Sterling Rises After UK GDP Data

Pound Strengthens After UK Ecostat Release The pound rose against both the US dollar and the euro on Tuesday after slightly better than expected GDP data from the UK was published on Tuesday morning. Although quarterly GDP numbers showed the UK economy stagnated in the last quarter of 2019, [...]

By |2020-02-11T16:23:17+00:00February 11th, 2020|Currency|0 Comments

Volatile Start to February for Sterling

Choppy Trade for GBP It's been an interesting start to the month for the pound, with average daily movements of around 1% on both Monday and Tuesday. The UK currency started the week on the back foot after fears of a hard Brexit resurfaced, following the UK's formal departure [...]

By |2020-02-04T16:33:24+00:00February 4th, 2020|Currency|0 Comments

Sterling Rises After Employment Data

Pound Rises for Second Consecutive Day The pound rose against both the US dollar and euro on Wednesday, for the second straight day, after better than expected employment data on Tuesday gave sterling a much-needed boost. Figures published by the Office for National Statistics on Tuesday morning revealed a [...]

By |2020-01-22T16:57:16+00:00January 22nd, 2020|Currency|0 Comments

Poor Inflation figures weaken Pound

Will the BoE cut rates? UK inflation figures were published yesterday morning (9:30am) which came in at the lowest reading seen for the past three years (Nov 2016). The rate dropped to 1.3%, down on the anticipated 1.5%. This has raised fears of a potential interest rate cut by [...]

By |2020-01-16T10:22:41+00:00January 16th, 2020|Currency, Financial, Governments|0 Comments

Sterling Rebounds as Investors Buy the Dip

GBP/EUR Rises to 1.17 The pound staged a modest comeback against both the euro and the dollar on Tuesday as investors saw the recent weakening of the currency as an opportunity to buy it at a bargain price. As a result, sterling rose to trade above 1.30 against the [...]

By |2020-01-14T16:18:34+00:00January 14th, 2020|Currency|0 Comments

Pound drops on fresh No-deal fears

Sterling loses one percent over night Traders awoke to more volatility this morning with reports coming out that Boris and his ‘Blue wall’ are planning on adding an amendment to the Brexit withdrawal bill which will rule out the chance of any further delay to negotiations with the Bloc. [...]

By |2019-12-17T09:43:27+00:00December 17th, 2019|Currency, Financial, Governments|0 Comments

Pound Stable in run up to election

GBP/EUR sitting in high 1.18’s The pound has been relatively stable over the past two days trading and still holding on to its multi month highs against the other majors. With a lack of opinion polls being released there hasn’t been much for investors to move on. Most are [...]

By |2019-12-11T15:58:39+00:00December 10th, 2019|Currency, Financial|0 Comments
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