Inflation rises in the UK
- Posted by Shyam Gokani in Uncategorised
- July 19, 2016
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The pound erased yesterday’s rally and was fading back below the $1.32 level, with traders focusing on today’s economic releases. As traders took profits from Monday’s upswing, the pair declined and sterling was trading 0.3% weaker against the greenback, seen around $1.3210, retreating somewhat form the daily lows of $1.3175 seen earlier during the session. […]
READ MORESterling’s biggest week since 2009
- Posted by Shyam Gokani in Uncategorised
- July 15, 2016
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Expectations of a period of relative domestic political and economic calm kept sterling on course for its best week since 2009 today, although broader risks from last month’s Brexit vote prevented a break past two-week highs above $1.34. Many analysts have recommended selling any rallies in the pound in anticipation of cuts in Bank of […]
READ MOREBank of England announcement at 12pm
- Posted by Shyam Gokani in Uncategorised
- July 14, 2016
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Sterling strengthened amid a more upbeat mood across global markets today, as investors focused on a Bank of England policy meeting that looks set to yield the first cut in British interest rates in seven years. Governor Mark Carney clearly flagged two weeks ago that stimulus was on its way, signalling the economy was in […]
READ MOREUK rate cuts ahead!
- Posted by Shyam Gokani in Uncategorised
- July 1, 2016
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Sterling fell today, dragged down by expectations that the Bank of England is likely to ease monetary policy in coming months to cushion the economy from the impact of Britain’s shock vote to leave the European Union. British government bond yields tumbled to record lows, as investors priced in rate cut chances and perhaps more […]
READ MORESterling gains slightly due to no Article 50
- Posted by Shyam Gokani in Uncategorised
- June 29, 2016
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Sterling rose for a second day this morning, helped by rising stock markets, although lingering concerns over UK growth and investment after Britain’s vote last week to leave the European Union were likely to limit gains. Investors were taking some reassurance from the fact that British politicians were not rushing to trigger the Article 50 […]
READ MORESterling soars due to weekend polls
- Posted by Shyam Gokani in Uncategorised
- June 20, 2016
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Sterling soared 2 percent against the dollar this morning, putting it on track for its biggest one-day gain for more than seven years, as worries eased that Britain might vote to leave the European Union at a June 23 referendum. Campaigning for the vote resumed on Sunday after a three-day hiatus following the killing of […]
READ MOREPound rallies after recent opinion polls!
- Posted by Shyam Gokani in Uncategorised
- May 18, 2016
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As we get closer and closer to the EU Referendum, the pound continues to be driven by expectations on the outcome for the vote in June. Recently we have found that fears of a “Brexit” have been dimmed down by recent polls and political interference. Today, the results of a telephone opinion poll carried out […]
READ MOREUK Jobs data – better than expected
- Posted by Shyam Gokani in Uncategorised
- May 18, 2016
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The number of people out of work in Britain fell in the three months to March as the labour market held ground faced with a slowing economy before the European Union membership referendum. The number of unemployed fell 2,000 in the three months to March, the Office for National Statistics said, but the unemployment rate […]
READ MOREBrexit could trigger a “technical recession in the UK” – How will you vote?
- Posted by Shyam Gokani in Uncategorised
- May 12, 2016
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Bank of England Governor Mark Carney has warned a Brexit could trigger a “technical recession in the UK” We want to hear your views and how you will vote? Governor Mark Carney has today warned that a Brexit could send the UK back into a technical recession at his bank of England speech today. The […]
READ MOREBritish factory output recorded its biggest annual fall
- Posted by Shyam Gokani in Uncategorised
- May 11, 2016
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Sterling slipped against the euro and dollar this morning, with investors worried that the latest polls still show Britons who want to leave the European Union at a referendum in June neck-and-neck with those who want to stay. The pound had fallen some 7 percent between mid-November and mid-April, when it made a substantial recovery […]
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