Sterling continues to slide


Sterling continues to slide

Sterling extended the previous two days’ losses today as a struggling retail sector and a widening trade deficit raised concerns among some investors that the currency’s recent gains could be overdone. The British currency fell to a two-week low in early trades, with some market analysts saying the pound’s decline this week opens the door […]

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May’s reshuffle was a shambles

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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Steady Sterling for 2018

The British pound is set to mostly hold steady against both the dollar and the euro this year, but much will hinge on progress in Britain’s talks with Brussels on its withdrawal from the European Union. Currency strategists weren’t brimming with optimism on how the next stage of talks will go, but most do not […]

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Mark Carney speaks at lunchtime

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

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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The week ahead

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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Sterling rises against the Euro before Brexit summit

Last week was relatively positive for Sterling exchange rates after surpassing 1.34 against the U.S Dollar and 1.13 against the Euro. The main reasons for this were instability in the U.S in reference to the new Tax bill by Trump and positive news from Brexit negotiations. The markets reacted positively to the U.K deciding on […]

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UK Manufacturing beats expectations

Sterling got a brief boost on Friday as data showed British factories enjoyed their best month in more than four years in November, suggesting manufacturing will give a boost to the sluggish economy going into 2018. The monthly survey of purchasing managers in the manufacturing sector (PMI) jumped to 58.2 from an upwardly revised 56.6 […]

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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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Sterling outlook is gloomy

The pound was up a little this morning as there are expectations that the Bank of England will eventually tighten their policies thus protecting the pound from the current conservative government. We had seen two resignations from members of the current government in just over a week. This has dented the confidence that the conservatives […]

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