Sterling weakens further against the dollar
- Posted by Shyam Gokani in Bank of England, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- August 8, 2016
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Sterling traded near its weakest in three weeks against the dollar this morning, hurt by widening rate differentials between the United States and the UK after robust jobs numbers strengthened speculation of a rate hike by the Federal Reserve. In contrast, the Bank of England kick started its quantitative easing programme today, having lowered interest […]
READ MORESterling could drop further this Thursday
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Referendum, Retail Sales, Sterling, UK
- August 2, 2016
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The monthly survey of purchasing managers in the construction sector inched down to the lowest reading since June 2009, well into contraction territory. However, the result was better than all forecasts in a poll of economists. The numbers nevertheless provide another sign that Britain’s economy is at risk of recession after June’s vote to leave […]
READ MORESterling looses ground after Martin Weale comments
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Referendum, Retail Sales, Sterling, UK
- July 26, 2016
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Sterling hit a two-week low on Tuesday after a Bank of England policymaker suggested a batch of weak UK data had convinced him monetary policy should be eased immediately, having last week said he needed more evidence of economic weakness first. While stopping short of openly backing a cut in interest rates or quantitative easing […]
READ MORESterling slightly up this morning
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Referendum, Retail Sales, Sterling, UK
- July 25, 2016
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Sterling inched up today, recovering some of the ground it lost late last week from surveys suggesting Britain was heading towards recession and boosting expectations the Bank of England will have to stimulate growth next month. Sterling was up 0.2 percent at $1.3140, having fallen nearly 1 percent on Friday. The euro, also was 0.3 […]
READ MOREPoor UK Retail Sales hits Sterling this morning
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Referendum, Retail Sales, Sterling, UK
- July 21, 2016
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British retail sales suffered their sharpest monthly fall in six months in June, with officials citing poor weather hurting clothing sales rather than any impact from the vote to leave the European Union. Retailers had not reported any anecdotal evidence of the unexpected result of the June 23 referendum affecting sales during the five-week period […]
READ MORESterling stays firm
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 18, 2016
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Sterling rose on Monday, boosted by expectations of inflows from an acquisition deal after Japan’s Softbank agreed to buy chip designer ARM in a 24.3-billion-pound deal which should help plug Britain’s yawning current account gap. The pound extended gains after Bank of England policymaker Martin Weale said he was unsure if he would back an […]
READ MORESterling on the up – for now!
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 13, 2016
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Sterling was firmer this morning, trading near a two-week high against the euro as Theresa May was set to take over as Britain’s prime minister, easing some of the political uncertainty that has dogged the currency in the past few weeks. Traders will keep an eye on who will be appointed as finance minister with […]
READ MORESterling steadies after May appointment
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- July 12, 2016
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Sterling rose along with UK government bond yields today as the early appointing of interior affairs minister Theresa May as prime minister fed into a generally improved global mood among financial investors. The 1.2 percent rise in the pound against the dollar put it on track for its biggest daily rise since Britain’s vote to […]
READ MORESterling steadies but more weakness on the cards
- Posted by Shyam Gokani in Bank of England, Bremain, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 8, 2016
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Sterling steadied this morning less than two U.S. cents away from a 31-year low, having put in its worst three-weekly performance since the currency’s 1992 crisis, following Britain’s shock vote to leave the European Union. Most currency pairs were trading in tight ranges ahead of a U.S. non-farm payrolls report due at 1330 – one […]
READ MORESterling stays below 1.30 against US Dollar
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 7, 2016
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Sterling steadied on Thursday after two more days of nerves over the fallout of Britain’s vote to leave the European Union drove it below $1.30 for the first time in more than three decades. Analysts and traders remain convinced more weakness in the pound is on the cards, with some predicting a fall to the […]
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