Sterling surges 2% against the Dollar

Sterling surged over 2% percent against the Dollar and hit it’s highest levels since mid-December on 18th April, after British Prime Minister Theresa May surprised markets by calling an early parliamentary election for the 8th June.

Britain's exit could be tough and protracted

Last week British Prime Minister Theresa May triggered Article 50 of the EU's Lisbon Treaty with a formal notification of Britain's intent to leave the bloc on this afternoon, kicking off a two-year period of exit talks. Most analysts said the actual triggering of Article 50 will only have symbolic significance for investors, with the real driver for sterling being how negotiations with the EU will play out, and the health of the British economy going forward. Investors' main fear is that a "hard"...

Sterling surged over 2% percent against the Dollar and hit it’s highest levels since mid-December on 18th April, after British Prime Minister Theresa May surprised markets by calling an early parliamentary election for the 8th June.

Last week British Prime Minister Theresa May triggered Article 50 of the EU's Lisbon Treaty with a formal notification of Britain's intent to leave the bloc on this afternoon, kicking off a two-year period of exit talks. Most analysts said the...

Early on this month the number of jobs added to US non-farm payrolls in January soared to 227,000, Economists had expected a rise of 175,000 jobs during the last month, but the measure instead jumped to its highest point since July. However...

Manufacturing in the Eurozone started 2017 with a bang yesterday after figures showed the biggest ramp-up in production across the bloc for five years.The purchasing managers’ index (PMI) data for Eurozone factories reached 54.9, comfortably...

2016 will forever be remembered for the impact political unrest has had on the currency markets. Businesses involved in Foreign Exchange have all been impacted by the UK’s decision to leave the EU. A controversial celebrity being elected as...

In September The Bank of England revealed the details of its £10bn money-printing programme, in which it will buy high-quality company bonds. The central bank said it aimed to buy bonds so that its holdings were representative of the British...

A quarterly business survey by the CBI reveals optimism about the UK economy among British businesses has fallen at the fastest rate since January 2009. More than half of businesses surveyed said they were less optimistic about the business...

The Bank of England’s Martin Weale signalled that he is not yet ready to vote for an interest rate cut in what will be his final meeting as a member of the Monetary Policy Committee.

On Tuesday 28th June UK financial markets remain volatile in the wake of the Brexit vote, with sterling plunging to a 31-year low against the dollar after Standard & Poor and Fitch downgraded the UK’s credit rating yesterday.


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