Sterling bounces this morning
Sterling hit a three-week high versus the euro and climbed towards $1.30 on Wednesday as traders awaited this week’s Bank of England inflation report and policy meeting. Sterling’s rise since […]
All eyes on Thursday – BoE Meeting
Sterling steadied near recent seven-month highs close to $1.30 today, as traders looked to a Bank of England inflation report and policy meeting this week for fresh drivers for a […]
Macron wins french election – pound stays stable
A boost for European markets from France was not enough to drive sterling past $1.30 this morning, with the British currency trading in tight ranges as domestic attention focused on […]
Overall a positive week for the pound
The pound inched higher this morning, a week of generally upbeat business sentiment surveys pushing it towards recent highs around $1.2950 as Prime Minister Theresa May’s Conservatives gained more than […]
Sterling holds its own
Sterling held steady below seven-month highs against the dollar today after the results of a survey of Britain’s huge services sector, following stronger-than-expected data in a corresponding manufacturing survey. The […]
UK Construction PMI beats expectations
UK Construction Purchasing Managers’ Index (PMI) came in better than expectations at 53.1 compared to polls expecting a reading of 52. Tuesday’s stronger-than-expected survey of the manufacturing sector gave the […]
UK PMI better than expected this morning
Sterling rose briefly on Tuesday after data showed UK manufacturing growth surged to a three-year peak in April, adding to signs that factories are enjoying at least a temporary boost […]
UK Economy grows less than expected
Britain’s economy grew less than expected in the first quarter of 2017, according to preliminary numbers from the ONS released on Friday. GDP grew by just 0.3% in the quarter, […]
Sterling hits 7 month high against dollar
Sterling rose around half a percent to 7-month highs above $1.29 this morning, helped by a broader softening of the dollar and polls showing Prime Minister Theresa May on course […]
Pound slips against Dollar and Euro
Sterling dipped versus the dollar and euro today, struggling for direction ahead of first quarter growth numbers due on Friday in a week so far dominated by events in the […]