Pound gains due to BoE leaning towards a rate rise
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- March 17, 2017
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The pound rose for the third day running against the dollar this morning for the first time since mid-January, drawing confidence from signs some at the Bank of England may be leaning toward a rise in interest rates to support the currency. Minutes from the Bank’s latest Monetary Policy Committee meeting shocked markets on Thursday […]
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Sterling weakness expected to continue
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- March 16, 2017
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Sterling hit an eight-week high this week in reaction to Parliament’s approval of the Article 50 bill – but with at least two years of negotiations ahead, could the currency fall even further? MPs voted down two amendments added by the House of Lords to the Article 50 bill on Monday evening, with peers voting […]
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Sterling Bounces Slightly
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- March 15, 2017
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Sterling bounced back from a fall to eight-week lows this morning with dealers citing a weaker dollar, a poll showing Scots still favour remaining in the United Kingdom and signs that EU exit talks will not be triggered for another two weeks. The pound had sunk to its lowest since mid-January on Tuesday after Prime […]
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May wins right to start divorce proceedings with EU
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 14, 2017
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Prime Minister Theresa May has won the right to launch divorce proceedings with the European Union and begin two years of talks that will shape the future of Britain and Europe. May, who was appointed prime minister shortly after Britain voted to leave the EU in June, faced down attempts in both the lower and […]
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Fresh New Lows For Pound
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Phillip Hammond, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- March 9, 2017
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Sterling slipped even lower today, as investors brushed off the finance minister’s budget statement the previous day as largely a “non-event” that would do little to boost growth in Britain as it prepares to leave the European Union. While Philip Hammond announced a rise in official growth forecasts for this year and cut predicted rates […]
READ MORETheresa May Will Trigger Article 50 On 15th March
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- March 3, 2017
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Yes, you read that correctly, it is finally going to happen! For those of you who haven’t seen the latest from the House of Lords, Theresa May was defeated after the House stated that Ministers should guarantee EU national’s the right to stay in the UK after Brexit. The House of Lords has now passed […]
READ MOREUK Retail Sales Shock Sterling
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 17, 2017
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Sterling sank by 0.5% on the day against the dollar and Euro this morning after British retail sales racked up their third monthly fall on the trot in January, disappointing expectations for a rise. December’s downwardly revised -2.1 percent was the second biggest monthly fall since comparable records began 20 years ago, and added to […]
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 MOREMay 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 […]
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