Sterling continues to perform
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 25, 2018
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The euro fell further against the sterling nearing the 1.15 level for the first time in seven months as the British pound’s rally against the dollar this week spread to other currencies. Sterling strengthened, its highest since June 2017, taking its gains to more than 2 percent against the single currency this month. Its gains […]
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Pound shoots up across the board
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 24, 2018
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Sterling shot to a fresh post-Brexit-vote high of $1.41 today, extending a recent rally that has seen confidence in the British currency recover. The pound climbed as much as 0.6 percent, its highest level since Britain’s vote to leave the European Union in June 2016. Against the euro, the pound was up 0.3 percent at […]
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US Shutdown weakens US Dollar further
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 22, 2018
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The dollar was pinned near a three-year low today as a U.S. government shutdown encouraged investors to add to bearish bets against the greenback while the euro consolidated recent gains. Unless the U.S. government shutdown ends very quickly which may boost the dollar, markets are focusing on the two other economies this week, namely the […]
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Brexit vote in parliament today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 17, 2018
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The dollar moved higher against a basket of currencies this morning as the euro paused after having rallied to more than three-year highs overnight amid growing expectations that the European Central Bank will scale back stimulus this year. Prime Minister Theresa May’s Conservative Party urged MPs to back the government’s Brexit legislation at a vote […]
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Sterling hits one week low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 12, 2018
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Sterling slipped to a one-week low against the euro today, as the single currency soared on talk that the European Central Bank could start to change its message of expansionary monetary policy in the coming months. According to the minutes of its latest meeting, the ECB should revisit its communication stance in early 2018, suggesting […]
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Sterling continues to slide
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 11, 2018
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Sterling extended the previous two days’ losses today as a struggling retail sector and a widening trade deficit raised concerns among some investors that the currency’s recent gains could be overdone. The British currency fell to a two-week low in early trades, with some market analysts saying the pound’s decline this week opens the door […]
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Upbeat UK data this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 10, 2018
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This morning we had the UK manufacturing and industrial production data released and both beat estimates. The GBP/USD pair maintained its offered tone for the second consecutive session, albeit managed to bounce off few pips from lows after mixed UK releases. The pair managed to recover around 15-20 pips from the 1.3500 neighbourhood and was […]
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May’s reshuffle was a shambles
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 9, 2018
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British Prime Minister Theresa May’s leadership team shake-up, designed to restore her authority and address divisions over Brexit, was branded a shambles after one minister quit and media reported another had refused to move jobs. May had hoped to reset her agenda and strengthen her hand as Britain moves to the second phase of talks […]
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Morning Report
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 8, 2018
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British house prices unexpectedly fell in December compared with November, their first decline in six months, mortgage lender Halifax said on Monday, adding to signs of weakness in the country’s housing market since the 2016 Brexit vote. British Prime Minister Theresa May said that she would announce changes to her ministerial team soon, with media […]
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Steady Sterling for 2018
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 5, 2018
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The British pound is set to mostly hold steady against both the dollar and the euro this year, but much will hinge on progress in Britain’s talks with Brussels on its withdrawal from the European Union. Currency strategists weren’t brimming with optimism on how the next stage of talks will go, but most do not […]
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