Economy Grows Slightly Slower Than Expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 28, 2018
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Sterling fell this morning after data showed that British companies had cut their investment in the second quarter of 2018 and the economy grew slightly slower than previously thought. The pound had already been under pressure as investors’ optimism for a Brexit trade deal has declined ahead of the ruling Conservative party’s annual conference next […]
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Second Referendum?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 24, 2018
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Sterling has plummeted, driving the U.S. dollar up, after British Prime Minister Theresa May said the European Union must supply an alternative Brexit proposal, saying talks had reached an impasse after the bloc’s leaders had rejected her plans without fully explaining why. The pound dropped as much at 1.5% at the end of last week, […]
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May’s Chequers Plan Branded A Joke
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 21, 2018
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Prime Minister Theresa May’s Brexit proposals were declared dead by the British media today after what they cast as a humiliation at the hands of European Union leaders at an informal summit in Salzburg. After a dinner of Wiener schnitzel in Salzburg, EU leaders said they will push for a Brexit deal next month but […]
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UK Wage Data Comes In Strong
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 11, 2018
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UK Pay growth picked up faster than expected to a rate that has not been exceeded in three years, as businesses found it harder to recruit staff, official figures showed this morning. Average weekly earnings excluding bonuses rose by 2.9 percent on the year in the three months to July, the fastest since March and […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 7, 2018
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Sterling edged slightly higher this morning but was set for its biggest weekly drop in three weeks as traders consolidated positions before monthly U.S. jobs data and as broader trade tensions dominated sentiment. The British currency has had a volatile week as headlines on the progress of Brexit negotiations forced traders to unwind positions in […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 29, 2018
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With few prospects now of a deal on Britain’s future EU ties in time for the EU’s October summit, any clues that Brexit Minister Dominic Raab can give in parliament today on its timing will be scrutinised. He will appear at a rare mid-recess session of the upper house’s EU Committee as concerns mount that […]
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Government Step Up Planning For A No-Deal Brexit
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 23, 2018
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Sterling fell again this morning as the government stepped up planning for a no-deal Brexit, reviving concern among investors about what would happen to the currency if Britain left the European Union without having agreed new trade arrangements. With less than eight months until the March 29 exit day, diplomats in Brussels say they expect […]
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Sterling Weakness Continues
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 9, 2018
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The likelihood Britain crashes out of the European Union without a trade deal has increased, an outcome that would hurt an already weak pound, according to economists and foreign exchange strategists. Bank of England Governor Mark Carney said on Friday Britain faces an “uncomfortably high” risk of leaving the EU with no deal, while on […]
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Will UK Raise Rates This Week?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 1, 2018
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The Bank of England should raise interest rates this week but also tell the public it will be ready to make a U-turn if Brexit talks sour or trade tensions with the United States escalate. The National Institute of Economic and Social Research (NIESR) stuck to its forecast for British economic growth of 1.4 percent […]
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UK Manufacturing beats expectations
- Posted by currencies in Uncategorised
- July 2, 2018
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In Europe, political risks are one of the themes this week. Germany’s CSU leader and interior minister, Horst Seehofer, offered to resign after the migration deal at the EU summit last week. Chancellor Merkel is due hold an emergency meeting with him today. In the UK, the focus will be on the Chequers Cabinet meeting […]
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