Thursday is key for the Euro
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- December 6, 2016
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The euro held steady near a 3-week high today while bets on market volatility stayed close to their highest since June’s Brexit vote ahead of this week’s European Central Bank meeting due to give new guidance on its quantitative easing programme. Other major currency pairs were all trading in a tight range after a rollercoaster […]
READ MOREEuro drops due to Italian Referendum result
- Posted by Shyam Gokani in Uncategorised
- December 5, 2016
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The euro rebounded from 21-month lows today, clawing back almost all the ground it had lost overnight after Italian Prime Minister Matteo Renzi conceded defeat in a referendum on plans to reform the country’s constitution and said he would resign. The single currency tumbled as much as 1.4 percent in Asian trade, its weakest since […]
READ MOREConstruction PMI stronger than expectations
- Posted by Shyam Gokani in Uncategorised
- December 2, 2016
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Growth in Britain’s construction industry unexpectedly touched an eight-month high in November, but its costs rocketed at the fastest pace since 2011, fuelled by sterling’s slump after the June vote to quit the European Union, a survey showed earlier this morning. The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) edged up to 52.8 from 52.6 […]
READ MOREPound gains across the board this morning
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Inflation, Retail Sales, Sterling, UK
- December 1, 2016
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Sterling held firm this morning, having recorded its best month of gains against the dollar since March and its best month against the euro since 2009. This morning the Purchasing Managers Index dipped to a four-month low of 53.4 from 54.2 in October, remaining above the 50-mark dividing expansion from contraction. Economists had forecast a […]
READ MOREUK Consumer confidence falls
- Posted by Shyam Gokani in Uncategorised
- November 30, 2016
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Sterling steadied in the middle of a 3-cent range it has held for most of the past month this morning. Confidence among British consumers fell in November to its lowest level since just after voters decided in June to leave the European Union, the regular survey by market research firm GfK showed today. Investors were […]
READ MORESterling falls as euro gains ahead of Draghi speech
- Posted by Shyam Gokani in Uncategorised
- November 28, 2016
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Sterling touched a two-week high against the dollar but slid back against the euro this morning, with the day’s focus likely to be European Central Bank chief Mario Draghi’s testimony in the European Parliament. With 10 days until a policy meeting long expected to signal the pace of quantitative easing next year, Draghi’s comments have […]
READ MOREBudget drives sterling higher
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK
- November 24, 2016
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Sterling surged to a 10-week high against the euro and resisted the dramatic falls against the dollar suffered by other major currencies after a UK budget read as doing more than had been expected to bolster growth in years to come. At the heart of the sterling rally was a rocketing of long-dated gilt yields […]
READ MOREPound boosted by PM comments
- Posted by Shyam Gokani in Uncategorised
- November 22, 2016
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Sterling surged more than a cent against the dollar yesterday and to its highest since early September versus the euro as the market processed Prime Minister Theresa May’s latest hints on the possible shape of Britain’s exit from the European Union. Speaking to business leaders on Monday, May pledged to address concerns that Britain could […]
READ MOREPound boosts after positive Retail Sales this morning
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Retail Sales, Sterling, UK
- November 17, 2016
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British retail sales surged in October, as colder weather boosted clothing sales and supermarkets cashed in from Halloween, lifting annual sales growth to its highest in more than 14 years. This morning; official data reinforce the robust picture of health given by British consumers since June’s vote to leave the European Union, even if the […]
READ MOREUS Election day today – Volatility in the Dollar expected
- Posted by Shyam Gokani in Uncategorised
- November 8, 2016
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Sterling rose this morning in early trade against a nervous dollar as the perceived status quo candidate Hillary Clinton and Donald Trump approached the finishing line in a tight presidential election race. The pound rebounded 0.3 percent, having lost ground on Monday when the dollar surged on a polling boost for Democrat Clinton after the […]
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