Sterling On A Decline
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, EUR, GBP, Mark Carney, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 14, 2020
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On Monday the pound fell by 0.5% to two and a half week lows against the dollar as poor economic figures increased the chances of the Bank of England cutting their interest rates. With the UK’s industrial production coming in lower than forecasted and the monthly GDP for November showing that the British economy has […]
READ MOREPound Dropped Off After Carney Comments
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, EUR, GBP, Mark Carney, No Deal, Sterling, UK, Uncategorised
- January 10, 2020
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Yesterday the British Pound fell to a two-week lows as the head of the BoE Mark Carney stated that an interest-rate cut could still be on the horizon. Carney said in his speech on Thursday morning that the central bank was debating the uses of near-term stimulus, adding that a Brexit uncertainty was still present […]
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Brexit Talks Begin
- Posted by currencies in Bremain, Brexit, Currency, Dollar, EUR, GBP, No Deal, Sterling, UK, Uncategorised
- January 9, 2020
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UK Prime Minister Boris Johnson and European Commission President have commenced trade talks which has led to Sterling strength in the region of 0.5% against the Euro and 0.3% against the USD. The future relationship between the EU and UK will now be the key driving factor for the single currency in the coming months. […]
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Positive Start For Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- January 7, 2020
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This Morning the pound has started on the right foot and has strengthened against most major currencies. That’s in part because the pound got a boost following the latest UK services PMI, which came in at 50.0 against the 49.1 expected and the 49.0 seen the previous month. A much-needed bit of positivity for the […]
READ MOREManufacturing PMI fall to lowest since 2012
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, GBP, Sterling, UK, Uncategorised
- January 3, 2020
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British factory output fell in December at the fastest rate since 2012 as a tepid global economy hurt demand and businesses further reduced stocks of goods they had built up in case of a no-deal Brexit, a survey showed. The output gauge in the IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 45.6 […]
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New Year, Same Brexit!
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- January 2, 2020
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Boris Johnson said he would bring his divided nation back together when Britain leaves the European Union, telling Britons they were set for a “fantastic year and a remarkable decade”. Fresh from winning a large parliamentary majority in an election, Johnson said in a New Year’s message that his first job was to ensure Brexit […]
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Sterling drops 3.3% since Election Night
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Sterling, UK, Uncategorised
- December 19, 2019
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The pound was on track for its biggest two-day fall in nearly two years yesterday as concerns rose that Britain could still crash out of the European Union without a trade deal in place at the end of a transition period in Dec. 2020. Prime Minister Boris Johnson’s government on Tuesday ruled out an extension […]
READ MOREPound tumbles after hard Brexit fears resurface
- Posted by currencies in Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- December 18, 2019
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Britain’s pound tumbled , erasing its post-election gains, after news that Prime Minister Boris Johnson planned to take a hard line in Brexit talks with the European Union dashed hopes of an end to Brexit uncertainty. In his boldest move since winning a large majority in last Thursday’s election, Johnson will use the prospect of […]
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Rates Steady After TV Debate
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 20, 2019
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Sterling was slightly weaker against the dollar and largely flat versus the euro this morning, showing little immediate reaction to a debate between the leaders of Britain’s two main political parties ahead of next month’s election. Prime Minister Boris Johnson doubled down on his Brexit promises, saying only he could take Britain out of the […]
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Sterling Stays Steady
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Retail Sales, Sterling, UK, Uncategorised
- November 14, 2019
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Sterling kept within its recent trading range this morning, but this week could prove its second best so far this month as expectations that the Conservative Party may win a majority in the Dec. 12 national election fuel investors’ optimism. British Prime Minister Boris Johnson’s Conservatives have a 10-point lead over the main opposition Labour […]
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