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The Pound (GBP) trended higher against the other majors overnight on Thursday as investors reacted poorly to news from the European and US markets.
Sterling was also strengthened this morning as the Bank of America revised its forecast for the Pound this year, suggesting GBP/USD will hold at around $1.25.
However, the Pound may struggle to advance later today as the UK’s latest GDP figures are expected to show that economic growth tumbled in the first quarter of 2017. View article >
The Pound (GBP) pushed higher against the majority of its peers this morning as investors flocked to Sterling after the disappointing release of Donald Trump’s long awaited tax reforms.
Meanwhile the Pound continued to be strengthened by the upcoming general election as markets predict that a larger majority for the Conservatives will help to strengthen Prime Minister Theresa May’s position in Brexit negotiations. View article >
The Pound (GBP) surged against its commodity related peers this morning, but saw itself fall against its more stable rivals, the Euro (EUR) and US Dollar (USD).
Markets reacted with trepidation to yesterday’s Public Sector Borrowing data as while it came close to Chancellor Philip Hammond’s budget target for the 2016/17 financial year, economists fear that the public deficit is likely to spike again next year. View article >
The Pound (GBP) struggled to push higher against its main rivals on Monday as investors’ attention was on the Euro following the first round of French elections.
A report from the Confederation of British Industry (CBI) on UK Business Confidence also applied some downward pressure on Sterling yesterday as the data showed that sentiment for the second quarter plummeted to 1 (down from 15 the month before) as firms predict that domestic demand for UK goods will drop over the next three months. View article >
The Pound (GBP) had a mixed start to this week’s session but sentiment remained largely upbeat following Prime Minister Theresa May’s call for an early general election in June.
Analysts expect the early election will lead to greater Conservative majority in parliament, allowing May to pursue her plans to leave the single market without any major resistance and strengthening her hand in Brexit negotiations. View article >
The Pound (GBP) held steady against most of its peers yesterday as markets remain optimistic that the snap election called by Prime Minister Theresa May will lead to a great majority for the Conservatives.
Investors are confident that a landslide victory for the PM in June’s general election will grant her the mandate to pursue her plans for leaving the single market and strengthen her position in Brexit negotiations. View article >
The Pound (GBP) remained close to multi-month highs against the other majors this morning following the vote by the House of Commons to back Prime Minister Theresa May’s call for an early general election.
Investors remain confident that the election will lead to a greater majority for the Conservatives, granting May a mandate to pursue her plans for Brexit and strengthening her position in negotiations with the EU. View article >
The Pound (GBP) surged against the other majors on Tuesday following the surprise announcement from Prime Minister Theresa May calling for a snap election to be held in June, with her main political opponents voicing their support.
The majority of current opinion polls suggests that the Conservatives have their largest lead against Labour since Thatcher, with a lead of around 17 points likely to give the Tories a larger majority in Parliament. View article >
The Pound (GBP) rose sharply against the major of its peers this morning as Theresa May called a suprise snap election. This helped the pound in a market where investors remain focused on international events such as the US Government’s increasingly aggressive stance towards North Korea, the controversial referendum in Turkey and the uncertainty of the French elections. View article >
The Pound (GBP) ticked higher against most of the other majors yesterday following the release of robust unemployment figures from the UK.
However while the UK unemployment rate held at a twelve year high of 4.7%, markets have grown increasingly concerned about the slow rate of wage growth as it fails to keep ahead of the current rate of inflation, with analysts predicting that consumer spending will begin to plummet in the second quarter of 2017. View article >