Market Update
The British pound fell sharply earlier this week after a BoE policy maker said they ‘would vote for a rate cut unless economic data improved significantly’. With the weaker inflation […]
UK Inflation Dropped To Lowest Since Nov 16
Inflation for the UK has fallen to the lowest level since November 2016; from 1.5% to 1.3%. The Bank of England has a 2% target for inflation which is far […]
Pound Under Pressure
GBP has experienced continued pressure over the past 48 hours due to weak economic data ramping up the calls for the Bank of England to cut interest rates in their […]
Sterling On A Decline
On Monday the pound fell by 0.5% to two and a half week lows against the dollar as poor economic figures increased the chances of the Bank of England cutting […]
The Week Ahead
Last week the pound was in a fairly sideways trend as the main driving force for the markets continued to come from updates of the US and Iran conflict. Over […]
Pound Dropped Off After Carney Comments
Yesterday the British Pound fell to a two-week lows as the head of the BoE Mark Carney stated that an interest-rate cut could still be on the horizon. Carney said […]
New Year, Same Brexit!
Boris Johnson said he would bring his divided nation back together when Britain leaves the European Union, telling Britons they were set for a “fantastic year and a remarkable decade”. […]
British Pound slightly recovers before BoE announces new governor
The pound was up in early London trading today, holding just above $1.30, as investors waited for the Bank of England to announce its new governor. A person familiar with […]
Sterling drops 3.3% since Election Night
The pound was on track for its biggest two-day fall in nearly two years yesterday as concerns rose that Britain could still crash out of the European Union without a […]
Market Update
The pound rose 0.2% against a weakened dollar this morning after a flurry of UK data, including GDP figures. UK September Gross Domestic Product (GDP), manufacturing production, industrial output and […]