Sterling slightly up this morning
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Referendum, Retail Sales, Sterling, UK
- July 25, 2016
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Sterling inched up today, recovering some of the ground it lost late last week from surveys suggesting Britain was heading towards recession and boosting expectations the Bank of England will have to stimulate growth next month. Sterling was up 0.2 percent at $1.3140, having fallen nearly 1 percent on Friday. The euro, also was 0.3 […]
READ MOREPoor UK Retail Sales hits Sterling this morning
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Referendum, Retail Sales, Sterling, UK
- July 21, 2016
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British retail sales suffered their sharpest monthly fall in six months in June, with officials citing poor weather hurting clothing sales rather than any impact from the vote to leave the European Union. Retailers had not reported any anecdotal evidence of the unexpected result of the June 23 referendum affecting sales during the five-week period […]
READ MORESterling stays firm
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 18, 2016
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Sterling rose on Monday, boosted by expectations of inflows from an acquisition deal after Japan’s Softbank agreed to buy chip designer ARM in a 24.3-billion-pound deal which should help plug Britain’s yawning current account gap. The pound extended gains after Bank of England policymaker Martin Weale said he was unsure if he would back an […]
READ MORESterling on the up – for now!
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 13, 2016
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Sterling was firmer this morning, trading near a two-week high against the euro as Theresa May was set to take over as Britain’s prime minister, easing some of the political uncertainty that has dogged the currency in the past few weeks. Traders will keep an eye on who will be appointed as finance minister with […]
READ MORESterling steadies after May appointment
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- July 12, 2016
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Sterling rose along with UK government bond yields today as the early appointing of interior affairs minister Theresa May as prime minister fed into a generally improved global mood among financial investors. The 1.2 percent rise in the pound against the dollar put it on track for its biggest daily rise since Britain’s vote to […]
READ MORESterling steadies but more weakness on the cards
- Posted by Shyam Gokani in Bank of England, Bremain, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 8, 2016
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Sterling steadied this morning less than two U.S. cents away from a 31-year low, having put in its worst three-weekly performance since the currency’s 1992 crisis, following Britain’s shock vote to leave the European Union. Most currency pairs were trading in tight ranges ahead of a U.S. non-farm payrolls report due at 1330 – one […]
READ MORESterling stays below 1.30 against US Dollar
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 7, 2016
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Sterling steadied on Thursday after two more days of nerves over the fallout of Britain’s vote to leave the European Union drove it below $1.30 for the first time in more than three decades. Analysts and traders remain convinced more weakness in the pound is on the cards, with some predicting a fall to the […]
READ MORESterling takes major hit as markets open today
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 5, 2016
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Sterling hit a fresh 31-year low against the dollar in risk-averse markets on Tuesday, as investors worried about the economic and financial fallout of Britain’s vote to leave the European Union. The pound, the asset that has borne the brunt of market concerns about the economic impact of the vote, slid 1.3 percent on Tuesday […]
READ MOREPound volatility continues as no clear outloook
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 4, 2016
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Britain’s pound traded flat this morning, rooted just over a cent off last week’s lows against the dollar and threatened by a round of data that may give the first clues to any post-Brexit vote weakening of the UK economy. While June’s PMI surveys of sentiment among company purchasing managers will be largely discounted as […]
READ MORESterling up – 3 days in a row
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- June 30, 2016
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Sterling climbed for a third day today, but traded in tight ranges as investors waited for new developments on Britain’s shock decision to leave the European Union, which sent the currency to a 31-year low. The pound tumbled almost 8 percent last Friday, the steepest daily decline in the post-1973 floating-exchange-rate era, after the result […]
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