What will affect Sterling this week?


What will affect Sterling this week?

Last week was pretty underwhelming as the Prime Minister is still yet to form her Government, and it seems Brexit negotiations have started pretty smoothly (Not sure how long it will last though!). Only a week ago, the Conservative Party said that if Theresa May went for a “Soft Brexit” then they will “Oust” her […]

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Carney – Not the time for a rate rise

Sterling fell by almost a full cent against the dollar today after Bank of England governor Mark Carney said now was not the time to raise interest rates, dashing some investors’ hopes that the central bank had shifted in that direction. Now is not the time to raise interest rates, he said today, warning of […]

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Sterling up as latest poll shows comfortable win for May

The euro was little changed against the dollar today before a European Central Bank policy announcement and the pound rose to two-week highs as voting began in Britain’s election, with final polls pointing to a win for Prime Minister Teresa May’s party. The ECB is not expected to make any changes to monetary policy, but […]

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5 polls expected today

Britain entered the final day of campaigning ahead of a parliamentary election that will define its approach to leaving the European Union but has been overshadowed by two militant attacks in as many weeks. Prime Minister Theresa May unexpectedly called the June 8 election seven weeks ago, seeking to boost her parliamentary majority ahead of […]

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Pound declines – Latest YouGov poll shows no majority election win

The British pound dropped today after a new poll found that British Prime Minister Theresa May’s Conservative Party risks falling short of an overall majority in the June 8 national election. New constituency-by-constituency modeling by YouGov showed the Conservative Party might lose 20 of the 330 seats it holds while the opposition Labour Party could […]

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Sterling rises as investors ignore the polls

Sterling rose against the dollar on Tuesday, with investors shrugging off opinion polls showing British Prime Minister Theresa May’s lead over the Labour opposition narrowing less than two weeks before a general election. The pound has risen nearly 4 percent since May called a snap election for June, as investors bet a then-predicted landslide majority […]

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Sterling falls as latest poll shows PM lead is cut further

Sterling fell on Friday after a poll showed a narrowing lead for British Prime Minister Theresa May over her opposition ahead of elections next month, while weakness in oil prices dragged on commodity-linked currencies. In a sign that the June 8 election could be more closely contested than previously thought, a YouGov poll published on […]

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UK GDP grows at slowest pace in a year

Britain’s economy slowed more than previously thought in the first three months of 2017 as rising inflation boosted by last year’s Brexit vote took a toll on household spending, official figures showed on Thursday. Just two weeks before Britons go to the polls in an early election called by Prime Minister Theresa May, the Office […]

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PM’s lead falls back after latest poll

Britain’s pound fell back below $1.30 today after a pair of polls over the weekend showing Prime Minister Theresa May’s opinion poll lead falling back into single figures ahead of next month’s election. Sterling has risen in the past month, in part on the assumption that a May landslide would strengthen her hand over hardline […]

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Pound breaks 1.30 against USD again

Sterling was set for a 1 percent weekly gain versus the dollar today although some investors were calling a top on the British currency, which climbed above $1.30 this week but is seen vulnerable to Brexit negotiations. The pound surged to an eight-month high of $1.3048 after strong retail sales figures on Thursday, losing momentum […]

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