UK Credit Ratings Cut by S&P and Moodys
Higher-yielding, riskier currencies such as the Australian dollar rose along with sterling on Tuesday on hopes of a more coordinated central bank response to stem steep losses in markets after […]
Sterling hits 31 year low
British 10-year government borrowing costs sank below 1 percent on Monday for the first time ever and sterling tumbled to a fresh 31-year low against the dollar as investors bet […]
Vote Day is here. How will you vote??
Sterling advanced to a 2016 high against the dollar on Thursday after the last sweep of opinion polls favoured Britain remaining in the European Union, just as voting got underway. […]
Tomorrow is the biggest day for the UK!
Sterling rose today, moving back towards a 5-1/2-month high against the dollar, as investors cut bets against the pound just a day before Britain votes on whether to remain in […]
2 days to go! Bookies back remain
Sterling hit its strongest level against the dollar since early May today, having the previous session posted its biggest one-day climb since 2008, as worries receded that Britain will vote […]
Sterling recovers slightly from recent slump
The cost of hedging against sharp swings in sterling over the next week rose to a record high this morning as the contract rolled over to capture the date for […]
7 Days to go
For the Bank of England, Britain’s vote on its European Union membership next week means everything. The nine-member Monetary Policy Committee, led by Governor Mark Carney, will announce its decision […]
Sterling hits 8 week low – 10 days to Referendum
The pound fell to an eight-week low today while the cost of hedging against big swings in its exchange rate against the euro over the coming month hit a record […]
UK Construction unexpectedly up – No effect on the rates!
Britain’s construction output bounced back more than expected in April following surprisingly upbeat industrial data earlier this week, suggesting the economy might have started the second quarter on a firmer […]
Sterling slips due to new poll
Sterling slipped this morning as investors ditched riskier assets in favour of safe havens such as the yen, worrying that Britain will vote to leave the European Union in a […]