Hammond Comments Boost Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 21, 2019
- No Comments
Sterling rose to the day’s high after British Chancellor of the Exchequer Philip Hammond said this morning the possibility of a no-deal Brexit is leading lawmakers to reconsider backing the Brexit deal. British lawmakers could be given a vote on a revised Brexit deal as early as next week as talks with the European Union […]
READ MORE
Pound Gains
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Inflation, Prime Minister, Rate Alerts, Sterling, UK, Uncategorised
- February 20, 2019
- No Comments
Sterling shot past $1.30 on hopes that Prime Minister Theresa May will make progress in seeking changes to her Brexit deal with the European Union, although some traders struggled to explain the size of the move. After edging higher for much of the day, the pound then jumped in late European trading – rising almost […]
READ MORE
UK Wage Data Strong
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- February 19, 2019
- No Comments
UK pay growth held at its fastest pace in a decade in late 2018 and job creation remained strong, official figures showed this morning, suggesting the labour market was staying buoyant ahead of Brexit. Total earnings, including bonuses, rose by an annual 3.4 percent in the three months to December, remaining at its fastest pace […]
READ MORE
UK GDP worst since 2012
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 11, 2019
- No Comments
Britain’s economy slowed as expected in the final three months of last year, pushing growth in 2018 to its weakest in six years, as Brexit worries hammered investment into the UK. Gross domestic product growth in the final quarter of 2018 fell to a quarterly rate of 0.2 percent from 0.6 percent in the previous […]
READ MORE
BOE sees weakest outlook since 2009
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 8, 2019
- No Comments
The pound has been volatile this week. It fell further yesterday after the BoE kept interest rates on hold and then strengthened when the central bank said rates will rise if an EU divorce deal is done. That was seen as somewhat hawkish a time when other major central banks have said they will hold […]
READ MORE
Brexit Chaos Weighs On Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 7, 2019
- No Comments
The pound has fallen fell below $1.29 for the first time in more than two weeks as dollar strength prompted traders to move to the side lines before a central bank meeting and growing Brexit uncertainty. With a Brexit deal still not in the bag, the Bank of England’s rate-setters are expected to vote unanimously […]
READ MORE
Pound Gains After Overnight Losses
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 30, 2019
- No Comments
Sterling gained again this morning after declines triggered by the UK parliament’s rejection of amendments to delay Brexit, as investors bet the government would still avoid exiting the European Union without an agreed trade deal in place. The pound fell 0.7 percent on Tuesday after lawmakers voted to demand Prime Minister Theresa May renegotiate the […]
READ MORE
Cooper Amendment Expected To Pass
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 29, 2019
- No Comments
Sterling held well at multi-month highs against the euro and dollar as traders weighed up whether lawmakers would back a key parliamentary amendment that would effectively take a no-deal Brexit off the table. The UK parliament will debate and vote later in the day on Prime Minister Theresa May’s response to the overwhelming rejection of […]
READ MORE
Sterling Holds On To Gains Ahead Of Vote
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 28, 2019
- No Comments
The pound drifted lower this morning after posting its biggest weekly rise in more than 15 months last week as investors consolidated positions before crucial votes in the British parliament that will aim to break a Brexit deadlock. Lawmakers earlier this month rejected Prime Minister Theresa May’s EU withdrawal agreement, which included a nearly two-year […]
READ MORE
Sterling Continues Gaining
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 23, 2019
- No Comments
The British currency rose half a percent and neared $1.30 after data showed British workers’ pay grew at the fastest pace in over 10 years. The figures encouraged traders, who believe that a disorderly no-deal Brexit can be avoided, to buy the pound. But with little time left until Britain leaves the EU on March […]
READ MORE
