Market Update
Britain’s inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing retailers cut prices, while power tariffs also […]
Market Update
Sterling hovered at near two-month lows against the dollar and the euro, as talk of negative interest rates from the Bank of England and a stalemate in Brexit negotiations kept […]
Britain’s economy shrank by a record 5.8%
Britain’s economy shrank by a record 5.8% in March from February as the coronavirus crisis escalated and the government ordered a shutdown of much of the country to stop the […]
Market Update
The pound recovered some losses against the dollar in early trading and rose against the euro, as investors grappled with the pound’s downside risks before the Bank of England’s meeting […]
Market Update
The pound fell to its lowest level since last Wednesday overnight, driven by a stronger dollar as China-U.S. relations worsened. The U.S. government made a renewed effort to blame China […]
Market Update
Sterling slipped against the dollar as stalled Brexit talks and further signs of damage to Britain’s economy from the coronavirus pandemic took some shine off the currency’s gains in April. […]
Market Update
The pound inched slightly higher this morning as investors turned their attention to U.S. Federal Reserve and European Central Bank meetings this week at which officials are expected to provide […]
Market Update
The pound rose against both the dollar and the euro this morning, but futures data showed the market turned net bearish on the pound for the first time since December […]
Market Update
The pound slipped this morning, falling back from its monthly highs against the dollar and euro, after a dire global economic forecast from the International Monetary Fund diminished risk appetite […]
Market Update
Sterling has recovered from considerable losses that it suffered from earlier in the month which coincided with the global effect that COVID-19 has placed on the world’s economy. With the […]