Pound rallies after recent opinion polls!
- Posted by Shyam Gokani in Uncategorised
- May 18, 2016
- No Comments
As we get closer and closer to the EU Referendum, the pound continues to be driven by expectations on the outcome for the vote in June. Recently we have found that fears of a “Brexit” have been dimmed down by recent polls and political interference. Today, the results of a telephone opinion poll carried out […]
READ MOREUK Jobs data – better than expected
- Posted by Shyam Gokani in Uncategorised
- May 18, 2016
- No Comments
The number of people out of work in Britain fell in the three months to March as the labour market held ground faced with a slowing economy before the European Union membership referendum. The number of unemployed fell 2,000 in the three months to March, the Office for National Statistics said, but the unemployment rate […]
READ MOREBrexit could trigger a “technical recession in the UK” – How will you vote?
- Posted by Shyam Gokani in Uncategorised
- May 12, 2016
- No Comments
Bank of England Governor Mark Carney has warned a Brexit could trigger a “technical recession in the UK” We want to hear your views and how you will vote? Governor Mark Carney has today warned that a Brexit could send the UK back into a technical recession at his bank of England speech today. The […]
READ MOREBritish factory output recorded its biggest annual fall
- Posted by Shyam Gokani in Uncategorised
- May 11, 2016
- No Comments
Sterling slipped against the euro and dollar this morning, with investors worried that the latest polls still show Britons who want to leave the European Union at a referendum in June neck-and-neck with those who want to stay. The pound had fallen some 7 percent between mid-November and mid-April, when it made a substantial recovery […]
READ MOREWill the Bank of England cut interest rates?
- Posted by Shyam Gokani in Uncategorised
- May 10, 2016
- No Comments
Sterling steadied this morning after hitting a two-week low against the dollar on opinion polls showing the outcome of June’s referendum on European Union membership was on a knife edge. Short-term market interest rates now price in a substantial chance of a Bank of England cut by the end of the year, a reflection of […]
READ MORESterling drops further against the US Dollar
- Posted by Shyam Gokani in Uncategorised
- May 9, 2016
- No Comments
Sterling fell to a two-week low against the dollar on Monday, hurt in part by an opinion poll that showed the race between those who want to stay in the European Union and those who want to leave is still on a knife edged. A YouGov opinion poll for ITV television showed the “In” campaign […]
READ MOREPoor week for Sterling
- Posted by Shyam Gokani in Uncategorised
- May 6, 2016
- No Comments
The dollar slipped against a basket of currencies on Friday but stayed on track for weekly gains as investors readied for April’s U.S. non-farm payrolls report. A survey showed economists expect U.S. payrolls to have risen by 202,000 in April after increasing by 215,000 in March. A weaker-than-expected report this week has tempered market expectations […]
READ MORESterling steady after two days of losses
- Posted by Shyam Gokani in Uncategorised
- May 5, 2016
- No Comments
Sterling steadied this morning, having suffered two days of losses, with investors awaiting a key services sector report for more clues on the economy which appears to be stumbling just months before a vote on Britain’s future in the European Union. The pound has lost ground this week, retreating from a four-month high struck on […]
READ MORELatest brexit polls show neck & neck
- Posted by Shyam Gokani in Uncategorised
- May 4, 2016
- No Comments
Sterling slipped again this morning, having recorded its biggest one-day fall against the dollar for six weeks in the previous session after a poll showed the campaign for Britain to leave the European Union neck-and-neck with the campaign to stay in. The poll helped drive down the pound by about 1 percent versus the greenback, […]
READ MOREUK Manufacturing PMI falls – 3rd May 2016
- Posted by Shyam Gokani in Uncategorised
- May 3, 2016
- No Comments
Sterling retreated from four-month highs against the dollar early this morning after data showing that U.K. manufacturing activity contracted for the first time in over three years in April, adding to gloom over the outlook for second quarter growth. GBP/USD was last at 1.4712, still up 0.26% for the day after rising as high as […]
READ MORE