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Bank Of England Maintains Interest Rates At 0.25% In The Most Split Vote In 6 Years
Thursday, June 15, 2017 - 9:43am | 309Read More...The British pound spiked higher early Thursday morning after the central bank members were split on how to proceed with its key interest rates. The British pound was trading just below the $1.2700 level but the interest rate decision sent the currency to the $1.2788 level but has since declined...
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Investors Are Ignoring A Potentially Large Disruptive Event
Monday, June 5, 2017 - 12:21pm | 392Read More...The Dow Jones Industrial Average is solidly trading 200 points above the "Dow 20K" milestone, which may suggest that the market is healthy with no immediate tailwinds that can result in large scale panic. Investors who think this is the case might be mistaken, at least according to BK Asset...
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British Pound Falls Ahead Of Next Week's Election
Wednesday, May 31, 2017 - 8:55am | 368Read More...The British pound fell on Wednesday and is trading a near a one-month low of $1.2775 amid political uncertainty across the pond. U.K. Prime Minister Theresa May shocked the political landscape in April when she called for an early election in June 2017. May's Conservative party holds a majority of...
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More Signs Brexit Fears Were Overplayed? UK Retail Sales Marked Fastest Pace Of Growth In 19 Months
Thursday, April 27, 2017 - 11:15am | 325Read More...Prior to the Brexit vote last summer, British supporters of the "leave" campaign were cautioned that a vote to exit the European Union would result in economic hardships. Nearly a full year has passed since the vote and there are growing signs these warnings were wrong. According to a...
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The British Pound Is Showing Signs Of Volatility For No Real Reason
Wednesday, March 15, 2017 - 8:18am | 403Read More...The United Kingdom is about to embark in a new era as "Article 50" is expected to be triggered by the end of the month, which launches the official Brexit process. The article gives the European Union official notice that the country will be leaving the organization, so naturally the...
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GBP/USD Little Higher, U.K. Unemployment Improves
Wednesday, March 15, 2017 - 6:43am | 56Read More...GBP/USD is trading at 1.2186, up 0.0030. The U.K. Office for National Statistics ( ONS) reported that U.K. unemployment improved to 4.7 percent during January from 4.8 percent in December. Earnings, excluding bonuses rose by 2.3 percent versus 2.6 on the previous report. The number of people on the...
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GBP/USD Lower Ahead of Data
Tuesday, March 14, 2017 - 10:53am | 74Read More...GBP/USD is trading at 1.2148, down 0.0057. The pair is trading rangebound as overseas forex traders wind down trading for the day. Market talk about recent comments from U.K. policy makers and headline news has kept buyers and sellers active. Chatter about U.K. economic data due out Wednesday...
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GBP/USD Moves Down
Tuesday, March 14, 2017 - 6:52am | 54Read More...GBP/USD is trading at 1.2125, down 0.0079. The pair is trading choppy and just above the session lows. Market talk about U.K. headline news and the U.K. economy is making the rounds. The U.K. Office for National Statistics (ONS) is scheduled to release U.K. unemployment data Wednesday at 5:30 a.m...
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GBP/USD Trading Higher, BOE in Focus
Monday, March 13, 2017 - 11:32am | 78Read More...GBP/USD is trading at 1.2236, up 0.0083. The pair is trading choppy near the session highs as overseas forex traders wind down trading for the day. Market talk about global headline news and the upcoming Bank of England policy meeting is making the rounds. The Bank of England (BOE) Monetary...
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Article 50 Could Be Triggered Soon: Here's What You Need To Know About The Brexit Process
Monday, March 13, 2017 - 11:30am | 423Read More...The British people voted in the Brexit referendum last year to leave the European Union. Although many months has passed since the vote, the process will officially begin when the country's Prime Minister Theresa May triggers "Article 50" as promised by the end of March. Article 50 of...
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GBP/USD Trading Higher
Monday, March 13, 2017 - 5:12am | 54Read More...GBP/USD is trading at 1.2215, up 0.0062. The pair is trading choppy and little under the session highs. Market talk about U.K. headline news and comments from policy makers is making the rounds. The U.K. Office for National Statistics (ONS) is scheduled to release U.K. unemployment data Wednesday...
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GBP/USD Little Changed, BOE in Focus
Friday, March 10, 2017 - 11:12am | 118Read More...GBP/USD is trading at 1.2156, up 0.0002. The pair is trading rangebound as overseas forex traders prepare to wind down trading for the day. The U.K. National Institute of Economic and Social Research (NIESR) forecast that U.K. GDP (gross domestic product) for the three month period ending in...
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GBP/USD Trading Steady, U.K Trade Deficit Little Changed
Friday, March 10, 2017 - 7:13am | 55Read More...GBP/USD is trading at 1.2157, up 0.0003. The U.K. Office for National Statistics reported a trade deficit of 1.97 billion Sterling in January versus a 2.03 billion Sterling deficit in December. The U.K. National Institute of Economic and Social Research (NIESR) is scheduled to release U.K gross...
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GBP/USD Little Changed, U.K Manufacturing Production Falls
Friday, March 10, 2017 - 6:54am | 47Read More...GBP/USD is trading at 1.2162, up 0.0007. The U.K. Office for National Statistics (ONS) reported that U.K manufacturing production fell 0.9 percent in January versus a 2.2 percent rise in December. Year over year U.K manufacturing production rose 2.7 percent in January versus a 4.2 percent rise in...
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GBP/USD Little Higher, U.K. Industrial Production Slips
Friday, March 10, 2017 - 6:49am | 47Read More...GBP/USD is trading at 1.2165, up 0.0010. The U.K. Office for National Statistics (ONS) reported that U.K industrial production fell 0.4 percent in January versus a 0.9 percent rise in December. Year over year U.K. industrial production rose 3.2 percent in January versus a 4.3 percent rise in...
