UK Credit Ratings Cut by S&P and Moodys
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 28, 2016
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Higher-yielding, riskier currencies such as the Australian dollar rose along with sterling on Tuesday on hopes of a more coordinated central bank response to stem steep losses in markets after Britain’s vote to leave the European Union. Safe-haven currencies such as the yen and the Swiss franc, which had gained sharply since last Thursday’s vote, […]
READ MORESterling hits 31 year low
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 27, 2016
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British 10-year government borrowing costs sank below 1 percent on Monday for the first time ever and sterling tumbled to a fresh 31-year low against the dollar as investors bet Britain’s vote to leave the EU will trigger a Bank of England rate cut. Billions of pounds were wiped off the value of British financial […]
READ MOREVote Day is here. How will you vote??
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 23, 2016
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Sterling advanced to a 2016 high against the dollar on Thursday after the last sweep of opinion polls favoured Britain remaining in the European Union, just as voting got underway. Polls by ComRes, conducted for the Daily Mail newspaper and ITV television, and by YouGov for The Times newspaper in London, showed a last-minute rise […]
READ MORETomorrow is the biggest day for the UK!
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 22, 2016
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Sterling rose today, moving back towards a 5-1/2-month high against the dollar, as investors cut bets against the pound just a day before Britain votes on whether to remain in the European Union. Tomorrow While opinion polls suggested the vote on Thursday was too close to call, the implied probability of a vote to remain […]
READ MORE2 days to go! Bookies back remain
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 21, 2016
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Sterling hit its strongest level against the dollar since early May today, having the previous session posted its biggest one-day climb since 2008, as worries receded that Britain will vote to leave the European Union in two days’ time. Two opinion polls on Monday suggested that the “Remain” camp had recovered some ground ahead of […]
READ MORESterling recovers slightly from recent slump
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 17, 2016
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The cost of hedging against sharp swings in sterling over the next week rose to a record high this morning as the contract rolled over to capture the date for Britain’s vote on whether it wants to stay in the European Union. In the spot market, sterling recovered from 10-week lows against the dollar as […]
READ MORE7 Days to go
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 16, 2016
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For the Bank of England, Britain’s vote on its European Union membership next week means everything. The nine-member Monetary Policy Committee, led by Governor Mark Carney, will announce its decision on interest rates at noon today. Officials will probably keep the key rate at 0.5 percent, having said they will interpret economic data surrounding the […]
READ MORESterling hits 8 week low – 10 days to Referendum
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 13, 2016
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The pound fell to an eight-week low today while the cost of hedging against big swings in its exchange rate against the euro over the coming month hit a record high, 10 days before Britain votes on whether to stay in the European Union. Betting markets suggest Britons will opt to remain in the EU […]
READ MOREUK Construction unexpectedly up – No effect on the rates!
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 10, 2016
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Britain’s construction output bounced back more than expected in April following surprisingly upbeat industrial data earlier this week, suggesting the economy might have started the second quarter on a firmer footing. The Office for National Statistics said construction output, which makes up 6 percent of the economy, rose 2.5 percent in April after a 3.6 […]
READ MORESterling slips due to new poll
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 9, 2016
- No Comments
Sterling slipped this morning as investors ditched riskier assets in favour of safe havens such as the yen, worrying that Britain will vote to leave the European Union in a referendum in two weeks’ time. While it has recovered from lows hit earlier this year, up 3 percent on a trade-weighted basis in the past […]
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