May 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 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 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 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 MOREEconomy slows but not as much as expectations
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Referendum, Retail Sales, Sterling, UK
- October 27, 2016
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Britain’s economic growth slowed only slightly in the three months after the Brexit vote, official data showed this morning defying warnings of a heavy hit and further diminishing the likelihood of the Bank of England cutting rates next week. The economy grew by 0.5 percent in the July-September period, less rapid than the unusually strong […]
READ MORESterling drops after May’s Brexit comments this weekend
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Retail Sales, Sterling, UK
- October 3, 2016
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Sterling slid to a three-year low against the euro and a three-month low versus the dollar this morning, after a March deadline was set for the start of the formal process that will split Britain from the European Union. Britain’s Prime Minister Theresa May told her Conservative party’s annual conference on Sunday that she was […]
READ MORESterling slips against Dollar
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Referendum, Retail Sales, Sterling, UK
- August 30, 2016
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Sterling slipped back towards $1.30 on Tuesday on divergent expectations for monetary policy, with investors increasingly betting U.S. interest rates could rise by year-end while British rates may be cut again. With London markets closed on Monday for a national holiday, Tuesday marked the first full day of trading there since U.S. Federal Reserve Chair […]
READ MORESterling nears 3 week high
- Posted by Shyam Gokani in Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Retail Sales, Sterling, UK
- August 25, 2016
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Sterling traded close to a three-week high against the dollar today and was on track for its best week in six, with worries over the economic impact of Britain’s vote to leave the European Union easing a little after recent better-than-expected data. The pound was also on track for its best week in six weeks […]
READ MORESterling up this morning
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Referendum, Retail Sales, Sterling, UK
- August 22, 2016
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Sterling inched up on today after registering its strongest week in five against the dollar, as a run of robust economic data suggested Britain’s economy was faring better than expected following its vote to leave the European Union. The pound was boosted last week after inflation and retail sales numbers for July beat forecasts, adding […]
READ MORESterling could drop further this Thursday
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Referendum, Retail Sales, Sterling, UK
- August 2, 2016
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The monthly survey of purchasing managers in the construction sector inched down to the lowest reading since June 2009, well into contraction territory. However, the result was better than all forecasts in a poll of economists. The numbers nevertheless provide another sign that Britain’s economy is at risk of recession after June’s vote to leave […]
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