UK GDP grows at weakest pace since 2012
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 27, 2018
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Sterling fell to an eight-week low against the dollar on Friday after Britain’s economy slowed much more sharply than expected in the first three months of 2018. Sterling slumped 0.8 percent after Britain’s economy grew at its weakest pace since the fourth quarter of 2012, expanding by just 0.1 percent in Q1 2018. That figure […]
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Sterling hits fresh lows against the dollar
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 24, 2018
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Sterling dropped to its lowest since level since the middle of March, its sixth consecutive daily fall as investors are worried about the performance of the British economy. April has historically proved to be supportive for the pound because of a seasonal rise in capital inflows into Britain from foreign companies paying UK shareholders dividends. […]
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UK Inflation drops unexpectedly
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 18, 2018
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UK inflation dropped to a one year low, according to figures which now raise doubts about a rate rise in May and further rises going forward. There is still a 96% chance of a UK rate rise in May and we believe this is already priced into the markets. Official data showed annual consumer price […]
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Pound continues to out perform
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 16, 2018
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The pound rose today despite Britain’s military intervention in Syria, as investors focused on data that could help shore up expectations of a May interest rate hike. Britain struck Syria with cruise missiles on Saturday in partnership with Western allies, targeting chemical weapons facilities. Sterling rose, continuing a two-week rally against the dollar that on […]
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McCafferty speech boosts Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 10, 2018
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Sterling hit a two-week high today after a top policymaker said the Bank of England should not delay in raising interest rates after a recent strong pick-up in the world economy. Ian McCafferty, one of the two members of the nine-strong Monetary Policy Committee who voted for a rate rise last month, said in an […]
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Sterling starts the week on the up
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 9, 2018
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Sterling rose against the euro and dollar this morning and is on track for a third consecutive day of gains as investors are encouraged by data showing British house prices rising more than expected in March. Since Britain signed a transition agreement last month to cover the 21-month period after it leaves the European Union, […]
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Sterling confidence grows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 6, 2018
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The pound came under modest selling pressure yesterday, as the UK service PMI disappointed and the composite PMI fell to the lowest since the EU referendum. Overall, this week’s PMI figures indicate downside risks to activity in coming months and while we see signs that the activity is slowing, it is worth noting that weaker […]
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UK Services slowed due to bad weather
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 5, 2018
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The weather over the last month had a big impact on British services businesses, which grew at the slowest rate since just after the vote to leave the European Union in June 2016, a survey showed earlier today. The IHS Markit/CIPS services Purchasing Managers’ Index (PMI) tumbled to 51.7 in March from February’s reading of […]
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Sterling gains as dollar continues to weaken
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 3, 2018
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Sterling gained this morning as the dollar fell and data showed British manufacturing gaining a little bit of momentum ahead of an expected interest rate rise in May. Manufacturing growth in Britain cooled to a one-year low in the first quarter of 2018, according to a survey on Tuesday that suggested the economy remains on […]
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Dollar Recovers
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 29, 2018
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Britain’s current account deficit was revised down sharply on Thursday by the country’s statistics office in a set of data which also confirmed the economy slowed slightly in late 2017. The current account deficit stood at 18.4 billion pounds in the fourth quarter, much lower than a median forecast of a shortfall of 24 billion […]
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