Brexit worries hit Sterling value
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 3, 2016
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Sterling was subdued this morning, shrugging aside better-than-expected services sector data and staying on track for its worst weekly performance since late March on worries about Britain’s future in the European Union. Services activity index rose to 53.5 in May from 52.3 in April. That was stronger than the median forecast of 52.5 in a […]
READ MORESterling at two-week low
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK
- June 2, 2016
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Sterling hovered above a two-week low against a basket of currencies this morning, while the cost of hedging against swings over the next month traded near its highest since 2009 on concerns over whether Britain will stay in the European Union. Construction sector survey release9 at 0930 GMT slowed to 51.2 from an expectation of […]
READ MORELatest polls damage Sterling
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- June 1, 2016
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Sterling slipped this morning, while the cost of hedging against sharp falls in the exchange rate over the next month rose to its highest in over seven years on worries that the campaign for Britain to leave the European Union was gaining the upper hand. Two surveys by polling firm ICM on Tuesday showed British […]
READ MOREPressure of Brexit hurts Sterling
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 31, 2016
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Sterling eased on Tuesday, hurt by month-end selling and after a poll showed support for those who want to stay in European Union dropping, adding to growing uncertainty about next month’s referendum. An ORB poll for the Daily Telegraph showed support for Britain to stay in the European Union was at 51 percent, five points […]
READ MOREGreat week for Sterling
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 27, 2016
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Sterling steadied this morning, closing off a week of solid gains built up on the growing belief that Britons will vote to remain in the European Union at next month’s referendum, thereby avoiding market volatility that would damage the pound. A series of polls this week has pointed to the “Remain” camp opening up a […]
READ MOREUK GDP as expected
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 26, 2016
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Business investment in Britain fell in annual terms for the first time in three years in the first quarter amid uncertainty around a vote on the country’s European Union membership. The Office for National Statistics confirmed the economy slowed in the January-March period, rising by a quarterly 0.4 percent as expected in a poll, and […]
READ MORESterling boosted by yet another positive poll
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 24, 2016
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Sterling rose against the euro and the dollar this morning, boosted by a poll that showed the “Remain” camp was well ahead over their “Leave” rivals with a month to go before a vote on Britain’s future in the European Union. On Monday, sterling started the week on a shaky note after warnings from Prime […]
READ MORELatest brexit polls show neck & neck
- Posted by Shyam Gokani in Uncategorised
- May 4, 2016
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Sterling slipped again this morning, having recorded its biggest one-day fall against the dollar for six weeks in the previous session after a poll showed the campaign for Britain to leave the European Union neck-and-neck with the campaign to stay in. The poll helped drive down the pound by about 1 percent versus the greenback, […]
READ MOREEuro GDP stronger than expected
- Posted by Shyam Gokani in Uncategorised
- April 29, 2016
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Sterling continues to climb versus the dollar, returning towards 12-week highs against a U.S. currency pegged back by expectations that the Federal Reserve is unlikely to raise interest rates any time soon. Gains in the pound were capped, though, after a YouGov poll for the Times showed opponents of Britain’s European Union membership edging into […]
READ MOREPound drops off due to latest polls
- Posted by Shyam Gokani in Uncategorised
- April 28, 2016
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Sterling rose against a weaker dollar on Thursday, advancing towards 12-week highs against a U.S. currency pegged back by expectations that the Federal Reserve is unlikely to raise interest rates any time soon. Still, gains in the pound are likely to be capped after a fresh YouGov poll for the Times showed that those campaigning […]
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