Euro at Risk if PMI Data Stumbles, Confident BOE May Lift Pound

Euro at Risk if PMI Data Stumbles, Confident BOE May Lift Pound

Talking Points: Euro at risk if disappointing PMI data cools ECB tightening speculation Pound may rise as hawkish BOE rhetoric compounds Brexit-linked gains US Dollar looks to January’s FOMC meeting minutes to extend recovery The preliminary set of February’s Eurozone PMI surveys is also due to cross the wires. The region-wide composite gauge is expected […]

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Asia AM Digest: US Dollar Up, British Pound Gains on Brexit News

Asia AM Digest: US Dollar Up, British Pound Gains on Brexit News

To get the Asia AM Digest every day, SIGN UP HERE On Tuesday, the US Dollar continued inversely following Wall Street. Indexes such as the S&P 500 and Dow Jones declined for the first time in six trading days, falling more than 0.5% and 1.0% respectfully. Meanwhile, yields on local 2-year government bonds rose to […]

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Here's Why 'LB' Stands For 'Pound'

Here’s Why ‘LB’ Stands For ‘Pound’

Most measurements in the English language have pretty straightforward abbreviations ― “tbsp” for tablespoon, “qt” for quart, “yd” for yard and so on. So why, then, do we use “lb” to refer to pound? The answer goes back to ancient Rome. “Lb” is an abbreviation of the Latin word libra. Astrology buffs will know that Libra […]

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Manufacturing growth continued at a healthy pace in the quarter to February, but order books weakened, according to a CBI survey.

Manufacturing order growth eases back as pound boost fades

By Press Association Published: 07:13 EST, 20 February 2018 | Updated: 07:13 EST, 20 February 2018 Britain’s manufacturing sector has continued to expand at a healthy pace, but new figures show weaker growth in order books in the latest sign that the boost from the weak pound is beginning to fade. The latest industrial trends survey […]

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Pound falls below 1.39, delated by downbeat UK data

Pound pops on ‘privileged access’ talk

There’s been a swift moving higher in Sterling this morning on the back of some market chatter that the EU parliament will call for the UK to have privileged single market access after Brexit. The appreciation has weighed no the FTSE with the index falling lower by more than 30 points and drifting back towards […]

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POUND PIVOTING – BOE PREVIEW

Rate hikes, not Brexit to Drive pound

The British pound is expected to push Brexit negotiations aside for the next 3 months and instead the currency will be driven by economic data which may translate into an interest rate hike, depending on the outcome of the news. In their latest rate decision, the Bank of England kept rates on hold as expected, […]

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Euro to Pound Exchange Rate Slides as Eurozone Economic Confidence Drops Off

Euro to Pound Exchange Rate Slides as Eurozone Economic Confidence Drops Off

Sliding Eurozone Confidence Levels Trigger EUR/GBP Exchange Rate Losses The Euro to Pound exchange rate has dropped by -0.5% today, following the release of disappointing economic confidence readings for February. The ZEW economic sentiment scores for Germany and the Eurozone have fallen in February, although not to the levels predicted by economists. This has also […]

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