Pound gains on dollar sentiment The growth in activity has remained widely stable. Due to the export supply chains supported over the past decline in sterling and some signs of increased domestic sourcing, the manufacturing output growth has increased again. The turnover growth in service sector remained moderate but the construction growth has diminished. As […]

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Sterling finds support The Bank of England has directed big lenders in the UK to find £116bn of capital as part of series of estimates to protect the taxpayers will never have to sell the banking sector. The Bank has created a process to instead fix banks in the place of putting them into insolvency […]

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Sterling continues to rise During the peacemaking speech intended to stimulate sinking exit talks on Friday, Prime Minister Theresa May said Britain is arranged to observe by European Union regulations and pay into the bloc’s coffers for two years after leaving the EU in March 2019. Amid pro-Brexit U.K politicians who raised damages that accused […]

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Greenback Recovers after FOMC On Wednesday, lan McCafferty stated about the predictions of the slow-motion economic slowdown over next three years in the British economy. Mark Mallinder, marketing director at EH Smith Builders Merchants said on twitter: “Balancing inflation & economic capacity will push interest rates up sooner rather than later predicts Ian McCafferty (BoE)”. […]

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Sterling Remains Unstable Yesterday’s daily candle broke below the mid lower trend line in the hourly chart and edged closer to Friday’s Open. The price on the hourly chart shows an upward weakness and continues to plot higher lows but remains range bound between 1.7993 and Friday’s close. Technical indicators are neutral while RSI has […]

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Sterling struggling to keep upside move What’s in the News? The yearly growth of house price diminished during the month of July and August from 2.9% to 2.1%. In the recent months, there was a decline in the house price growth to 2-3% from 4-5% which was obtained in the year 2016. The year 2016 […]

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Sterling Continues Its Good Run Sterling has been keeping its growth steady in the recent days and with the Bank of England inflation report and the policy meeting that is due this week, we look for more support to make it even stronger which has been climbing at a steady phase. The BoE’s reports will […]

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In Forex, trading on the right currency pair plays a prominent role in shaping your trades. While there are hundreds of pairs thrown out in front of your trading screens, the ultimate choice of singling out “few from many” comes down to the traders themselves. How then, do we pick the “right” pair from an […]

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