Market Update
Sterling slipped to a new two-week trough after Bank of England Governor Andrew Bailey reiterated that the central bank would end its emergency bond-buying program on Friday and told pension […]
Market Update
The pound weakened for the fifth day in a row amid fresh signs of trouble in the UK government bond market that forced yet another intervention by the Bank of […]
Market Update
Fitch has downgraded the UK’s government debt rating to “negative” from “stable” following the mini-budget. The ratings agency warned that the “large and unfunded fiscal package” could lead to a […]
Market Update
The pound slipped against the dollar as traders weigh up the UK government’s U-turns and awaits a speech from prime minister Liz Truss. Sterling had initially jumped against the US […]
Market Update
Global stocks rallied for a second day, after Britain’s decision to ditch part of a controversial tax-cut plan and slightly paler expectations for aggressive central bank action returned some confidence […]
Market Update
Sterling and the euro fell on today and the U.S. dollar clawed back a recent dip as relief at the Bank of England’s intervention in bond markets faded. The British […]
Market Update
The pound managed to make up some ground against the dollar this morning, recovering from the 37-year low it hit earlier in the week. Despite the slight recovery since then, […]
Market Update
Sterling slipped against a rampaging dollar this morning, lingering near 2-1/2-year lows. Sterling had reached as high as $1.1609 a day earlier as media reports offered new details about how […]
Market Update
Inflation in The UK has again reached new highs, climbing to 10.1% in July mainly contributed by an increase in prices for food and fuel. Expectations for inflation hitting double […]
Market Update
U.S inflation in July dropped from 9.1% down to 8.5%, leading to The USD plunging overnight against both GBP & EUR. Although prices within groceries and housing continued to climb, […]