Market Update
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 […]
Market Update
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 […]
No Deal Possibility Weighs On Sterling
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 […]
Market Update
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. […]
Sterling Slips To 30 Month Lows
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 […]
Sterling Steadies After Week Of Big Losses
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 […]
Sterling Crashes
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 […]
Pound Hits New Lows
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 […]
Market Update
The dollar stayed near a two-week high versus on Friday as investors pared expectations for aggressive Federal Reserve interest rate cuts ahead of key U.S. economic data later in the […]
Boris Names His Brexit Dominated Seniors
Prime Minister Boris Johnson will meet his Brexiteer-dominated team of senior ministers for the first time today to plot how to persuade the European Union to agree to a new […]