UK Economic data strong – Pound stays weak due to Brexit
Sterling hit a two-week high against a dollar weakened by worries about the U.S. presidential election next Wednesday, as investors waited for construction sector data for the latest clues on […]
Carney extends BOE stay to 2019
Sterling hit an almost two-week high yesterday, with expectations of more upbeat news on the economy helping it build on gains after Bank of England Governor Mark Carney said late […]
Economy slows but not as much as expectations
Britain’s economic growth slowed only slightly in the three months after the Brexit vote, official data showed this morning defying warnings of a heavy hit and further diminishing the likelihood […]
Sterling on the up
Sterling slipped back a little after its strongest one-day gains in over three months on a trade-weighted basis, having been boosted after a UK government lawyer said parliament would have […]
Pound has futher room to drop
Britain’s pound dipped below $1.27 for the first time since June 1985 yesterday, with fears of a ‘hard’ Brexit from the European Union also pushing the currency to a five-year […]
Sterling drops after May’s Brexit comments this weekend
Sterling slid to a three-year low against the euro and a three-month low versus the dollar this morning, after a March deadline was set for the start of the formal […]
Sterling fights back after losses on Friday
Sterling rose against a weaker dollar this morning, although gains are still likely to be held in check by concerns about the uncertainty generated by Britain’s vote to leave the […]
Uk Manufacturing drops, Carney due to speak
British manufacturing output fell in July at the fastest pace in a year, confirming earlier signs that factories took an immediate hit after the vote to leave the European Union, […]
Sterling continues to surprise
Sterling rose to near a 7-week high against the dollar on today, amid expectations that Britain had probably dodged a recession in coming months with the economy showing signs of […]
Pound soars again today
Sterling jumped to a 7-week high against the dollar today, and hit a one-month peak against the euro after a survey showed Britain’s services industry bounced back strongly in August […]