Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- March 28, 2019
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Sterling started the day lower after British Prime Minister Theresa May’s offer to quit failed to convince hard-line opponents to back her Brexit withdrawal agreement, fuelling more uncertainty for the pound in the short term. The British parliament’s bid to agree an alternative plan fell short, leaving the Brexit process as deadlocked as ever. May […]
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Dollar Weakens After Fed Meeting
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, Uncategorised
- January 31, 2019
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The pound steadied this morning as Britain prepared to resume negotiations with the European Union over how to resolve the issue of Irish border arrangements after Brexit. Sterling has strengthened 4 percent this year due to a weaker dollar and expectations that Britain can avoid a no-deal Brexit. Even if May returns from Brussels empty-handed, […]
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UK Budget update today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 13, 2018
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UK Chancellor of the Exchequer Philip Hammond will give his Spring Budget update today. Traditionally a major set-piece event, its importance has now been downgraded. The main Budget statement now takes place in the autumn and it has been promised that this afternoon’s speech will not contain any major changes to tax or spending. Instead, […]
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UK economic growth slows further
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 12, 2018
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British citizens stopped spending as much in February, giving the weakest start to the year since 2012, figures from payments company Visa showed, raising the prospects that the broader economy will slow in the first quarter of 2018. Visa said inflation-adjusted consumer spending in February was 1.1 percent lower than a year earlier, after a […]
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UK Retail Sales expanded 0.1% MoM
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 16, 2018
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Sterling gave away part of its initial gains today following the release of January’s retail sales in the UK. Overall, retail sales volumes rose 0.1 percent on the month, below economists’ forecasts in a Reuters poll for a monthly rise of 0.5 percent, after dropping 1.4 percent in December. Even in year-on-year terms, there was […]
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Dollar Weakens Ahead Of Inflation Data
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 14, 2018
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Sterling strengthened yesterday after data showed British inflation unexpectedly stayed close to its highest levels in six years in January, firming up investors’ bets that the Bank of England will raise interest rates again in May. The BoE surprised financial markets last week by indicating that rates could move up faster than previously expected, as […]
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Dollar Volatility Continues
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 31, 2018
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The dollar came under renewed selling pressure this morning, sliding lower against a basket of major currencies ahead of the Federal Reserve’s policy decision. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.24%. The dollar has come under pressure as it has lost its relative […]
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Sterling looses recent gains
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 30, 2018
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The dollar moved higher against a currency basket of currencies today, buoyed by higher U.S. bond yields as investors turned their attention to U.S. President Donald Trump’s State of the Union speech and a Federal Reserve policy meeting. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was […]
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US Shutdown weakens US Dollar further
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 22, 2018
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The dollar was pinned near a three-year low today as a U.S. government shutdown encouraged investors to add to bearish bets against the greenback while the euro consolidated recent gains. Unless the U.S. government shutdown ends very quickly which may boost the dollar, markets are focusing on the two other economies this week, namely the […]
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Morning Report
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 8, 2018
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British house prices unexpectedly fell in December compared with November, their first decline in six months, mortgage lender Halifax said on Monday, adding to signs of weakness in the country’s housing market since the 2016 Brexit vote. British Prime Minister Theresa May said that she would announce changes to her ministerial team soon, with media […]
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