Sterling climbs for 11th day in last two weeks – 22nd March 2018

Sterling climbs for 11th day in last two week as good news continues to push it higher. The break above £/$ 1.40 versus the US Dollar earlier this week as been consolidated as consumer price inflation (CPI) and higher wage growth have led to an expectation of a more hawkish statement from the MPC following

The UK agrees to another lopsided EU deal – 20th March 2018

The UK agrees to another lopsided EU deal – 20th March 2018 Sterling broke through the major resistance level at £/$1.40 against the US Dollar yesterday as the UK and EU confirmed an agreement has been reached over the terms of the transition period following the UK’s departure from the EU in March next year. It would

Sterling’s fate dependent on wage growth inflation – 20th February 2018

Sterling fell below £/$ 1.40 versus a steadying US Dollar yesterday as tomorrow’s employment data and wage growth inflation number is being viewed as crucial to the markets expectation of an interest rate hike from the Bank of England in May. When comparing the comments made by BoE Governor Mark Carney last November with what

Sterling hit’s multi-month highs – 30th November 2017

Sterling hit’s multi-month highs – 30th November 2017 Sterling continued to trade higher yesterday and is now trading comfortably above its closing rate on November 2nd, the day it fell following the comments made by the Bank of England in the wake of the interest rate hike. Yesterday it reached £/€ 1.1339 versus the Euro

A hard Brexit is looking like a real possibility – 28th November 2017

A hard Brexit is looking like a real possibility – 28th November 2017 A hard Brexit is looking like a real possibility as the EU’s leadership have once again issued another ultimatum to the UK’s Brexit negotiating team over the three primary areas they require proposals on before talks can move to discussing the future

Sterling holds steady as Brexit overshadows the Budget – 23rd November 2017

Sterling holds steady as Brexit overshadows the Budget – 23rd November 2017 If there were any proof needed that Brexit is the sole focus for investors at the moment, the reaction by the markets to yesterday’s budget was that proof. The outlook for growth until 2021 was downgraded by the Chancellor Philip Hammond, yet Sterling

Trouble Brewing at No. 10 Again – 13th November 2017

Trouble Brewing at No. 10 Again – 13th November 2017 Just about the only plank of support Sterling was receiving was unceremoniously removed over the weekend as another rebellions brewed to challenge emerged to the leadership of Prime Minister Theresa May with Boris Johnson and Michael Gove restating their Hard Brexit credentials. They also openly

Well…that wasn’t supposed to happen – 3rd November 2017

Well…that wasn’t supposed to happen – 3rd November 2017 In the press conference yesterday that followed the news that the UK Monetary Policy Committee had decided to increase interest rates by 0.25%, Mark Carney, the Governor of the Bank of England, explained that the prime reason behind inflation running at 3% (and rising) and was

UK Retail Sales Supports Sterling – 10th October 2017

UK Retail Sales Supports Sterling – 10th October 2017 During early September 2017, traders bought into Sterling on the belief that there was going to be an imminent interest rate rise from the Bank of England. On the surface, the UK economy is a long way from needing a rate hike when judged just on

Worst week in a year for Sterling – 9th October 2017

Worst week in a year for Sterling – 9th October 2017 Given the pressure that has been developing on Theresa May from members of her own party (notably from the previous Tory Party Chairman last week), messages of support for Prime Minister Theresa May coming from both Cabinet Members and backbenchers are therefore being treated

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