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2711, 2017

27th November 2017 – Market Update

By |November 27th, 2017|

GBP Quiet again on the data front this week from the UK - nothing of note being released today. With just the bank stress tests and Mark Carney’s speech before the month’s end. Bank of England rate hike forecasts send GBP rates higher this morning. Policymaker Silvana Tenreyro suggested [...]

2411, 2017

24th November 2017 – Market Update

By |November 24th, 2017|

GBP Yesterday GDP figures came in line with expectations at 0.4%. Having weathered the Autumn Budget and reduced forecasts for economic growth earlier in the week, GBP exchange rates suffered broad losses following downbeat IFS report - suggesting that Britain was facing two ‘lost decades’ of earnings growth. Today [...]

2311, 2017

23rd November 2017 – Market Update

By |November 23rd, 2017|

GBP Yesterday’s budget did little to the pound with the main focus still on the ongoing Brexit negotiations and monetary policy. The OBR revised productivity growth down from 7.5% to 5.7% over the next five years – its biggest ever downgrade. While March’s 2017 GDP estimate was downgraded from [...]

2111, 2017

21st November 2017 – Market Update

By |November 21st, 2017|

GBPThe Pound had extended its recent gains with GBP/USD hitting almost 1.3270 overnight before opening lower at around 1.3250.Sterling looking upwards on expectations that the UK cabinet will support an increase in the Brexit bill under certain conditions. No figure is being made public at present, but it is expected [...]

3010, 2017

30th October 2017 – Market Update

By |October 30th, 2017|

GBP Sterling will likely stay quiet until Thursday’s Bank of England meeting. With no economic data this week until the interest rate decision. There is huge speculation on whether there will be a rise in interest rates or not. Positive data last Wednesday hints towards a strong possibility. Expect [...]

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