Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, Rate Cuts, Sterling, UK, Uncategorised
- March 9, 2020
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GBP conceded its fourth consecutive weekly loss against the EUR last week due to a combination of pessimistic Brexit Talks and increasing concerns surrounding the Coronavirus. The EUR has been the best performing currency over the past 7 days, mainly due to “carry trades” between the EUR & USD. Expectations suggest this could also happen […]
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Pound Plummets
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 27, 2020
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GBP The Pound fell due to renewed speculation of a delay of the March budget which comes in addition to mounting coronavirus concerns and is further encouraging markets to price in a Bank of England rate cut in the coming months. The government could now put off plans to increase its spending due to uncertainty […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 24, 2020
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Sterling rebounded towards the end of last week due to better than expected Retail Sales in January. The main factor behind the increase was the horrendous weather in the UK most likely prompting consumers to panic buy essentials. Moving forward this could contribute to an improvement in UK Inflation figures which is a key focus […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 27, 2020
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On Friday we saw the UK’s PMI data come out stronger than what traders were expecting, this has now reduced the chances of a Bank Of England interest rate cut on Thursday. The Bank Of England’s meeting this week is going to be the main event the markets will have their eyes on, it is […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, Fed, GBP, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- January 24, 2020
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ECB left policy and guidance unchanged at today’s meeting. the European central bank’s new President Christine Lagarde reaffirmed that the current performance of the EU economy justifies the need for negative interest rates. The euro was 0.32% lower against the US Dollar at 1.1055, dropping as 1.1037, its weakest it has been since December 2nd. […]
READ MORESterling 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 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 […]
READ MORERates 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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Big week Ahead For Brexit
- Posted by currencies in Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- October 7, 2019
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The pound in early London trading today as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal. British lawmakers have passed a law requiring Prime Minister Boris Johnson to seek a delay to Brexit if the UK cannot agree a withdrawal deal by Oct. 19. […]
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