Sterling Strengthens After Weekend Election Polls

Pound Starts Week on Front Foot The pound made decent gains against both the euro and the US dollar on Monday as the latest election polls suggest the Tories will comfortably win the election with a 48 seat majority. As a result, sterling has gained around 0.5% against its [...]

By |2019-11-25T17:16:15+00:00November 25th, 2019|Currency|0 Comments

Pound gains on voting polls

A lack of data from the UK this week will allow the exchange rates to be dominated by Brexit and opinion polls once more. In the early trading hours of Monday morning GBP sellers were pleased to see that the Pound had strengthened against all the major currencies by [...]

By |2019-11-19T16:57:58+00:00November 18th, 2019|Currency, Financial, Governments|0 Comments

Pound strengthens on UK data

The pound saw more positive gains today hitting highs not seen since May this year. GBP/EUR picked at €1.1673 and the cable rate finished the days trading in the mid to high $1.28’s. Wage growth in the UK slowed in the previous quarter but analysts and investors seemed to [...]

By |2019-11-12T17:36:59+00:00November 12th, 2019|Currency, Financial|0 Comments

Pound surges against EUR and USD

Brexit Party stands down in Conservative seats The UK economy managed to dodge recession today, but the annual growth is the slowest it’s been since 2010. Britain’s economy grew at its slowest pace in nearly a decade during the three months to September as the global slowdown and Brexit [...]

By |2019-11-11T14:13:40+00:00November 11th, 2019|Currency|0 Comments

Pound Unchanged After BoE Quarterly Inflation Report

GBP/EUR Remains in Low 1.16's It was a fairly choppy day for the pound on Thursday as the UK currency initially weakened following the MPC's interest rate vote but then clawed back the lost ground to end the day almost unchanged, hovering in the low 1.16's against the euro [...]

By |2019-11-07T17:42:06+00:00November 7th, 2019|Currency|0 Comments