The week ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 18, 2017
- No Comments
Last week ended negatively for the Pound, even though the UK and EU are now moving to the next phase of negotiations- the fact that this next phase will be more “testing” than the first has caused the Pound to be sold off as investors are still not confident. Another major event last week was […]
READ MORE
UK Retail Sales up
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 14, 2017
- No Comments
The pound hit daily highs after data showing that UK retail sales rose at a far faster pace than expected last month as investors await the outcome of the Bank of England’s monetary policy meeting later in the day. Retail sales jumped 1.1% in November, up from 0.5% in October and well ahead of economists’ […]
READ MORE
UK Inflation hits a 6 year high!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 12, 2017
- No Comments
This week will be all about the central banks. Three major institutions will have their interest rate decisions: FED, ECB, and BoE. From that three, only in the US, we should see some changes. However, the BoE will be under pressure to raise rates again early next year as this morning’s data shows UK inflation […]
READ MORE
Pound drops on Brexit uncertainty
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 6, 2017
- No Comments
Sterling dropped to 8-day lows yesterday as investors and analysts are very sceptical in regard to Prime Minister Theresa May being able to agree a deal with the EU in the coming week. If there is a failure to agree on terms we could see us in this same position come February, this would add […]
READ MORE
Pound gains against a weakening Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 21, 2017
- No Comments
The euro continues to weaken this morning, continuing from yesterday’s biggest fall in nearly a as investors shrugged aside concerns of any fallout from the German political deadlock for now. Elsewhere, the dollar stuck close to a one-week high against a basket of currencies. The U.S. data calendar is relatively sparse ahead of the Thanksgiving […]
READ MORE
UK Wage Data Released
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 15, 2017
- No Comments
This morning we have had a lot of data released surrounding wage growth, claims and unemployment rates in the UK. The results of the data showed us that a number of people in the UK working actually dropped to a level lower than we have seen in the last 2 years. This shows the pressure […]
READ MORE
Pound suffers due to parliament uncertainty
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 13, 2017
- No Comments
Sterling dropped off this morning after media reports on the weekend that Theresa May is struggling with her party at a time when Brexit talks are at a critical point. The pressure on the pound came as it was said the 40 members of parliament have no confidence in the prime minister and this could […]
READ MORE
Dollar gains across the board
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 7, 2017
- No Comments
Sterling recouped some losses on Monday after slipping against for three consecutive weeks, but any strong gains were checked by continued uncertainty around Brexit talks and instability in the governing Conservative party. Investors are monitoring the negotiations around Britain’s future relationship with the European Union for the impact not only on business confidence and economic […]
READ MORE
Big week ahead for Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 30, 2017
- No Comments
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 […]
READ MORE
Sterling down slightly against Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 27, 2017
- No Comments
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 […]
READ MORE
