UK industrial output poor
- Posted by Shyam Gokani in Uncategorised
- December 7, 2016
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Sterling posted its biggest slide in two months on Wednesday after poor British industrial output data added to the sense that a month-long recovery in the currency may have run its course. The weak performance by manufacturers may raise doubts about how much of a boost factories are getting from the big fall in sterling […]
READ MOREThursday is key for the Euro
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- December 6, 2016
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The euro held steady near a 3-week high today while bets on market volatility stayed close to their highest since June’s Brexit vote ahead of this week’s European Central Bank meeting due to give new guidance on its quantitative easing programme. Other major currency pairs were all trading in a tight range after a rollercoaster […]
READ MOREEuro drops due to Italian Referendum result
- Posted by Shyam Gokani in Uncategorised
- December 5, 2016
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The euro rebounded from 21-month lows today, clawing back almost all the ground it had lost overnight after Italian Prime Minister Matteo Renzi conceded defeat in a referendum on plans to reform the country’s constitution and said he would resign. The single currency tumbled as much as 1.4 percent in Asian trade, its weakest since […]
READ MOREConstruction PMI stronger than expectations
- Posted by Shyam Gokani in Uncategorised
- December 2, 2016
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Growth in Britain’s construction industry unexpectedly touched an eight-month high in November, but its costs rocketed at the fastest pace since 2011, fuelled by sterling’s slump after the June vote to quit the European Union, a survey showed earlier this morning. The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) edged up to 52.8 from 52.6 […]
READ MOREUK Consumer confidence falls
- Posted by Shyam Gokani in Uncategorised
- November 30, 2016
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Sterling steadied in the middle of a 3-cent range it has held for most of the past month this morning. Confidence among British consumers fell in November to its lowest level since just after voters decided in June to leave the European Union, the regular survey by market research firm GfK showed today. Investors were […]
READ MORESterling falls as euro gains ahead of Draghi speech
- Posted by Shyam Gokani in Uncategorised
- November 28, 2016
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Sterling touched a two-week high against the dollar but slid back against the euro this morning, with the day’s focus likely to be European Central Bank chief Mario Draghi’s testimony in the European Parliament. With 10 days until a policy meeting long expected to signal the pace of quantitative easing next year, Draghi’s comments have […]
READ MOREPound boosted by PM comments
- Posted by Shyam Gokani in Uncategorised
- November 22, 2016
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Sterling surged more than a cent against the dollar yesterday and to its highest since early September versus the euro as the market processed Prime Minister Theresa May’s latest hints on the possible shape of Britain’s exit from the European Union. Speaking to business leaders on Monday, May pledged to address concerns that Britain could […]
READ MOREUS Election day today – Volatility in the Dollar expected
- Posted by Shyam Gokani in Uncategorised
- November 8, 2016
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Sterling rose this morning in early trade against a nervous dollar as the perceived status quo candidate Hillary Clinton and Donald Trump approached the finishing line in a tight presidential election race. The pound rebounded 0.3 percent, having lost ground on Monday when the dollar surged on a polling boost for Democrat Clinton after the […]
READ MOREDollar should strengthen due to US Election
- Posted by Shyam Gokani in Uncategorised
- November 7, 2016
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Sterling fell more than 1 percent this morning against a resurgent dollar, which rebounded on news that Hillary Clinton would not face criminal charges over her private e-mail server, boosting her chances on the eve of the U.S. presidential vote. If there still is the perception that the UK may after all be faced with […]
READ MORESterling gains due to high court hearing
- Posted by Shyam Gokani in Uncategorised
- November 4, 2016
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Sterling traded close to a four-week high today and was heading for its best week since March, having jumped after England’s High Court put a spanner in the government’s plans to forge ahead with Britain’s exit from the European Union. The battered pound has clawed back 2.5 percent against the dollar this week, with yesterday’s […]
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