Tensions Increase Between USA and Iran – Dollar Volatile
- Posted by currencies in Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 6, 2020
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Good Morning, With geopolitical tensions rising between the US and Iran it has been an interesting start to the new year. Last week we saw the price of commodities such as gold increase as investors were looking for a safe haven to hold their money in. What this means is if more investors are moving […]
READ MOREManufacturing PMI fall to lowest since 2012
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, GBP, Sterling, UK, Uncategorised
- January 3, 2020
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British factory output fell in December at the fastest rate since 2012 as a tepid global economy hurt demand and businesses further reduced stocks of goods they had built up in case of a no-deal Brexit, a survey showed. The output gauge in the IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 45.6 […]
READ MORENew 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 MOREBritish Pound slightly recovers before BoE announces new governor
- Posted by currencies in Bank of England, Mark Carney, Sterling, UK, Uncategorised
- December 20, 2019
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The pound was up in early London trading today, holding just above $1.30, as investors waited for the Bank of England to announce its new governor. A person familiar with the process said that the job has gone to a former Bank of England deputy governor, Andrew Bailey. The pound rose 0.2% versus the dollar […]
READ MORESterling drops 3.3% since Election Night
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Sterling, UK, Uncategorised
- December 19, 2019
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The pound was on track for its biggest two-day fall in nearly two years yesterday as concerns rose that Britain could still crash out of the European Union without a trade deal in place at the end of a transition period in Dec. 2020. Prime Minister Boris Johnson’s government on Tuesday ruled out an extension […]
READ MOREPound tumbles after hard Brexit fears resurface
- Posted by currencies in Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- December 18, 2019
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Britain’s pound tumbled , erasing its post-election gains, after news that Prime Minister Boris Johnson planned to take a hard line in Brexit talks with the European Union dashed hopes of an end to Brexit uncertainty. In his boldest move since winning a large majority in last Thursday’s election, Johnson will use the prospect of […]
READ MORELatest Poll Shows Tory Lead Narrowing
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- November 27, 2019
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Sterling fell as much as 0.3% in early London trading after a YouGov poll showed the Conservative party’s lead over Labour narrowing to 11 points. The poll was the third in a row to show the Conservative lead dwindling before Britain’s election on Dec. 12. The pound may also have been weakened by reports of […]
READ MORERates Steady After TV Debate
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 20, 2019
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Sterling was slightly weaker against the dollar and largely flat versus the euro this morning, showing little immediate reaction to a debate between the leaders of Britain’s two main political parties ahead of next month’s election. Prime Minister Boris Johnson doubled down on his Brexit promises, saying only he could take Britain out of the […]
READ MORESterling Stays Steady
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Retail Sales, Sterling, UK, Uncategorised
- November 14, 2019
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Sterling kept within its recent trading range this morning, but this week could prove its second best so far this month as expectations that the Conservative Party may win a majority in the Dec. 12 national election fuel investors’ optimism. British Prime Minister Boris Johnson’s Conservatives have a 10-point lead over the main opposition Labour […]
READ MOREAccording To Polls – Tories Lead By 14 Pts
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- November 13, 2019
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The pound was slightly weaker against the U.S. dollar on this morning and stable against the euro, as weak economic data, which should hurt sterling, is more than offset by supportive political developments in Britain. Average weekly earnings rose at a weaker pace in the three months to September in the UK, but the pound […]
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