UK Dec services PMI hits 8 month high
The British pound gained ground against the US dollar earlier Thursday, both before and after the release of the December services PMI. Data experts IHS Markit reported services sector activity grew at the fastest pace since April 2017. The details behind that rise, however, were mixed.
Euro Zone Dec PMI record high confirmed last month
The British pound was little changed in the wake of the weaker than expected UK manufacturing purchasing managers index, Tuesday. The closely watched index showed the pace of growth was slower than had been anticipated in December.
Steady US Fed policy also supports sterling December 2017
The British pound made steady gains overnight and earlier Thursday in the wake of the Wednesday US Federal Reserve policy meeting and better than expected UK retail sales data. While rates rose, as expected, the central bank kept its outlook unchanged, which hurt dollar sentiment.
Employment, real earnings both fall December 2017
The British pound moved lower Wednesday morning, following a disappointing UK jobs report. Sterling had made gains against the dollar earlier, as an electoral win for Democrat Doug Jones in Alabama weakened the Republican’s Senate majority.
UK Nov CPI rate hits 3.1%
The British pound gained some support earlier Tuesday from official data showing a higher-than-expected increase in the UK’s consumer price inflation rate. However, the UK currency lost a little ground, shortly after the release.December 2017
Consumer spending, UK trade outlooks weaken
The British pound remains subdued in Monday morning trading. Investors appear cautious amid continued Brexit uncertainty and a brace of downbeat UK surveys published overnight.December 2017
Jobs growth above forecast, earnings growth disappoints
The US dollar gained strength following the release of monthly US non-farm payrolls data Friday. The report showed payrolls rose, although earnings growth disappointed.December 2017
Leaders announce accord on first phase of Brexit talks
The British pound moved higher earlier Friday, following news an agreement has been struck over the Irish border issue, paving the way for Brexit negotiations to finally move forward to the next phase.December 2017
Senate and House agree bill negotiations
The US dollar is holding on to earlier gains mid-afternoon Thursday, as investor sentiment is buoyed by the US government’s efforts to deliver the US tax reform bill to US President Trump, this side of Christmas.December 2017
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Manufacturing PMI hits 51-month high
The British pound is holding around the $1.35 level, following a stronger than expected manufacturing PMI result, as cable hits some resistance in the mid $1.35 area.December 2017
Irish hard border seen avoided
The British pound drove higher Monday, following news discussions surrounding the Irish border issue appears to have been settled.December 2017
Work ongoing over Irish border, Brexit issue
After riding high on reports of an agreement on the Irish border, Brexit issue, the British pound lost all the ground it had made, plus more, on news that wasn’t quite the case. Sterling came under further pressure Tuesday morning, on disappointing data, too.December 2017
Bumpy week ahead for sterling
The British pound is pushing higher against the US dollar Monday, mainly on dollar-related weakness. However, sterling is likely in for a bumpy week as the UK Budget announcement is due Wednesday.November 2017
CBI orders activity hit 20 year high
The British pound is trading in a narrow range Tuesday although it did gain some support from upbeat CBI data mid morning.November 2017
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