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Sun 27 May 2018 04:36GMT

Russia News

Latest 10 news items tagged Russia

Pound Exchange Rates Fluctuate after Disappointing UK Production and GDP Data Published: 11 Apr at 4 PM 2018
Pound Sterling (GBP) The Pound has made minor gains against the Euro and US Dollar today, although this is primarily because of confidence-damaging Eurozone and US developments rather than positive UK news. The latest UK ecostats have been disappointing for the most part, showing falling levels of monthly industrial and manufacturing production during February. Year-on-year construction output levels have also tumbled, making the latest Pound gains hard-won. Rounding off this spate of bad news, the National Institute for...
Sterling Fluctuates as Markets Await Election Results Published: 8 Jun at 5 PM 2017
Sterling The Pound (GBP) was met by increased volatility on Thursday as general election jitters caused investors to treat Sterling with increased caution. Despite the majority of polls suggesting that the Conservatives are likely to extend their gains following today’s vote, markets are remaining at arm’s length for now, with the upset of Brexit a year ago still fresh in the minds of most traders. The importance of this election is highly likely to overshadow tomorrow’s trade and production data as well, with the elected...
Pound (GBP) Rallies on Last-Minute Poll Predicting Conservative Advantage Published: 7 Jun at 4 PM 2017
Pound Sterling (GBP) The Pound’s advance on Wednesday afternoon was triggered by an earlier Opinium poll, which predicted a 7-point election lead for the Conservatives. This was considered a more stable estimate than a prior Survation poll, which forecast a single point difference between the Tories and Labour. Most of Thursday could bring tepid Pound movement, before constituencies start being declared on Thursday night into Friday. If early results make a Conservative win look likely, then the Pound could appreciate...
Pound Sterling Plummets after PM May Sparks ‘Hard Brexit’ Fears Published: 9 Jan at 4 PM 2017
Pound Sterling (GBP) Demand for the Pound has nosedived today, with Sterling diving across the board due to comments made over the weekend by Theresa May. Speaking on Sky, the Prime Minister offered vague and ambiguous statements about what she was aiming for with Brexit negotiations. Despite not specifying whether a ‘Hard Brexit’ was the objective in the Sky interview or (afterwards) the interpretation was still that an economically-rupturing ‘Hard Brexit’ was increasingly likely. Euro (EUR) The Euro has been a strong...
Sterling Remains Soft after MP Vote on ‘Brexit’ is Blocked Published: 10 Oct at 4 PM 2016
Pound Sterling (GBP) The latest news out of the UK has been negative, with the Pound falling back to opening lows against the Euro, US Dollar and most other major rivals. This depleted state was initially caused by a ‘flash crash’ on Friday, and has since been worsened by the news that MPs will be unable to vote on ‘Brexit’ terms. In the latter case, fears have since been widespread about whether a ‘Hard Brexit’ will take place; the news about a lack of vote implies this is still a distinct possibility. Tomorrow’s...
Stock Market Gains caused Heightened Trader Risk Appetite Today Published: 17 Feb at 5 PM 2016
Pound Sterling (GBP) The British Pound has seen significant price swings during Wednesday’s European session. Initial gains were pared by mixed labour market data, with record-high employment change countered by tepid wage growth and rising unemployment. However, as the session progressed the Pound clawed back losses and posted daily gains versus all but commodity-correlated assets. This was due to a speech from German Chancellor Angela Merkel who stated that Prime Minister David Cameron’s EU demands were ‘justified and...
New Zealand Dollar (NZD) Softened by Disappointing Dairy Result, Canadian Dollar (CAD) Strengthens in spite of Oil Worries Published: 16 Feb at 4 PM 2016
Mixed Inflation Data sees GBP Turn Bearish Although the Pound initially saw a boost on the back of the latest Consumer Price Index report, thanks to a modest uptick of 0.3% in baseline inflation, the currency has since turned increasingly bearish. As the core CPI showed a larger dip than expected and inflation remains a long way from the Bank of England’s (BoE) 2% target confidence in Sterling has remained weak, particularly as ‘Brexit’ concerns continue to hang over markets. EUR Climbs Despite Weakened Economic...
Pound Bolstered by Unexpectedly Strong UK Manufacturing PMI, Canadian Dollar Declines on Record Russian Oil Production Published: 2 Nov at 5 PM 2015
Pound Sterling Surprising investors, the UK Manufacturing PMI defied expectations of a slight decrease to instead print at a significant gain. Rising from 51.8 to 55.5 the index appeared to indicate that the domestic manufacturing sector had experienced a particularly strong month of expansion in October, leading to a marked jump in demand for the Pound. Nevertheless, economists have expressed some scepticism as to whether this level of growth will be sustained throughout the rest of the quarter, discounting the possibility of a more...
British Pound Strengthens on Carney Speech, Euro Advances on Overdone Declination and US Dollar Softens ahead of Advance Retail Sales Published: 14 Jul at 1 PM 2015
Pound Sterling (GBP) After British data showed Consumer Prices dropped to 0.0% in June, the British asset declined versus its major peers. However, the depreciation was short-lived after Bank of England (BoE) Governor Mark Carney stated that he sees low consumer prices as temporary with inflation picking up towards the end of the year. This stoked bets as to a benchmark interest rate hike in the first-quarter of 2016. ‘The point at which interest rates may begin to rise is moving closer with the performance of the economy, consistent...
Forex News Now: US Dollar under Pressure ahead of FOMC Decision Published: 28 Jan at 2 PM 2015
Pound Sterling The Pound advanced on the Euro on Wednesday as investors bet that Sterling’s GDP related slide was excessive. The British currency could gain on the US Dollar in the hours ahead if the Federal Open Market Committee is more cautious on the subject of interest rates. US Dollar Yesterday’s disastrous Durable Goods Orders report pushed the US Dollar lower against several of its most traded peers. The currency continued trading slightly lower as investors speculated on the likelihood of the FOMC adapting its interest...

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