The week ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 12, 2018
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Over the weekend, amid speculation that the Bank of England could raise interest rates as soon as May, Chief Economist Andy Haldane said that there is “no rush” to tighten policy further. Bank of England speakers are the key focus today in an otherwise quiet calendar. Following last week’s hawkish signals from the Bank of […]
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Bank of England to raise rates
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 9, 2018
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The Bank of England said yesterday it was likely to raise interest rates sooner and by more than it thought only three months ago. The BoE’s rate-setters gave themselves time to assess how Britain is coping with the approach of Brexit by voting unanimously to hold Bank Rate at 0.5 percent, as expected. Governor Mark […]
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UK economy grew 0.5% in the fourth quarter
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 26, 2018
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The pound rose today as traders looked to fourth-quarter economic growth numbers due later to see if Britain’s economy is proving more resilient than expected, which could help sterling extend its recent rally. Sterling gained 0.7 percent to trade at $1.4236, but below the $1.4346 mark it notched up on Thursday when a broad dollar […]
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May’s reshuffle was a shambles
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 9, 2018
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British Prime Minister Theresa May’s leadership team shake-up, designed to restore her authority and address divisions over Brexit, was branded a shambles after one minister quit and media reported another had refused to move jobs. May had hoped to reset her agenda and strengthen her hand as Britain moves to the second phase of talks […]
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Dollar weakens while Euro gains
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 3, 2018
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Sterling held near a three-month high of $1.36 today, as traders paused ahead of a survey of Britain’s construction sector. the pound was trading flat amid broad general dollar weakness after recording its best annual performance against the dollar last year since 2009, with an almost 10 percent rise. A purchasing managers’ index (PMI) for […]
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Mark Carney speaks at lunchtime
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 20, 2017
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The FTSE 100 is called to open flat to slightly lower this morning following the overnight performances on Wall Street and in Asia which saw the US Senate pass the proposed tax reforms but the bill is being sent back to the House of Representatives for a further vote before it can be signed off […]
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The week ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 18, 2017
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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 […]
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UK Wage growth slightly better
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 13, 2017
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Pay growth for British workers quickened slightly in the three months to October but there was another drop in employment, official figures showed, suggesting employers are turning more cautious as Brexit nears. Britain’s economy slowed sharply this year as the 2016 Brexit vote weighed on households and companies, but job creation has largely remained strong […]
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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
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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 […]
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The week ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 11, 2017
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GBPEUR exchange rates hit 1.1490 while GBPUSD exchange rates went above 1.35 on Friday morning following the UK Government managing to sort out the Irish border issues and beginning negotiations for Brexit. These exchange rates lasted around 2 hours until EU officials stated that trade negotiations could not officially begin until Brexit was done (2019) […]
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