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Tag: ecb

Pound gains after positive Brexit news

Sterling rallied more than half a percent to hit a two-day high after a media report that Britain would tell Brussels it was prepared to stay in the European Union’s […]

Dollar weakens after recent highs

Sterling rose on this morning against the dollar which weakened against other majors. Investors focused on economic data that could help the pound recover after the Bank of England last […]

Market Update

Today seems likely to be a quiet end to the week with no significant new economic data in either the Eurozone or the UK. Today’s second reading for April Spanish […]

All doom and gloom for Sterling

British Industrial growth slightly rose in March, therefore confirming a gloomy first quarter for the economy that pretty much confirms no Bank of England interest rate hike later today. The […]

Market Update

Sterling fell against the dollar today as the U.S. currency strengthened on the back of rising Treasury yields, while traders remained cautious ahead of British GDP numbers due on Friday. […]

Sterling hits fresh lows against the dollar

Sterling dropped to its lowest since level since the middle of March, its sixth consecutive daily fall as investors are worried about the performance of the British economy. April has […]

Carney comments hammer the pound!

BoE Governor Carney, in an interview last night, seemed somewhat less committal in regards to tightening policy in the UK, focusing more on the slow path in the coming years […]

UK Wage Growth Stalls

The Office for National Statistics (ONS) showed today, the UK’s average weekly earnings, excluding bonuses matched expectations, arriving at 2.8% 3m y/y versus 2.6% last while the gauge including bonuses […]

Pound continues to out perform

The pound rose today despite Britain’s military intervention in Syria, as investors focused on data that could help shore up expectations of a May interest rate hike. Britain struck Syria […]

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