Category: United Kingdom

UK Budget 2017 – Hammond’s “Upbeat” Future

08 Mar 2017
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Chancellor of the Exchequer, Phillip Hammond will use his first Budget speech to help prepare Britain for a “new chapter” in history after Brexit. He is expected to make an “upbeat” speech, stating that the economy has been resilient since the referendum, however will concede that some families are “feeling the pinch.” With this is […]

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EU members halt Brexit talks amid €60bn bill

24 Feb 2017
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It has only been a few hours since the Tories won the Copeland by-election, where it was affirmed that this seat gain would furthermore strengthen Theresa May’s grip on British politics. Unfortunately, this grip hasn’t extended to conducting free talks with the EU on Brexit, as an increasing number of member states have taken a […]

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Barclays profits boom in 2016

23 Feb 2017
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Barclays has reported an increase in their annual pretax profits after making “strong progress” in reorganization. The bank reported an adjusted pretax profit of £3.2bn for 2016, which is up from £1.1bn the year before, although this was lower than original forecasted figure of £3.97bn. However, Barclays has been fortunate where it has benefitted from […]

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27 June 2014 – Aussie Dollar rally limited (OZ FOREX)

27 Jun 2014
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By Michael Judge Australian Dollar: The value of the Australian dollar has remained steady over the course of the past 24 hours a period in which trading ranges have tightened significantly. Almost stalling completely, lows of 0.9395 were countered by a highs of 0.9417 for the higher yielding asset when valued against its US Counterpart. […]

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27 June 2014 (Currency Solutions)

27 Jun 2014
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UK GDP Growth Accelerates Less than Expected Data just out has confirmed that the UK economic growth was revised downwards during the first quarter. However, it still continues to grow at a healthier pace, indicating that the recovery is on track and has raised expectations for a rate hike. Although, the UK housing market appeared […]

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26 June 2014 – Greenback lower, AUD strengthens (OZ FOREX)

26 Jun 2014
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By Michael Judge Australian Dollar: The Australian dollar once again finds itself trading up above the 94 US Cents mark upon open this morning with demand for the domestic unit being bolstered by a greenback which was sold across the board. Managing to capture gains worth more than half a cent US economic reports overnight […]

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26 June 2014 (Currency Solutions)

26 Jun 2014
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UK Financial Stability Report and Carney’s Speech Eyed Following a mix of dovish and hawkish comments from the BoE Governor over timing of interest rate hikes, his speech later today will be monitored for further direction. Some realistic measures are likely to be implemented in today’s Financial Stability report by the central bank in order […]

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25 June 2014 – Data flows favour a stronger Greenback (OZ FOREX)

25 Jun 2014
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By Michael Judge Australian Dollar: Proving just how thin the air remains up above the 94 US Cents mark the Australian dollar has fallen overnight on reports of escalating tensions in the Middle East, tensions which favoured a move back into the world’s reserve currency. With the US dollar strengthening across the board the Aussie […]

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24 June 2014 – China factory data spurs demand for the AUD (OZ FOREX)

24 Jun 2014
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By Michael Judge   Australian Dollar: Making a notable move in an upward direction yesterday demand for the Australian dollar was bolstered after figures showed China’s factory sector expanded in June for the first time in six months. With the HSBC Flash PMI reading of 50.8 comfortably surpassing the forecasted result of 49.7, the improvement […]

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24 June 2014 (Currency Solutions)

24 Jun 2014
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UK BBA Mortgage Approvals Drop The just out disappointing mortgage approvals report in the UK should alleviate concerns the BoE may have that rising prices in the housing market are indicative of the start of a bubble. Nevertheless, this week’s Financial Stability report would be keenly watched for measures to curb the overheating domestic housing […]

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