UK Jobs Data Lower Than Forecast
- Posted by Shyam Gokani in Bank of England, Currency, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- February 15, 2017
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U.K. unemployment declined and a measure of the number of people in work rose to a record, pushing the labor market closer to “full capacity,” according to the statistics office. The number of jobless fell 7,000 in the fourth quarter to 1.6 million people, leaving the unemployment rate at 4.8 percent, the lowest in more […]
READ MOREUK Inflation Lower Than Expectations
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, EUR, Inflation, Sterling, UK, Uncategorised
- February 14, 2017
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British households kept a tighter grip on their credit cards last month as spending grew at one of the slowest annual rates of the past three years, data showed, adding to signs that consumer spending is starting to lose momentum. Robust consumer spending helped Britain’s economy to outpace its peers last year, even after June’s […]
READ MOREPound Edges Up Against Euro
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Inflation, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 13, 2017
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Sterling edged up this morning, extending its winning streak against the euro for a sixth straight day after enjoying a boost from last week’s better-than-expected manufacturing and trade data. The pound was up over 0.3 percent against the dollar and steady against the euro which has been hit by nerves around a pickup in political […]
READ MOREUK Data Better Than Expectations
- Posted by Shyam Gokani in Bank of England, Currency, Dollar, Economy, EUR, Inflation, Mark Carney, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 10, 2017
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British manufacturing grew more strongly than expected in December, showing the economy remained resilient to the end of the year despite June’s Brexit vote shock, although 2017 looks like it will be more difficult. Official data released this morning also showed the country’s smaller construction sector grew more quickly in December than many economists had […]
READ MOREGBP Continues To Perform Well
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, Sterling, UK, Uncategorised
- February 9, 2017
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Sterling traded at its highest in a week today after some more upbeat British housing data helped soothe nerves over economic growth and the government eased past parliamentary roadblocks to its plan to trigger talks on leaving the EU next month. The pound has been rocked by a handful of weaker signals on the economy […]
READ MOREPound 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 […]
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