Sterling On A Decline
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, EUR, GBP, Mark Carney, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 14, 2020
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On Monday the pound fell by 0.5% to two and a half week lows against the dollar as poor economic figures increased the chances of the Bank of England cutting their interest rates. With the UK’s industrial production coming in lower than forecasted and the monthly GDP for November showing that the British economy has […]
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New Year, Same Brexit!
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- January 2, 2020
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Boris Johnson said he would bring his divided nation back together when Britain leaves the European Union, telling Britons they were set for a “fantastic year and a remarkable decade”. Fresh from winning a large parliamentary majority in an election, Johnson said in a New Year’s message that his first job was to ensure Brexit […]
READ MOREMarket 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
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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 […]
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Market Update
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, election, EUR, Fed, GBP, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- September 6, 2019
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The British pound was lower today after a tumultuous week in which it plunged to three-year lows before rebounding strongly as lawmakers voted to block a no-deal Brexit, making a snap election more likely. Opposition parties will discuss how to respond to Boris Johnson’s bid to call a snap election after the prime minister said […]
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
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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, […]
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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
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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 MORESterling Slips To 30 Month Lows
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, No Deal, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- August 1, 2019
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The dollar rose to a two-year peak against the euro as U.S. Federal Reserve Chairman Jerome Powell ruled out a lengthy easing cycle after delivering the first rate cut since the financial crisis. In a widely expected move, the U.S. central bank cut rates by 25 basis points to shore up the economy against risks […]
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Sterling Steadies After Week Of Big Losses
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, No Deal, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- July 31, 2019
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Sterling, which has tumbled for the whole week as investors rushed to factor in the possibility of Britain leaving the European Union without transition trade arrangements in place, has gained 0.2% at $1.2167, crawling back from a 28-month of $1.2120 plumbed yesterday. Few expect the pound’s respite will last long, given new Prime Minister Boris […]
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Sterling Crashes
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Economy, EUR, Fed, GBP, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- July 30, 2019
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Sterling crashed to 2-1/2 year lows this morning and fell towards the $1.21 mark versus the dollar as the growing likelihood of a disorderly Brexit led investors to hedge or cut their exposure to British assets. Sterling traded as high as $1.32 in early-May, having fallen steadily since then, with losses accelerating since July 24 […]
READ MOREPound Hits New Lows
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Phillip Hammond, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- July 29, 2019
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Sterling dropped to another low this morning, hitting its weakest since March 2017 as investors grow increasingly worried that Britain is headed towards a disorderly exit from the European Union without a transition deal. Senior ministers said on Sunday that new Prime Minister Boris Johnson’s government was working on the assumption that the EU will […]
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