Sterling Gains Against Dollar After Trump Speech
- Posted by Shyam Gokani in Uncategorised
- January 12, 2017
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Sterling rose this morning from its lowest levels for almost 32 years — excluding a “flash crash” in October — with the dollar weakened by a lack of detail on President-elect Donald Trump’s spending plans in his first news conference since his election. The greenback had rallied since Trump’s victory in the Nov. 8 election, […]
READ MORESterling continues to devalue
- Posted by Shyam Gokani in Uncategorised
- January 11, 2017
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Sterling edged towards a 10-week low against the dollar this morning, kept under pressure by fears that Britain will undergo a “hard” exit from the EU in which access to the single market will play second fiddle to immigration controls. The pound posted its worst day in three months against the dollar on Monday after […]
READ MORESterling gains due to better than expected PMI data
- Posted by Shyam Gokani in Uncategorised
- January 4, 2017
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Sterling inched higher against a broadly weaker dollar today after hitting a two-month low on a volatile first day of 2017 trading in London when Britain’s chief EU negotiator quit. Data on the economy continues stronger than many economists had expected after last June’s vote to leave the European Union, with a survey on Tuesday […]
READ MOREBig Year Ahead For Sterling
- Posted by currencies in Uncategorised
- January 3, 2017
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Happy New Year! UK manufacturers saw confidence levels reach a 30-month high as output and new orders strengthened. The manufacturing purchasing managers’ index (PMI) rose to 56.1 in December, up from 53.6 in November, as the sector ended the year on a high. The pound rose sharply against the euro this morning as the data […]
READ MOREPound drops further against Euro & Dollar
- Posted by Shyam Gokani in Uncategorised
- December 22, 2016
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Sterling fell to a two-week low against the euro today after a survey of British consumers showing a gloomy view of the economy’s prospects next year kept it on the defensive against the single currency. It was sterling’s fourth consecutive daily fall against the euro, its longest losing streak since August, as it got caught […]
READ MOREMay to make statement in parliament this afternoon – Brexit
- Posted by Shyam Gokani in Uncategorised
- December 19, 2016
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Britain’s pound steadied from two straight weeks of losses against the U.S. dollar this morning after further hints the government is looking at ways to smooth its exit process with the European Union. Trade minister Liam Fox said on Sunday Britain may need a transitional agreement to bridge the gap for businesses during negotiations with […]
READ MOREEU hold Brexit talks
- Posted by Shyam Gokani in Uncategorised
- December 16, 2016
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European Union leaders agreed their plan for Brexit negotiations, pledging to move swiftly and stick together to ensure Britain does not cherry pick a sweet deal that might inspire others to do the same. Prime Minister Theresa May left before the other 27 leaders met briefly to formalise their plan for how to run Brexit […]
READ MOREDollar gains after Fed rate hike
- Posted by Shyam Gokani in Uncategorised
- December 15, 2016
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Sterling fell almost half a percent in morning trade in Europe this morning, suffering along with a raft of other currencies against the dollar after the U.S. Federal Reserve raised its forecasts for interest rates next year. It will be interesting to see what type of outlook the BoE offers in light of more solid […]
READ MOREAll eyes on Fed meeting this evening
- Posted by Shyam Gokani in Uncategorised
- December 14, 2016
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Sterling steadied today after data showed the number of people in work in Britain falling but wages growing, as investors focused on a Federal Reserve meeting later in the day that is set to produce the first interest rate rise in a year. The Office for National Statistics numbers suggested a slowing in the labour […]
READ MOREBig week ahead for Sterling
- Posted by Shyam Gokani in Uncategorised
- December 12, 2016
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Sterling edged up this morning, recovering some ground lost last week as investors braced for what is shaping up to be a busy week with the latest top-tier UK economic data releases and Bank of England policy meeting. Sterling chalked up its first weekly fall against the dollar in four last week, falling 1.1 percent […]
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