February 11, 2019
When Carney Talks, its markets that listen not politicians.

When Carney Talks, It’s Markets That Listen, Not Politicians

The head of the UK central bank Mark Carney has strongly warned that if a no deal Brexit occurs, Britain will face the weakest growth since the 2008 financial crisis. Central bank describes a “Brexit fog” A no-deal scenario risks at least 2 quarters of negative growth 2019 growth forecast cut from1.7% to 1.2% BoE […]
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 […]
August 15, 2018

GBP Stagnant Despite Interest Rate Rise

The Bank of England raised UK interest rate by 0.25% on Thursday marking the second rise in less than a year. Despite political and economic uncertainty due to Brexit and the weak government the Bank of England followed to adopt the global trend and raise interest rates to 0.75%. The interest rate rise marks the […]
April 23, 2018
UK Sterling Pound, 5 pound bill

Sterling Tumbles as BOE Cools Appetite for May Interest Rate Rise

While many would have thought last week that Sterling was on a March back to pre-Brexit levels (GBP-USD), a run of dismal data has but put that ambition to bed, or at least on ice for the moment.