Articles Archive for September 2016
Currencies, French News, sterling »
The pound suffered huge losses in late Friday trading, compounded by a mix of strong US inflation numbers and more critically the fact that the Bank of England maintains its stance that more Brexit pain is due to come. Adding to that, reports emanated on Friday afternoon that Chancellor Hammond has given up on retaining […]
French News, interest rate cut »
The Bank of England rate decision meeting didn’t provide any fireworks yesterday, as UK policymakers voted 9-0 in favour to keep interest rates unchanged. Despite signalling further rate cuts in the future, the decision didn’t come as a surprise considering the amount of stimulus they introduced last month. The central bank is monitoring recent data […]
Brexit, Currencies, French News »
Sterling strength continued last week following the surprising news that UK data rose above expectations. The recent data throughout the past couple of weeks has contributed massively in easing concerns of an immediate post Brexit shock to the economy. We should expect to see rising tension in the newly-formed Cabinet today following PM Theresa May’s […]