Sterling drops amid fresh Brexit turmoil

pound notes | Econ Alerts

Daily Analysis | 13 November 2017   The British pound opened with a negative gap today, following media reports over the weekend regarding domestic UK politics and Brexit. The first report suggested renewed turmoil within the Conservative Party, with 40 Tory MPs have agreed to sign a letter of no confidence in Theresa May. This […]

GBP takes another hit as Carney fails to impress bulls

uk pound money currency sterling | Econ Alerts

Daily analysis | 18 October 2017   Will UK interest rate hike be a one-off or will there be more to come?   Sterling took another dive yesterday, following some comments from BoE Governor Carney. His broader tone was not as hawkish as one would expect from a Governor ready to raise interest rates. Even […]

Sterling tumbles again on Brexit reports

Pound coins | Econ Alerts

Daily analysis | 17 October 2017   Pound falls due to lack of progress in Brexit talks   The British pound stumbled yesterday, following a report that the Brexit negotiations may be heading for a “catastrophic breakdown” unless the EU allows talks to move on to trade soon. The report added that if a transitional […]

Brexit talks heighten volatility in the pound

Daily analysis | 13 October 2017   Concerns over Brexit creates volatility with Sterling   The British pound traded in a rollercoaster manner yesterday, as attention turned back to the Brexit negotiations. The currency initially tumbled, after the EU’s chief negotiator Michel Barnier said that Brexit talks have reached a stalemate, without any significant progress […]

Sterling recovers, but for how long?

Pound - Sterling | Econ Alerts

Daily analysis | 10 October 2017   Possible UK interest rates rise coming?   The British pound opened with a positive gap yesterday, and continued higher for most of the day, recovering some of the losses it posted last week. The move came as the Office for National Statistics (ONS) revised up its wage growth […]

Theresa May’s election gamble backfires!

UK election 2017 - Econ Alerts

June the 8th 2017 has seen Theresa May’s Conservatives party win the UK general election, but without a majority prompting a hung parliament. When British PM Theresa May called for a general election on the 19th of April it was widely expected her Conservative Party would win by a landslide. The polls had Theresa May’s […]

Sterling falls after Philip Hammond delivers 2017 UK budget

Phillip Hammond - Econ Alerts

The UK Chancellor delivered the 2017 UK budget statement on 08/03/2017, some of the issues highlighted before the statement was announced were: The social care system The National Heath Service Businesses rates Since the beginning of February Sterling has fallen against the Dollar from about 1.27 to levels of about 1.22 – 1.21, the price seems to be in a […]

UK economy shows strength for the end of 2016

Building Construction - Econ Alerts

The UK economy was to suffer a sharp drop in growth after voting to leave in the Brexit referendum – this was the sentiment of the Bank of England. Although there was an immediate fall in the value of the Pound, according to the ONS the UK’s construction and manufacturing industries have both grown in December 2016.  Other ONS […]