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UK News Finally there is some signs up good news for the pound as Theresa May looks as if she is going to be the new Prime Minister in the UK. With this said, the pound has rallied acorss the board over night against both the euro and the US Dollar. Today’s releases come with …
Continue reading “Teresa May gives the pound some certainty”
US News Signs of support for safe-havens continued last night, including things like Japanese Yen and Gold. Initial Jobless Claims are scheduled for this afternoon, this will give us a rough idea of what to expect in tomorrow’s more significant non-farm payrolls. UK News UK Industrial and Manufacturing production are both set to decline in …
US News The US joins the game again today with the ISM Non-Manufacturing figures. We do expect to see a small increase from 52.9 to 53.3and after the dollar hits its highest point against the pound since 1985, any positive key releases ill surly drive it further. Friday’s Non-farm payrolls in the US will be …
Continue reading “Dooms day turning into dooms week for the pound… Can it get much worse?”
US News A relatively quiet start to the week with a public holiday in the US for independence day. UK News The Construction PMI fell this month in the UK from 51.2 to 46.0. Anything close to 50.0 is a relatively positive release – todays was set to drop slightly but not as much as …
Continue reading “Pound falls further after referendum to leave the EU”
GBP News A quiet start to the week across the board in terms of economic data, although picks up rather quickly in tomorrow’s UK CPI and US retail sales data. This morning, the pound has fallen by around one pc against both the euro and the US Dollar. Tomorrow’s Consumer Price Index in the UK is …
UK News In the UK this morning, Aprils industrial production figures, along with the external trade and construction out put data later on in the week, will provide us with the first of the hard data outlook for Q2. It looks as if there could be a slight drop in the growth due to the …
Continue reading “Markets settle after ‘fat fingers’ mistake”
UK News In the UK this weekend a poll has changed the views on the UK referendum and it now looks just as likely that we are going to leave the EU as it does that we are going to stay. A near 4% sway in the votes from this time last week has left the …
Continue reading “‘Brexit’ looking more likely than ever before!”
What has been an eventful year for the Pound the festive period is very quiet in terms of economic data all-round therefore movement wise may be limited. US Dollar exchange rates The dollar hasnt had this good a year since the Berlin Wall fell, Taylor Swift was born and the World Wide Web was conceived. …
Pounds to Euros The pound exchange rate rose to a three-week high against the euro exchange rate ass the report showing UK Services expanded in November faster than analysts forecast signaled that the economy is weathering stagnation among its European neighbors. Why is anyone surprised as half of Italy and Spain’s youth are unemployed and …
Pound Rallies following latest results from an independent poll on Scottish referendum Buying US Dollar Exchange Rates In the US, initial jobless claims for the week ending August 6th are expected to show a decline to 295k from 302k previously. Today’s claims data will be looked at for signs that’s last weeks weaker than expected …