December 5, 2018
British Union Jack flag flying in front of the Bank of England i

Bank of England Deliver No-Deal Brexit Warning – GBP Falls

Mark Carney Governor of the BOE provided a wake-up call for the British public this week delivering his no deal economic predictions. The Bank’s predictions which covered UK growth, effects on employment, currency volatility and property prices, drove the pound lower. The Pound lost ground against both the Euro and Dollar. Whilst the Bank was […]
November 1, 2018

GBP/EUR Currency Pair Approaches Month Low as NIESR Paint NO-Deal Picture

The Pound fell sharply today following a report which showed the financial and growth implications of a No-deal and soft Brexit outcomes. The report published by the National Institute of Economic and Social Research highlighted the financial implications of both scenarios. The report which was released in a timely fashion with Halloween just around the […]
June 27, 2018
London, United Kingdom

Pound Gains Following Interest Rate Sentiment – but Will It Last?

The pound has enjoyed decent gains this week following the latest Bank of England rate decision. Whilst UK interest remained at 0.5% a change of sentiment is clearly changing with 3 monetary policy members voting to raise UK interest rates to 0.75%.
May 15, 2018
stacks of coins

UK Interest Rates Remain on Hold – What’s Holding the UK Economy Back?

Sterling took a pounding (pun intended) as the Bank of England paused for thought again on whether to raise interest rates, eventually deciding against the move. The move to raise interest rates once again received support with 2 MPC members voting for a 0.25% interest rate rise.
March 2, 2018
European parliament

Sterling FX Rates Rally as EU Parliament Seeks Better Mediation

The majority of Sterling FX rates progress was fuelled by comments from the EU parliament who have called for more convivial Brexit talks following this week's continued negotiations.
February 6, 2018
British Pound Sterling rates drop

Pound Exchange Rate Drops to a Two-Week Low as UK Services Hits 16-Month Low

The pound exchange rate ground to a two week low following the release of the latest services PMI which demonstrated the predicament the UK economy finds itself in, with much speculation around trade deals and a post Brexit services industry, notably financial services the latest figure will do little to inspire. UK services PMI performance […]
November 7, 2017

Dovish Interest Rate Rise Rocks GBP Rates

The Bank of England increased interest GBP rates for the first time in a decade in a move which over 70% of economists criticised.
September 17, 2017
Pound Rate london-2427129_1280_1000x500

Pound Rate Picks Up Pace Following Bank Of England Rate Comments

As many had anticipated Mark Carney and his team at the bank of England kept rates at a steady 0.25% and left their asset purchase program untouched. The committee voted 7-2 in favour of leaving rates at 0.25%. With now more necessity to look at rate rises the tone of Bank Of England helped Pound […]
September 13, 2017
British sterling pound

Pound Sterling Hits a Year High Against the US Dollar

The Pound Sterling to US Dollar rate hit a one year high this morning following the release of the latest UK inflation Figures. The Consumer price index (CPI) was anticipated to show that inflation was on target at 2.8% however it exceeded target reaching 2.9% and put the question of rate rise back in focus. […]