UK GDP grows at slowest pace in a year

Britain’s economy slowed more than previously thought in the first three months of 2017 as rising inflation boosted by last year’s Brexit vote took a toll on household spending, official […]

Sterling Stayed Subdued

Sterling stayed subdued, hovering below seven month-highs against the dollar as investors awaited further developments in Britain’s suspended election campaign after a suicide bombing rocked the English city of Manchester. […]

Sterling Slips After Manchester Terror Attack

The pound slipped on Tuesday following a suicide bombing attack at an Ariana Grande concert at Manchester Arena, the most deadly attack in the UK in a decade. Police raised […]

PM’s lead falls back after latest poll

Britain’s pound fell back below $1.30 today after a pair of polls over the weekend showing Prime Minister Theresa May’s opinion poll lead falling back into single figures ahead of […]

Pound breaks 1.30 against USD again

Sterling was set for a 1 percent weekly gain versus the dollar today although some investors were calling a top on the British currency, which climbed above $1.30 this week […]

UK Retail Sales Soar in April

British shoppers set aside their concerns about fast-rising inflation following last year’s Brexit vote and unexpectedly stepped up spending at the fastest rate in years, helped by fine weather, official […]

UK Jobs data moves the markets

British pay growth lagged inflation for the first time in two-and-a-half years in early 2017, underscoring the growing Brexit squeeze facing many households, official data showed this morning. Excluding bonuses, […]

Inflation shoots to highest since 2013

British inflation rose to its highest level since September 2013 last month, according to official data released half hour ago – that underlined a growing squeeze on households ahead of […]

Poor day for Sterling on Thursday

Sterling fell to a one-week low against the dollar after the Bank of England’s inflation report showed interest rates were unlikely to rise within the next two years. Although the […]