2019
- No Comments
Sterling plunged to a 23-month low against the euro and near a 31-month low versus the dollar this morning as fears of a disorderly Brexit grew. After the by-election victory for the Liberal Democrats in Brecon and Radnorshire last week, the Conservative party has been left with a majority of just one seat in parliament, […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- August 2, 2019
- No Comments
The Bank of England (BoE) policymakers voted unanimously to leave interest rates unchanged at 0.75%. However, the bank slashed its growth forecasts amid the growing risk of a no-deal Brexit. The BoE downgraded it forecasts to 1.3% growth for both 2019 and 2020 providing the UK avoids a disorderly exit from the European Union. GBP […]
READ MORE
