Bank of England Raise Rates?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 31, 2017
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Sterling consolidated gains today as the market geared up for a rate rise from the Bank of England this week when investors will analyse the bank’s statement for the future direction of interest rates. With continued Brexit uncertainty and a mixed bag of results for the British economy, the expected rate hike is likely to […]
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Big week ahead for Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 30, 2017
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Britain’s housing market and consumer economy kept most of their momentum last month, lending figures from the Bank of England showed today, leaving the central bank on track to raise interest rates for the first time in more than decade on Thursday. Moreover, with inflation at a five-year high of 3.0 percent and unemployment at […]
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Sterling down slightly against Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 27, 2017
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The British pound slipped against the dollar today, as investors looked cautiously ahead towards a Bank of England policy meeting next week which could see interest rates rise for the first time in over a decade. The market is priced for a hike after BoE rate-setters next meet on Nov. 2, but continued uncertainty over […]
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Brexit continues to drag Sterling down
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 26, 2017
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Sterling climbed to a 9-day high today as strong growth data boosted expectations the Bank of England would raise interest rates next week. Wednesday’s gross domestic product growth for the quarter beat expectations, bolstering the chances of a rate hike after the next BoE meeting on Nov. 2 and fuelling discussions over whether that would […]
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UK 3rd Quarter growth beats estimate
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 25, 2017
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Quarterly gross domestic product growth rose to 0.4 percent compared with 0.3 percent growth in the three months to June 2017, the Office for National Statistics said this morning. A poll of economists had pointed to growth of 0.3 percent. The vast services industry was behind the bulk of Britain’s economic expansion in the third […]
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Brexit negotiations are main sterling driver
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 23, 2017
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Sterling exchange rates have been stuck in limbo due to comments made by EU officials following recent Brexit negotiations- fortunately, Donald Tusk (EU Council President) announced that recent comments made by Michel Barnier about Brexit talks hitting a “Deadlock” were over exaggerated and progression has been made between the UK & EU- Though this progress […]
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Pound hits 2 week low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 20, 2017
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Britain’s pound skidded to a two-week low this morning amid doubts over the outlook for Bank of England interest rate moves and concerns over Brexit. Sterling has been pushed lower this week by a combination of weak data and comments from BoE policymakers that markets have interpreted as dovish. Although investors are pricing in an […]
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UK pay growth lags behind Inflation
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Home, Inflation, Mark Carney, Sterling, UK, Uncategorised
- October 18, 2017
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Sterling got only a temporary boost from data showing British wage growth edged above forecasts this morning, rising briefly against the dollar before dropping off again. British pay growth has lagged behind inflation again, official data showed, but the figures are likely to cement expectations among investors that the Bank of England will soon raise […]
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UK Inflation hits a 5 year high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 17, 2017
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UK inflation rises to its highest level in 5 and a half years last month, according to official data released at 9:30am this morning that could make the Bank of England more likely to raise interest rates next month. Consumer prices last month were 3.0 percent higher than a year ago, the Office for National […]
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Euro drops on stimulus speculation
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 16, 2017
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The euro slipped this morning after posting its biggest weekly rise in a month as traders took profits, though markets were wary of chasing the currency lower before a European Central Bank policy meeting next week. With some political uncertainty in the form of an approaching deadline over Catalonia’s bid for independence and Austria’s election […]
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