Pound boosted by PM comments
- Posted by Shyam Gokani in Uncategorised
- November 22, 2016
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Sterling surged more than a cent against the dollar yesterday and to its highest since early September versus the euro as the market processed Prime Minister Theresa May’s latest hints on the possible shape of Britain’s exit from the European Union. Speaking to business leaders on Monday, May pledged to address concerns that Britain could […]
READ MOREUS Election day today – Volatility in the Dollar expected
- Posted by Shyam Gokani in Uncategorised
- November 8, 2016
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Sterling rose this morning in early trade against a nervous dollar as the perceived status quo candidate Hillary Clinton and Donald Trump approached the finishing line in a tight presidential election race. The pound rebounded 0.3 percent, having lost ground on Monday when the dollar surged on a polling boost for Democrat Clinton after the […]
READ MOREDollar should strengthen due to US Election
- Posted by Shyam Gokani in Uncategorised
- November 7, 2016
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Sterling fell more than 1 percent this morning against a resurgent dollar, which rebounded on news that Hillary Clinton would not face criminal charges over her private e-mail server, boosting her chances on the eve of the U.S. presidential vote. If there still is the perception that the UK may after all be faced with […]
READ MORESterling gains due to high court hearing
- Posted by Shyam Gokani in Uncategorised
- November 4, 2016
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Sterling traded close to a four-week high today and was heading for its best week since March, having jumped after England’s High Court put a spanner in the government’s plans to forge ahead with Britain’s exit from the European Union. The battered pound has clawed back 2.5 percent against the dollar this week, with yesterday’s […]
READ MOREBig week for the pound
- Posted by Shyam Gokani in Uncategorised
- October 31, 2016
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Sterling slipped below $1.22 on Monday as worries about the fallout from Britain’s vote to leave the European Union outweighed reports that Mark Carney will serve a full term as governor of the Bank of England. After falling more than 6 percent against the dollar since the start of October, the pound was on track […]
READ MORESterling down further despite stronger GDP figures
- Posted by Shyam Gokani in Uncategorised
- October 28, 2016
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Sterling down further today, even though we had stronger-than-expected third-quarter GDP data failing to allay worries Britain’s vote to leave the European Union. Sterling has lost almost a fifth of its value against the dollar since the June 23 vote for Brexit, and there had been worries that the economy would also take an immediate […]
READ MOREUK Rate cut not likely
- Posted by Shyam Gokani in Uncategorised
- October 26, 2016
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Sterling recovered to around $1.22 this morning, having fallen below $1.21 the previous day, as expectations for an interest rate cut next week faded. Bank of England Governor Mark Carney prompted the strengthening by saying in a speech the BoE could not ignore the pound’s “fairly substantial” drop since the vote to leave the European […]
READ MOREWill Mark Carney’s speech help or hinder Sterling?
- Posted by Shyam Gokani in Uncategorised
- October 25, 2016
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Sterling slipped on Tuesday, weighed down by expectations that the Bank of England Governor Mark Carney could flag the possibility of further monetary easing when he speaks later in the day. Carney appears at the House of Lords Economic Committee to discuss the economic consequences of the Brexit vote and he has the potential to […]
READ MORESterling rebounds
- Posted by Shyam Gokani in Uncategorised
- October 21, 2016
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Sterling edged down against the dollar on Friday, hurt by expectations that Britain’s economy is likely to suffer from a hard-line stance by the European Union in negotiations on the country’s exit from the bloc. British Prime Minister Theresa May, who is in Brussels to attend her first EU summit since Britain’s vote to leave […]
READ MORERetail Sales up in last quarter
- Posted by Shyam Gokani in Uncategorised
- October 20, 2016
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British retail sales recorded their strongest quarter of growth since late 2014 in the three months to September, but warm weather and higher prices dented demand for new clothing towards the end of the period. Britain’s statistics agency said consumer sentiment had remained firm since June’s vote to leave the European Union, and that the […]
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