Pound Gains Against Euro & Dollar
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- February 8, 2017
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The British pound steadied around $1.25 this morning after a series of swings a day earlier driven by competing signals on the outlook for growth, interest rates and Britain’s withdrawal from the European Union. Kristin Forbes, an external member of the BoE’s Monetary Policy Committee, said in remarks published on Tuesday that the Bank should […]
READ MOREPM’s Brexit Bill Faces Challenges In Parliament
- Posted by Shyam Gokani in Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 7, 2017
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Sterling hit a one-week low against the dollar as Prime Minister Theresa May faced challenges over her legislative plan for taking Britain out of the European Union. A three-day debate on a law giving May the right to trigger Brexit began on Monday and will be followed by a series of votes on whether to […]
READ MORESterling Fall Continues To Hurt UK Companies
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 6, 2017
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Sterling’s sharp fall against the U.S. dollar and Euro since June’s Brexit vote has so far hurt almost as many exporters as it has aided, the British Chambers of Commerce said this morning. A cheaper currency normally helps exporters in the medium term, but the BCC said that currency weakness was proving a double-edged sword […]
READ MORESterling Slips For Second Day
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 3, 2017
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Sterling fell another 0.4 percent this morning after a fall in a closely-watched services sector indicator reawakened concerns over the impact of last year’s Brexit vote on a previously resilient economy. The drop in the monthly index of service sector purchasing managers was its first since October and followed small drops in the construction and […]
READ MORESterling/Dollar Traded Above 1.27
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- February 2, 2017
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Sterling rose to trade above $1.27 for the first time in seven weeks against the dollar, as investors awaited a Bank of England quarterly report that is expected to upgrade its growth and inflation forecasts. The central bank will probably try to avoid adding to speculation about a first interest rate hike in nearly a […]
READ MOREMay Visits Trump
- Posted by Shyam Gokani in Brexit, Currency, Dollar, Economy, EUR, Prime Minister, Sterling, UK
- January 27, 2017
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Prime Minister Theresa May called on President Donald Trump on Thursday to renew the “special relationship” between Britain and the United States and lead in a new, changed world. In the United States for what will be Trump’s first meeting with a foreign leader since he took office last week, May signaled a shift in […]
READ MOREMay Must Get Parliament Approval For Brexit Negotiations
- 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
- January 24, 2017
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The Supreme Court ruled this morning that Prime Minister Theresa May must get parliament’s approval before she begins Britain’s formal exit from the European Union. The UK’s highest judicial body dismissed the government’s argument that May could simply use executive powers known as “royal prerogative” to invoke Article 50 of the EU’s Lisbon Treaty and […]
READ MORESterling Makes Biggest Gains This Morning
- Posted by Shyam Gokani in Brexit, Currency, Dollar, Economy, GBP, Prime Minister, Sterling, UK
- January 23, 2017
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Sterling was the biggest gainer among developed-market currencies this morning, hitting a five-week high, as investors bet the Supreme Court would on Tuesday rule the British government needs parliamentary approval to trigger formal Brexit talks. British Prime Minister Theresa May has said she will trigger Article 50 of the EU’s Lisbon Treaty – the formal […]
READ MOREThursday 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 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 […]
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