Euro lowers after French Election fears


Euro lowers after French Election fears

The euro edged lower this morning, pressured by nervousness over the upcoming French presidential elections as investors took stock of recent polls showing a tightening race. The campaign is being closely followed by investors, as one contestant — the far right Marine Le Pen — has threatened to pull France out of the European Union […]

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Disappointing UK Data

The pound fell against the dollar and euro this morning, after the release of disappointing U.K. manufacturing production data, while investors awaited a key report on U.S. employment due later in the day. The U.K. Office for National Statistics said manufacturing production fell 0.1% in February, compared to expectations for a gain of 0.2% and […]

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Euro suffers after Draghi comments

Sterling should have a relatively quiet day with no economic data due today. However tomorrow could be a very key day with Industrial and Manufacturing Production, Trade Balance data along with GDP estimate. Finally, with Mark Carney speaking, will he again hint at a UK rate rise? We could see movement in the markets, if […]

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Pound gains after strong PMI data

Sterling jumped almost half a cent against the dollar on Wednesday after a survey of Britain’s dominant services sector showed activity at a three-month high in March and beating all forecasts in a Reuters poll. The Markit/CIPS Services Purchasing Managers’ Index (PMI), a closely watched gauge of Britain’s services sector, rose to 55.0 in March, […]

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Sterling falls against Dollar & Euro

Sterling slipped against the dollar, euro and yen today, kept under pressure by uncertainty over the terms of Britain’s exit from the European Union and by doubts over how soon the Bank of England will start raising interest rates. For sterling, political risk has been in the driving seat for nine months, with the currency […]

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UK Manufacturing Looses Pace

Sterling slipped this morning after data showed British manufacturing lost momentum last month, the latest sign the economy may be running out of steam after its surprising resilience in the wake of last year’s Brexit vote. Financial data company Markit’s purchasing managers’ index (PMI) survey suggested growth in the sector had slowed in the first […]

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UK GDP as expected

Sterling slipped against the dollar again, as investors readied for the European Union’s official response to Britain’s letter of exit from the bloc, as well the final verdict on Britain’s economic output last year. EU Council President Donald Tusk will send leaders of the other 27 member states his proposed negotiating guidelines for Brexit talks […]

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Article 50 : We wait for the EU response

Sterling fell against the dollar, as investors awaited responses from European leaders and considered the forthcoming negotiations between Britain and the European Union, a day after Britain triggered its exit from the bloc. Yesterday, Prime Minister Theresa May formally began to take Britain out of the European Union in a divorce that will test the […]

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We trigger Article 50 today

Sterling slipped to an eight-day low against the dollar today, just hours before Prime Minister Theresa May was due to trigger two years of negotiations to take Britain out of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk that the UK really is quitting the […]

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What will happen to Sterling once we trigger Article 50

Sterling traded within a tight range today, outperforming other major peers against the dollar, apparently disregarding Britain’s looming formal launch of negotiations on leaving the European Union. British Prime Minister Theresa May will trigger Article 50 of the EU constitution with a formal notification of Britain’s intent to leave the bloc tomorrow, kicking off a […]

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