Sterling falls further
- Posted by Shyam Gokani in Bank of England, Currency, Dollar, Economy, EUR, Sterling, UK
- July 11, 2016
- No Comments
Sterling fell this morning, edging back towards last week’s 31-year low against the dollar on expectations that the Bank of England will ease monetary policy in response to Britain’s shock vote to leave the European Union. The BoE, which meets on Thursday, expects the economy to suffer a material slowdown because of the uncertainty caused […]
READ MORESterling steadies but more weakness on the cards
- Posted by Shyam Gokani in Bank of England, Bremain, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 8, 2016
- No Comments
Sterling steadied this morning less than two U.S. cents away from a 31-year low, having put in its worst three-weekly performance since the currency’s 1992 crisis, following Britain’s shock vote to leave the European Union. Most currency pairs were trading in tight ranges ahead of a U.S. non-farm payrolls report due at 1330 – one […]
READ MORESterling stays below 1.30 against US Dollar
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 7, 2016
- No Comments
Sterling steadied on Thursday after two more days of nerves over the fallout of Britain’s vote to leave the European Union drove it below $1.30 for the first time in more than three decades. Analysts and traders remain convinced more weakness in the pound is on the cards, with some predicting a fall to the […]
READ MORESterling takes major hit as markets open today
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 5, 2016
- No Comments
Sterling hit a fresh 31-year low against the dollar in risk-averse markets on Tuesday, as investors worried about the economic and financial fallout of Britain’s vote to leave the European Union. The pound, the asset that has borne the brunt of market concerns about the economic impact of the vote, slid 1.3 percent on Tuesday […]
READ MOREPound volatility continues as no clear outloook
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 4, 2016
- No Comments
Britain’s pound traded flat this morning, rooted just over a cent off last week’s lows against the dollar and threatened by a round of data that may give the first clues to any post-Brexit vote weakening of the UK economy. While June’s PMI surveys of sentiment among company purchasing managers will be largely discounted as […]
READ MORESterling up – 3 days in a row
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- June 30, 2016
- No Comments
Sterling climbed for a third day today, but traded in tight ranges as investors waited for new developments on Britain’s shock decision to leave the European Union, which sent the currency to a 31-year low. The pound tumbled almost 8 percent last Friday, the steepest daily decline in the post-1973 floating-exchange-rate era, after the result […]
READ MOREUK Credit Ratings Cut by S&P and Moodys
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 28, 2016
- No Comments
Higher-yielding, riskier currencies such as the Australian dollar rose along with sterling on Tuesday on hopes of a more coordinated central bank response to stem steep losses in markets after Britain’s vote to leave the European Union. Safe-haven currencies such as the yen and the Swiss franc, which had gained sharply since last Thursday’s vote, […]
READ MORESterling hits 31 year low
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 27, 2016
- No Comments
British 10-year government borrowing costs sank below 1 percent on Monday for the first time ever and sterling tumbled to a fresh 31-year low against the dollar as investors bet Britain’s vote to leave the EU will trigger a Bank of England rate cut. Billions of pounds were wiped off the value of British financial […]
READ MOREVote Day is here. How will you vote??
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 23, 2016
- No Comments
Sterling advanced to a 2016 high against the dollar on Thursday after the last sweep of opinion polls favoured Britain remaining in the European Union, just as voting got underway. Polls by ComRes, conducted for the Daily Mail newspaper and ITV television, and by YouGov for The Times newspaper in London, showed a last-minute rise […]
READ MORETomorrow is the biggest day for the UK!
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 22, 2016
- No Comments
Sterling rose today, moving back towards a 5-1/2-month high against the dollar, as investors cut bets against the pound just a day before Britain votes on whether to remain in the European Union. Tomorrow While opinion polls suggested the vote on Thursday was too close to call, the implied probability of a vote to remain […]
READ MORE
