Pound falls against Euro yet again
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 18, 2017
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Britain’s pound fell against the euro again today and was poised for a third consecutive week of losses as a global selloff in risky assets prompted investors to cut bets after a week of tepid U.K. data. With growing market expectations that the Bank of England is unlikely to raise interest rates over the coming […]
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UK Retail Sales better than expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 17, 2017
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Pound held its ground this morning ahead of a third day of monthly data on the economy that comes amid growing noise around the conduct of Brexit negotiations with Europe. Sterling fell to its weakest against the euro in 10 months on Wednesday and is trading around a five-week minimum against the dollar. It has […]
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UK Unemployment falls to lowest in 42 years
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 16, 2017
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Britain’s unemployment rate unexpectedly fell to its lowest since 1975, official data showed this morning. The unemployment rate in the three months to the end of June fell to 4.4 percent, against the average forecast for it to hold at 4.5 percent in a poll of economists. The figures on wage growth showed the challenge […]
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UK Inflation Unchanged
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 15, 2017
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British consumer price inflation unexpectedly held steady last month as fuel prices fell amid other signs that the squeeze on households’ spending power may slowly be starting to level off. Official figures today showed the pace at which manufacturers’ raw material costs are rising slowed by the most in over five years as the initial […]
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Pound starts week under pressure
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 14, 2017
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The Pound has remained under pressure over the last week due to lack of political developments regarding Brexit & weaker data showing that the UK economy is, in fact, contracting at the moment. On Friday, the GBPEUR exchange rate closed under 1.10 for the first time in a long while- Which isn’t a good sign […]
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Sterling near 3 week low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 11, 2017
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Sterling held near a three-week low against the dollar today as investors grew wary about the outlook of the British economy after a mixed bag of data this week. The July bounce in sterling was on some expectations that the Bank of England will increase interest rates at its last policy meeting, but with fundamentals […]
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UK Data worse than expected this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 10, 2017
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British industrial output unexpectedly picked up in June after oil producers delayed normal seasonal maintenance, but falling car production and a slide in construction bode poorly for future months. Britain’s economy showed only sluggish growth in the first half of 2017 as consumers battled with higher inflation triggered by last year’s vote to leave the […]
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Sterling slightly up today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 9, 2017
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Sterling was up against the euro and the US dollar, after the US president warned North Korea faced “fire and fury” from their attempts to build nuclear weapons that could reach America. The escalating tensions last night sent worries through US stock markets, with stocks in Asia also plunging overnight. As a result, Europe was […]
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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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