Pound shoots up across the board


Pound shoots up across the board

Sterling shot to a fresh post-Brexit-vote high of $1.41 today, extending a recent rally that has seen confidence in the British currency recover. The pound climbed as much as 0.6 percent, its highest level since Britain’s vote to leave the European Union in June 2016. Against the euro, the pound was up 0.3 percent at […]

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Downbeat UK Retail Sales

The recent pound gains against the U.S. dollar were trimmed this morning, after the release of downbeat UK retail sales dampened optimism over the strength of the economy, although overall weakness in the greenback kept the pair near one-and-a-half year highs. The pound weakened after data this morning showed that UK retail sales declined much […]

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Morning Report

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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Sterling slips off this morning

The British Pound became one of the worst performing majors this morning in the early trading session as more sour news related to the UK crossed the wires. Earlier on Wednesday, the IMF downgraded its prediction for economic growth in this country to 1.6% this year from 1.7%. GfK consumer confidence clocked in at -13 […]

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Sterling is the worst performing major currency

The British Pound became one of the worst performing majors during today’s early trading session as more sour news related to the UK crossed the wires. Earlier on Wednesday, the IMF downgraded its prediction for economic growth in this country to 1.6% this year from 1.7%. GfK consumer confidence clocked in at -13 in December […]

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UK Retail Sales up

The pound hit daily highs after data showing that UK retail sales rose at a far faster pace than expected last month as investors await the outcome of the Bank of England’s monetary policy meeting later in the day. Retail sales jumped 1.1% in November, up from 0.5% in October and well ahead of economists’ […]

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Pound – Biggest fall since start of November

Good Morning All, This morning we have seen the pounds biggest fall since the start of November due to very disappointing news around Brexit talks. Sterling fell over 0.7% against the Dollar and the Euro. Prime Minister Theresa May failed to clinch a deal on Monday to open talks on post-Brexit free trade with the […]

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Dollar weakens – UK GDP as expected

The dollar is currently at a one-month low against other major currencies today, as the minutes of the Federal Reserve’s most recent policy meeting continued to weigh on the greenback. Trade volumes were expected to remain thin ahead of the today’s U.S. Thanksgiving holiday. The greenback weakened after the minutes of the Fed’s latest meeting […]

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Pound hits a 2 and a half week high

The pound was up this morning hitting a 2 and a half week high against most currencies, due to the Brexit news over the weekend being interpreted as positive, Germany election shambles and the US investigations. Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit […]

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Dollar gains across the board

Sterling recouped some losses on Monday after slipping against for three consecutive weeks, but any strong gains were checked by continued uncertainty around Brexit talks and instability in the governing Conservative party. Investors are monitoring the negotiations around Britain’s future relationship with the European Union for the impact not only on business confidence and economic […]

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