Search Results for: Bank of England
Pound to Euro Rate: Beware a Capitulation Lower
December 15th, 2016
The British Pound is recovering from recent lows against the Euro thanks to some better-than-forecast employment and earnings data but we hear from one leading analysts that the GBP/EUR could be destined to fall as low as 1.11 again. ...
Why Europe must end in tears
December 11th, 2016
The latest consequence of economic mismanagement in Europe was the failed attempt at constitutional reform in Italy this week. The Italian people have had enough of their government’s economic failure, and is refusing to give it more power. The ...
ACCA: Rise of the Robots is the advent of Accounting
December 8th, 2016
In a speech to Liverpool University last night, Bank of England chief Mark Carney estimated that up to 15 million of the current jobs in Britain could be automated over time, with whole professions—including accounting—eliminated. John Williams, head of ...
Credit cycles and gold
December 3rd, 2016
The Trump shock produced some unexpected market reactions, partly explained by investors buying into a risk-on argument,equities over bonds and buying dollars by selling other currencies and gold. This is because President-elect Trump has stated he will implement infrastructure ...
The Pound to Euro Exchange Rate in Sudden Reversal as US Dollar Slides
December 2nd, 2016
GBP/EUR has given back all the gains it made on a day which saw it surge by 1% against the Dollar and Euro at one stage. Indeed, a strong start to the new month saw GBP/EUR breach the 1.18 ...
Pound US Dollar Exchange Rate Advances as UK Retail Sales Trigger Rush for Sterling
November 17th, 2016
Pound US Dollar Exchange Rate Climbs after Forecast-Beating Retail Sales Results The Pound has been able to rise by 0.4% against the US Dollar today, primarily on account of the October retail sales results. On the month and the ...
Sterling falls back below $1.25
November 15th, 2016
Sterling falls back below $1.25 after UK inflation fell in October – pushed down by tuition fees and clothes So much for the Trump rally. The pound fell back below $1.25 this morning, after figures from the Office for ...
U.K. Court Puts Brexit in Hands of Parliament
November 4th, 2016
A U.K. court put a hurdle in the country’s route out of the European Union, ruling that Prime Minister Theresa May can’t start the process without approval from Parliament. The High Court decision offers a potential opening to lawmakers to disrupt ...
Gold Climbs as Vote Jitters Hit U.S. Stock Futures, Mexican Peso
November 3rd, 2016
Polls point to a close race ahead of presidential election Bullion, yen boosted by haven demand as dollar extends slide Investors are becoming more jittery amid a tightening race for the U.S. presidency, sending gold higher for a sixth ...
Standard Chartered faces sanctions over Hong Kong flotation
November 1st, 2016
Standard Chartered has become ensnarled in another regulatory problem after admitting it faced potential sanctions from the Hong Kong authorities over its handling of a stock market flotation. As the London-listed bank reported its third quarter results, it admitted that ...
