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Will Bank of England raise interest rates this week?

On Thursday this week, the Bank of England’s Monetary Policy committee will decide whether to raise interest rates from their current 0.5%. In my post yesterday I said that it’s unlikely that they would change this, however I now think…

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Sterling recovers slightly on BoE comments

Sterling found a little much-needed support today, on speculation that maybe the Bank of England will raise rates soon after all. There’s been a little uncertainty recently, with some members of the MPC wanting to raise rates, and other wanting…

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Interest Rate speculation weakens Sterling

Good morning. The Pound has fallen away this week, due to speculation about when interest rates may rise in the UK. In today’s post we’ll take a look at why the Pound has fallen against the Euro, and whether the…

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Pound/Euro rises by 0.5% after strong UK Services data

Pound/Euro rates have recovered by half a point this morning. The gains have reversed the fall into the €1.13’s that we saw yesterday. Yesterday’s drop came after some poor manufacturing numbers. However this morning, rates have picked back up again into the mid €1.14’s. This…

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GBP recovers / FED rate decision

Sterling recovered a little today following some slightly better than expected Construction numbers this morning. It’s helped GBPEUR rise slightly, however GBPUSD is being kept under pressure due to a stronger US Dollar. (View live interactive charts). Tomorrow morning we…

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