Sterling steadies after recent big losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 8, 2017
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Sterling steadied this morning after posting its biggest four-day decline in two months against the dollar as investors grew bearish about the outlook of the economy. The British pound was broadly flat against the dollar after weakening 1.4 percent in the last four sessions. It was the biggest four-day losing streak since mid-June, according to […]
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Sterling – The week ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 7, 2017
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The big news from the past week for the British Pound was the Bank of England’s rate decision on Thursday. This was a quarterly meeting, often referred to as ‘Super Thursday’ as the BoE accompanied the rate decision with a set of updated forecasts as well as meeting minutes and a press conference after the […]
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Pound’s worst day in a month
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 4, 2017
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Sterling posted its biggest daily loss in a month, as some investors consolidated positions after the Bank of England kept interest rates at record lows and lowered its growth and inflation forecasts. Before Thursday’s central bank decision, sterling briefly rose to a 11-month high of $1.3267 per dollar, rounding off a strong 4.5 percent rise […]
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UK Services slightly better – All eyes on BoE at 12PM
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 3, 2017
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The exchange rates are listed at the bottom of this article, please note the rates are for indication only. For live quotes contact us vis email or phone. Britain’s economy looks set for “steady but sluggish” growth over the coming months, after a closely watched business survey showed activity in the dominant services sector picked […]
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UK Construction drops to 11 month low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 2, 2017
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Growth in Britain’s construction industry tumbled to an 11-month low in July, as a lacklustre outlook for the economy and heightened political uncertainty deterred new orders, a survey showed today. The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) fell to 51.9 from 54.8 in June, below all forecasts in a poll of economists that had […]
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Sterling hits 11 year high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 1, 2017
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Pound climbed to its highest levels against the dollar since mid-September today, as data showing UK manufacturing growth recovered from a seven-month low in July eased concerns about an economic slowdown. This morning’s Purchasing Managers’ Index (PMI) survey climbed to 55.1, exceeding the 54.4 consensus in a Reuters poll of economists, helped by the biggest […]
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Big Week Ahead – GBP/USD above 1.31
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 31, 2017
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Britain’s pound traded above $1.31 today, close to a 10-month high, as investors eyed this week’s Bank of England “Super Thursday” for a steer on whether record-low interest rates could soon be lifted for the first time in more than a decade. Sterling has been supported in recent weeks by expectations that the Bank might […]
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Currency Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 28, 2017
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Britain’s pound steadied close to its highest levels in 10 months against the dollar today on comments from the finance minister about a transitional leaving deal with the European Union. They soothed market fears that the country is set for a “hard Brexit”. Philip Hammond said that he wanted to avoid a “cliff-edge” where goods […]
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Pound Surges Against US Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 27, 2017
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Sterling hit a 10-month high against a broadly weaker dollar today, after the U.S. Federal Reserve left policy unchanged and appeared less confident about inflation picking up, which investors took as a sign rates could be kept low for longer. The market focused on the central bank’s noting that both overall and core inflation had […]
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UK Economy Picks Up
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 26, 2017
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Britain’s economy gathered only a little speed in the second quarter after almost stalling at the start of the year, propped up by the services sector and a booming film industry, official figures showed on this morning. Growth of 0.3 percent on the quarter was up from 0.2 percent in the first quarter, a figure […]
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