EU hold Brexit talks
- Posted by Shyam Gokani in Uncategorised
- December 16, 2016
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European Union leaders agreed their plan for Brexit negotiations, pledging to move swiftly and stick together to ensure Britain does not cherry pick a sweet deal that might inspire others to do the same. Prime Minister Theresa May left before the other 27 leaders met briefly to formalise their plan for how to run Brexit […]
READ MOREDollar gains after Fed rate hike
- Posted by Shyam Gokani in Uncategorised
- December 15, 2016
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Sterling fell almost half a percent in morning trade in Europe this morning, suffering along with a raft of other currencies against the dollar after the U.S. Federal Reserve raised its forecasts for interest rates next year. It will be interesting to see what type of outlook the BoE offers in light of more solid […]
READ MOREAll eyes on Fed meeting this evening
- Posted by Shyam Gokani in Uncategorised
- December 14, 2016
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Sterling steadied today after data showed the number of people in work in Britain falling but wages growing, as investors focused on a Federal Reserve meeting later in the day that is set to produce the first interest rate rise in a year. The Office for National Statistics numbers suggested a slowing in the labour […]
READ MOREBig week ahead for Sterling
- Posted by Shyam Gokani in Uncategorised
- December 12, 2016
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Sterling edged up this morning, recovering some ground lost last week as investors braced for what is shaping up to be a busy week with the latest top-tier UK economic data releases and Bank of England policy meeting. Sterling chalked up its first weekly fall against the dollar in four last week, falling 1.1 percent […]
READ MOREUK industrial output poor
- Posted by Shyam Gokani in Uncategorised
- December 7, 2016
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Sterling posted its biggest slide in two months on Wednesday after poor British industrial output data added to the sense that a month-long recovery in the currency may have run its course. The weak performance by manufacturers may raise doubts about how much of a boost factories are getting from the big fall in sterling […]
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 MOREEuro drops due to Italian Referendum result
- Posted by Shyam Gokani in Uncategorised
- December 5, 2016
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The euro rebounded from 21-month lows today, clawing back almost all the ground it had lost overnight after Italian Prime Minister Matteo Renzi conceded defeat in a referendum on plans to reform the country’s constitution and said he would resign. The single currency tumbled as much as 1.4 percent in Asian trade, its weakest since […]
READ MOREConstruction PMI stronger than expectations
- Posted by Shyam Gokani in Uncategorised
- December 2, 2016
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Growth in Britain’s construction industry unexpectedly touched an eight-month high in November, but its costs rocketed at the fastest pace since 2011, fuelled by sterling’s slump after the June vote to quit the European Union, a survey showed earlier this morning. The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) edged up to 52.8 from 52.6 […]
READ MOREUK Consumer confidence falls
- Posted by Shyam Gokani in Uncategorised
- November 30, 2016
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Sterling steadied in the middle of a 3-cent range it has held for most of the past month this morning. Confidence among British consumers fell in November to its lowest level since just after voters decided in June to leave the European Union, the regular survey by market research firm GfK showed today. Investors were […]
READ MORESterling falls as euro gains ahead of Draghi speech
- Posted by Shyam Gokani in Uncategorised
- November 28, 2016
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Sterling touched a two-week high against the dollar but slid back against the euro this morning, with the day’s focus likely to be European Central Bank chief Mario Draghi’s testimony in the European Parliament. With 10 days until a policy meeting long expected to signal the pace of quantitative easing next year, Draghi’s comments have […]
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