Sterling continues to be volatile ahead of Thursday
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 8, 2018
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GBP dropped off today as many investors have continued to off-load the pound ahead of the Bank of England meeting this Thursday when the central bank is expected to keep interest rates on hold, and as worries about Brexit negotiations resurface. Tensions within Britain’s governing Conservative party over how to agree terms of exit from […]
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ECB Meeting Today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 26, 2018
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The main economic event today is the ECB policy announcement at 12:45BST, followed by the press conference with President Mario Draghi at 13:30BST. No changes to interest rates or the asset purchase programme (€30bn/month) are expected. At the last meeting in March, the ECB removed its easing bias on asset purchases but kept the end […]
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Sterling hits fresh lows against the dollar
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 24, 2018
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Sterling dropped to its lowest since level since the middle of March, its sixth consecutive daily fall as investors are worried about the performance of the British economy. April has historically proved to be supportive for the pound because of a seasonal rise in capital inflows into Britain from foreign companies paying UK shareholders dividends. […]
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Retail Sales Miss Expectations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 19, 2018
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UK retail sales recorded their biggest quarterly fall in a year during the three months to March. We expected as much as the weather played a big part, keeping consumers at home. Retail sales volumes in March were 1.2 percent lower than the month before. For the first quarter, sales volumes dropped by 0.5 percent […]
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Sterling hits a 9 month high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 13, 2018
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Sterling has continued to gain against the euro, however, this could be affected next week when we have the UK wage data and employment figures released. We believe that wage growth including bonuses may slow slightly whereas the unemployment is expected to be up – both could have a negative impact on the pound. On […]
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Pound hits 7 week highs
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 22, 2018
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The pound to a 7-week high this morning as for the Bank of England meeting at which the central bank is expected to talk up a rate rise in May. The pound, helped by a dollar that weakened overnight following the U.S. Federal Reserve meeting, has rallied this week after the European Union and Britain […]
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Pound continues gains
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 16, 2018
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The pound is poised for its biggest weekly rise in a month against the dollar as investors became cautiously optimistic that Britain would strike a deal at a summit next week over a transition period for its EU exit. While sticking points remain such as a deadlock over the Irish border issue and recent headlines […]
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UK – manufacturing better than expectations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 1, 2018
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Sterling steadied this morning against the dollar after falling this week over worries Britain will not secure a Brexit transition deal, while traders waited for UK manufacturing data. Manufacturing came in higher than expectations of 55.0%. The data showed Manufacturing was up to 55.2% Also, this morning we had the UK Mortgage approvals data which […]
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Sterling Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 1, 2018
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Sterling has climbed more than 5 percent since the start of the year as the U.S. currency has weakened broadly and as investors have become optimistic about Britain’s economy and the prospect of a Brexit deal that is more favourable to the UK. Against the euro, the pound was flat reports that EU officials had […]
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Sterling continues to perform
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 25, 2018
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The euro fell further against the sterling nearing the 1.15 level for the first time in seven months as the British pound’s rally against the dollar this week spread to other currencies. Sterling strengthened, its highest since June 2017, taking its gains to more than 2 percent against the single currency this month. Its gains […]
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