Category: Currency News

Steve Bannon Shown the Door

06 Apr 2017
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Former executive chairman for Breitbart News and chief strategist, Steve Bannon has been removed from the National Security Council (NSC) in a re-shuffle ordered by the president. The shake-up, which was highlighted by a new memorandum published in the Federal Register, has been welcomed by many, as Bannon’s initial appointment gave many political spectators the […]

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Sterling Celebrating Brexit Day

29 Mar 2017
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The pound has been performing rather bravely in the face of today’s unprecedented historical event. It had slipped after Prime Minister May signed Article 50 yesterday, but it’s now rising after optimistic remarks by Chancellor Philip Hammo…

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Sterling Strong on Brexit Eve

28 Mar 2017
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Sterling hit $1.26 yesterday as the markets reacted to Trump’s healthcare debacle which proved a poor start to his presidency. The new £1 coin is launched today on the eve of Article 50 being triggered in a historic move that could slash St…

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Brexit Tragedy: The Threat of No Deal

28 Mar 2017
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The door has opened and the exit sign is flickering at the end of the room. Before exiting the room, a letter is being written. It begins with Dear Donald Tusk, the time of the UK’s official notification to leave the UK has arrived. Kindest Regards, Theresa May.

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Price for Brexit: Decline in Living Standards

27 Mar 2017
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Despite article 50 being triggered on Wednesday, the economy still remains in good health. But there are signs of a slowing down as prices increase, inflation is at its highest, retail sales’ bounce back isn’t enough to recover December and January’s losses, and pay growth is significantly stalled.

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‘Trumpcare’ Fail Batters US Dollar

27 Mar 2017
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The pound has hit a 1-month high against the US dollar that’s been harmed by the Republican party’s failure to pass their own healthcare reform bill. Sterling will be super sensitive to data this week, just what you’d expect given tha…

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Everything You Need to Know about Article 50

27 Mar 2017
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On Wednesday article 50 will be triggered. 9 months have passed since the UK voted to leave the EU and the historical moment of the UK’s notification of withdrawal from the EU has arrived.

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Trump’s Do-or-Die Deal

24 Mar 2017
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Sterling briefly spiked above $1.25 when yesterday’s Retail Sales for February smashed expectations even though inflation drove sales down by 1.4% over the 3-month period. The fall in the value of the pound has made UK cars pre-Brexit bargains, d…

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Juncker: Tragic Brexit and Trump Being “Annoying”

24 Mar 2017
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The president of the European Commission, Jean-Claude Juncker, said in an interview to BBC aired on Friday, that he was sad about the UK referendum vote and Brexit, which he believes is a “failure and a tragedy.”

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Retail Therapy for the Pound

23 Mar 2017
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The pound briefly slipped from a 3-week high yesterday on the shocking news of a terrorist attack outside parliament. Today, although the mood is sombre, there’s good news in just released data showing UK Retail Sales unexpectedly rose by 1.4% in…

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