Sterling Crashes
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Economy, EUR, Fed, GBP, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- July 30, 2019
- No Comments
Sterling crashed to 2-1/2 year lows this morning and fell towards the $1.21 mark versus the dollar as the growing likelihood of a disorderly Brexit led investors to hedge or cut their exposure to British assets. Sterling traded as high as $1.32 in early-May, having fallen steadily since then, with losses accelerating since July 24 […]
READ MORE
Pound Hits New Lows
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Phillip Hammond, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- July 29, 2019
- No Comments
Sterling dropped to another low this morning, hitting its weakest since March 2017 as investors grow increasingly worried that Britain is headed towards a disorderly exit from the European Union without a transition deal. Senior ministers said on Sunday that new Prime Minister Boris Johnson’s government was working on the assumption that the EU will […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Phillip Hammond, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- July 26, 2019
- No Comments
The dollar stayed near a two-week high versus on Friday as investors pared expectations for aggressive Federal Reserve interest rate cuts ahead of key U.S. economic data later in the day. The euro held gains after the European Central Bank (ECB) kept policy unchanged, disappointing some market participants who had bet on an easing, but […]
READ MORE
Boris Names His Brexit Dominated Seniors
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- July 25, 2019
- No Comments
Prime Minister Boris Johnson will meet his Brexiteer-dominated team of senior ministers for the first time today to plot how to persuade the European Union to agree to a new Brexit deal ahead of the Oct. 31 exit deadline. Johnson’s dramatic rise to Britain’s top job sets the world’s fifth largest economy up for a […]
READ MORE
Market Updates
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- July 12, 2019
- No Comments
The Pound continues to weaken against the Euro on a daily basis, we have never seen this type of losing trend for the currency pair since records began. We saw a brief recovery by the pound reaching 1.1162 yesterday afternoon, however that was short lived, and Sterling lost 0.3% by the end of the day. […]
READ MORE
Dollar Weakens After Powell Comments
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Mark Carney, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- July 11, 2019
- No Comments
The dollar fell to a five-day low this morning after Federal Reserve Chair Jerome Powell kept the door open for U.S. interest rate cuts, though investors were wary of selling dollars aggressively until a policy review later this month. In testimony to Congress, Powell pointed to “broad” global weakness that was clouding the U.S. economic […]
READ MORE
Sterling Hits 2 Year Low
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- July 10, 2019
- No Comments
Sterling fell towards its lowest levels in more than two years on Tuesday against the backdrop of a worsening economic outlook and rising fears about a no-deal Brexit and a new Prime Minister. With a key US$1.25 level against the dollar giving way in early Asian trade, traders quickly pushed the British currency down half […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- June 27, 2019
- No Comments
Bank of England Governor Mark Carney said the BoE would only factor the possibility of a no-deal Brexit into its economic forecasts if Britain’s next prime minister decides to leave the European Union without a transition agreement. Last week, the BoE highlighted a disconnect between the “smooth” Brexit scenario that underpins its forecasts and the […]
READ MORE
Dollar Gains After Fed Comments
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- June 26, 2019
- No Comments
The dollar this morning as expectations dwindled for aggressive cuts in U.S. interest rates after comments by Federal Reserve officials. Fed Chairman Jerome Powell stressed the central bank’s independence from U.S. President Donald Trump, who is pushing for rate cuts. St. Louis Fed President James Bullard, considered one of the most dovish U.S. central bankers, […]
READ MORE
