Sterling Gains Against Euro & Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 13, 2017
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Sterling crept back towards $1.2950 against a weaker dollar on today, building on the previous day’s gains after marginally better than expected labour market data kept bets for a tightening of Bank of England policy on the table. BoE policymaker Ian McCafferty told The Times newspaper this morning that the central bank should consider unwinding […]
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Jobless rate at a 42 year low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 12, 2017
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British workers saw their pay and bonus growth fall further behind inflation in the three months to end-May, data showed today, but the jobless rate hit a 42-year low. The duel reports will complicate the debate among Bank of England officials over the need for higher interest rates. Sterling bounced against the dollar after official […]
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UK Data Disappoints Again
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- July 4, 2017
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Growth in Britain’s construction industry slowed in June, adding to signs that the economy might be struggling to regain much momentum after a lacklustre start to the year, a survey showed on this morning. The Markit/CIPS UK Construction Purchasing Managers’ Index fell to 54.8 from May’s 18-month high of 56.0, slightly below the median forecast […]
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50% chance of a UK rate rise
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- July 3, 2017
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The pound recorded its best weekly performance against the dollar in almost eight months last week. It climbed almost 2.5 percent to reach as high as $1.3030 after BoE Governor Mark Carney said a rate rise was likely to be needed as the economy came closer to running at full capacity, and that the Bank […]
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What will affect Sterling this week?
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- June 26, 2017
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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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UK Earnings drop at fastest pace since 2014
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- June 14, 2017
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British workers’ earnings after inflation contracted at the fastest pace since 2014 in the three months to April, underscoring the growing Brexit squeeze facing many households, official data showed this morning. The figures showed the challenge facing Prime Minister Theresa May and her new government, with signs that households are feeling the strain of rising […]
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Sterling will stay under pressure
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- June 12, 2017
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Sterling gave back early gains against the dollar to trade flat today, back under pressure after British general elections that yielded no clear majority for any party and threatened to undermine Brexit talks later this month. Prime Minister Theresa May reappointed most of her ministers on Sunday but brought a Brexit campaigner and party rival […]
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Sterling Crumbles!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 9, 2017
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Sterling tumbled as much as 2.5 percent on Friday, while the FTSE share index opened higher, after British voters denied any party a majority of seats in parliament, plunging the country into political chaos days before the start of Brexit talks. With no clear winner emerging from Thursday’s election, Prime Minister Theresa May was fighting […]
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Sterling Fully focused on election
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 1, 2017
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Prime Minister Theresa May could lose control of parliament in Britain’s June 8 election, according to a projection by polling company YouGov, raising the prospect of political turmoil just as formal Brexit talks begin. The YouGov model suggested May would lose 20 seats and her 17-seat working majority in the 650-seat British parliament, though other […]
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Sterling Slips After Manchester Terror Attack
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- May 23, 2017
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The pound slipped on Tuesday following a suicide bombing attack at an Ariana Grande concert at Manchester Arena, the most deadly attack in the UK in a decade. Police raised the death toll to 22 and said children were among those killed. A total of 59 people were left injured in the blast. Sterling slipped […]
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