Mark Carney — News Archive

    Archives

Sterling Crashes to New 27-Month Lows on Hard Brexit Fears

The Sterling pound today fell to new 27-month lows against the US dollar as markets reacted to a poor UK jobs report and the uncertain British political environment. The GBP/USD currency pair was also adversely affected by comments from the two remaining Conservative Party candidates saying that the Irish backstop was dead.

British Pound Extends Gains Following Carney’s Upbeat Speech

The Sterling pound today rallied higher against the US dollar following Mark Carney‘s speech at a press conference following the release of the UK’s financial stability report for July. The GBP/USD currency pair rallied higher driven by the greenback’s overall weakness as markets continue to price-in future rate cuts by the US Federal Reserve.

Pound Soft on Contracting Construction, Carney’s Comments

The Great Britain pound was one of the weakest currencies on the Forex market during Tuesday’s trading session. The likely reasons for that were poor domestic macroeconomic data and comments from the central bank’s chief.

Sterling Rallies on USD Weakness, Falls on Dovish BoE Decision

The British pound today fell from its daily highs in the mid-London session following the dovish outlook painted by the Bank of England following its rate decision. The GBP/USD currency pair had rallied to its daily highs earlier in the session by riding on the wave of broad US dollar weakness following yesterday’s dovish FOMC statement.

Pound Soft After Mixed Employment Data

The Great Britain pound was generally soft today, dragged down mostly by the market sentiment. Domestic employment data was mixed, providing both positive and negative surprises, and therefore giving no help for the currency in finding direction.

British Pound Drops Despite Balanced BoE Interest Rate Decision

The British pound today fell against the US dollar after the Bank of England left its monetary policy unchanged and exhibited confidence in Britain’s economy. The GBP/USD currency pair had rallied higher earlier today amid rumors that Theresa May was willing to relax her tough stand on a customs union with the EU in order to get her Brexit deal done.

British Pound Declines on Brexit Cloud Amid Strong US ISM Data

The Sterling pound today fell against the US dollar despite the release of an upbeat fundamental print from the UK docket. The GBP/USD currency pair was weighed down by the looming Brexit deadline, which is just 24 days away with little sign of a deal being signed within the time left.

Pound Rallies on Hopes That Brexit Will Be Delayed, Later Drops

The British pound today rallied slightly against the US dollar amid investor hopes that the UK government would postpone Brexit to allow time for further negotiations. The pound later fell in the early American session as news headlines indicated that the British Prime Minister Theresa May was keen on leaving the EU within the current deadline.

British Pound Declines on Weak UK Data as Brexit Jitters Persist

The British pound today dropped to new daily lows in the early European session following the release of weak UK manufacturing and GDP data at that time. The Sterling was further weighed down by the uncertainty surrounding the Brexit issue with only 46 days left before Brexit day.

Pound Falls on Brexit Jitters and BoE Decision, Rallies on Carney Speech

The Sterling pound today dropped below 2-week lows in the early London session as investors priced-in Brexit uncertainty ahead of a crucial meeting between Theresa May and the European Commission President. The GBP/USD currency pair dropped to new 2.5-week lows following the Bank of England‘s interest rate decision in the mid-European session.

Navigation

Menu