Positive UK Data Having Zero Impact On Sterling Value
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 24, 2018
- No Comments
The British pound slipped against the euro to within a whisker of its weakest since September 2017, hurt by a rally in the single currency and concerns about whether Britain can secure itself a trading deal with the European Union. Sterling has had a tough month so far, hit by concerns Britain could crash out […]
READ MORE
Government Step Up Planning For A No-Deal Brexit
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 23, 2018
- No Comments
Sterling fell again this morning as the government stepped up planning for a no-deal Brexit, reviving concern among investors about what would happen to the currency if Britain left the European Union without having agreed new trade arrangements. With less than eight months until the March 29 exit day, diplomats in Brussels say they expect […]
READ MORE
Trump Comments Weaken US Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 22, 2018
- No Comments
The pound rose towards a two-week high this morning after the dollar fell following comments from U.S. President Donald Trump that he was unhappy with the Federal Reserve for raising interest rates. Sterling has recovered in recent sessions from a 14-month low, rising two cents from $1.2662 plumbed last week, helped by dollar weakness and […]
READ MORE
Raab In Brussels For Two More Days Of Negotiations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 21, 2018
- No Comments
Sterling has continued to be under pressure and is still near the 14-month lows reached last week on concerns about forthcoming talks that may decide whether Britain gets a trade deal with the EU before it quits the bloc. The pound has suffered six straight weeks of losses against the dollar, its worst run since […]
READ MORE
Brexit worries continue to weaken Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 20, 2018
- No Comments
Worries about whether Britain can agree a trade deal with the European Union over coming months to avoid a sudden and disorderly exit from the bloc continue to keep most economists cautious about any sustained Sterling strength. With most of the month’s UK economic data out of the way, the focus will shift back to […]
READ MORESterling Weakness Continues
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 9, 2018
- No Comments
The likelihood Britain crashes out of the European Union without a trade deal has increased, an outcome that would hurt an already weak pound, according to economists and foreign exchange strategists. Bank of England Governor Mark Carney said on Friday Britain faces an “uncomfortably high” risk of leaving the EU with no deal, while on […]
READ MORESterling Fights Back After Hitting 10 Month Lows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 25, 2018
- No Comments
The pound hit a five-day high versus the dollar as the greenback lost momentum, but the outlook for the British currency was clouded by fresh angst over Brexit and doubts about the economy. Weak economic data and renewed political uncertainty over the government’s Brexit position hammered sterling last week and sent it to 10-month lows. […]
READ MORE
UK Retail Sales Surprisingly Drop
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 19, 2018
- No Comments
British retail sales grew by the most in over a decade in the second quarter of 2018, official data showed this morning, giving the Bank of England reassurance shoppers had shaken off a sluggish start to the year as it considers raising interest rates. However, the sales volumes came in way below market expectations and […]
READ MORE
British Inflation Fails To Rise
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 18, 2018
- No Comments
British inflation failed to rise as expected last month, potentially giving Bank of England policymakers pause for thought ahead of a widely expected interest rate hike next month. Despite motor fuel prices rising to their highest since September 2014, annual consumer price inflation held steady in June at 2.4 percent. The figure was at the […]
READ MOREBritish Inflation Fails To Rise
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 18, 2018
- No Comments
British inflation failed to rise as expected last month, potentially giving Bank of England policymakers pause for thought ahead of a widely expected interest rate hike next month. Despite motor fuel prices rising to their highest since September 2014, annual consumer price inflation held steady in June at 2.4 percent. The figure was at the […]
READ MORE
