Theresa 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 MOREPound Suffers Due To Second Scottish Referendum News
- Posted by Shyam Gokani in Bank of England, Brexit, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Rate Alerts, Referendum, Sterling, UK, Uncategorised
- February 28, 2017
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Sterling traded close to a two-week low against the dollar today as investors awaited a speech by U.S. President Donald Trump, with the pound kept under pressure by worries about the future of Britain as it leaves the European Union. The pound fell to lows on Monday, its weakest in a fortnight, on reports that […]
READ MORESterling Devalues Due To Fresh Uncertainty
- Posted by Shyam Gokani in Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 27, 2017
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Sterling fell against major currencies this morning, as the prospect of another Scottish independence vote and signs a major merger was unlikely to go through renewed fears about Britain’s future as it prepares to leave the European Union. A report in the Times newspaper said British prime minister Theresa May is preparing for Scotland to […]
READ MOREUS – Fed To Raise Rates Fairly Soon
- Posted by Shyam Gokani in Brexit, Currency, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- February 23, 2017
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Federal Reserve officials have said they may need to raise interest rates “fairly soon” if the economy stays strong, minutes of their meeting show. The first meeting of the Fed since Donald Trump took office as president discussed the possibility of a rate rise as early as March. Most economists have been forecasting a rise […]
READ MOREEuro Weakens as Le Pen Wins Latest Poll
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 22, 2017
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Sterling rose almost 1 percent against the euro today, to its highest in two months, after another opinion poll showing far-right French presidential candidate Marine Le Pen gaining ground hit the single currency. The poll suggests anti-EU nationalist Le Pen may have more chance of springing a surprise if she makes it through to the […]
READ MOREPositive Start For Sterling
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Economy, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- February 20, 2017
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The pound rose against most major currencies this morning, snapping a three-day fall versus the euro, at the start of another week likely to be dominated by questions about how Britain will leave the EU and the impact of Brexit on the economy. The upper house of parliament, known as the House of Lords, was […]
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 MORESterling Edges Higher
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Retail Sales, Sterling, UK, Uncategorised
- February 16, 2017
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Sterling gained around half a percent against the dollar this morning, tracking broader moves in major currencies after some caution about the underlying strength of the U.S. economy set in following a high January inflation number. The pound – down by around a fifth in just over a year against the dollar – has been […]
READ MOREUK Jobs Data Lower Than Forecast
- Posted by Shyam Gokani in Bank of England, Currency, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- February 15, 2017
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U.K. unemployment declined and a measure of the number of people in work rose to a record, pushing the labor market closer to “full capacity,” according to the statistics office. The number of jobless fell 7,000 in the fourth quarter to 1.6 million people, leaving the unemployment rate at 4.8 percent, the lowest in more […]
READ MOREPound Edges Up Against Euro
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Inflation, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 13, 2017
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Sterling edged up this morning, extending its winning streak against the euro for a sixth straight day after enjoying a boost from last week’s better-than-expected manufacturing and trade data. The pound was up over 0.3 percent against the dollar and steady against the euro which has been hit by nerves around a pickup in political […]
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