Dollar hits 2 week high


Dollar hits 2 week high

The dollar was trading near two-week highs against a basket of the other major currencies on Tuesday as speculation over who will be the next the chairman of the Federal Reserve continued. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 93.75. President […]

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Brexit negotiations are main sterling driver

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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Euro drops on stimulus speculation

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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Sterling looses ground as Euro gains

The euro climbed to a two-week high today on relief that Catalonia had stopped short of formally declaring independence from the rest of Spain. Sterling was flat on Wednesday after two sessions of gains as doubts emerged on whether entrenched expectations of higher UK interest rates were reasonable given a backdrop of uncertain Brexit negotiations. […]

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Britain’s trade deficit hits a all time high

British factories had their strongest two months of 2017 in July and August, suggesting the Bank of England remains on track to raise interest rates soon, but the deficit in trade in goods hit an all-time high. The data showed Britain’s economy remained in a low-growth gear in the third quarter after suffering its slowest […]

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UK Services slighty above expectations

The PMI showed growth in services activity unexpectedly sped up a little last month, compensating for weaker readings in the manufacturing and construction industries reported earlier in the week. Taking the three sector surveys together, Britain’s economy probably expanded at a quarterly rate of around 0.3 percent in the July-September period, matching its second-quarter performance, […]

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Britain waits on PM’s speech

Sterling traded within a tight range against the dollar today while investors waited for a speech by British Prime Minister Theresa May in which she is expected to try to rescue stalled Brexit talks. Investors will watch to see if May can offer enough to European Union negotiators to persuade them to move talks forward, […]

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Retail Sales Boost Pound

Sterling jumped by almost a cent against the dollar on Wednesday after data showed British retail sales surged unexpectedly in August, increasing pressure on the Bank of England to lift interest rates from their record lows. The numbers showed a sharp pick-up in monthly sales growth to 1.0 percent, the fastest since April and far […]

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Sterling drops off after Carney’s comments

Sterling steadied above $1.35 today, recovering some ground following a nearly 1 percent slide after Bank of England governor Mark Carney said interest rates rises in coming months would be limited and gradual. The pound rose as much as 3.3 percent last week, jumping more than four cents to $1.3618 on the back of hawkish […]

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Sterling hits 15 month high vs US Dollar

Sterling hit a 15-month high against the dollar today before retreating a notch as investors wound back some of last week’s bets on a Bank of England rate rise ahead of a speech by the central bank’s governor Mark Carney. The pound rocketed past $1.36 to its strongest since the Brexit vote on Friday after […]

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