Market Update
Sterling fell to a two-week low after two Bank of England officials unexpectedly voted to cut interest rates this month and others said they would consider a cut if global […]
Pound Could Drop by 2% on Election Results
Sterling would receive a post-election bounce of around 3% if British voters give the ruling Conservative Party a majority in parliament on Dec. 12 but will fall 2% if the […]
Election Polls Key For Sterling
The pound was pretty static this morning as investors calculated the risks which the upcoming general election poses to Britain’s ability to sign a trade deal with the European Union […]
Market Update
The pound edged higher after inflation picked up in July, but the currency held within sight of a two-and-a-half year low as brewing concerns about a no-deal Brexit weighed on […]
UK Inflation Rises
Annual consumer price inflation rose to a three-month high of 2.1% in July from 2.0% in June, the Office for National Statistics said, bucking the average expectation in a Reuters […]
Recession Fears Rise – UK Economy Shrinks 0.2%
The pound had started the day pretty settled after Thursday’s drop on the back of senior aides of Prime Minister Boris Johnson saying they would hold a parliamentary election in […]
Sterling Hits 23 Month Low Overnight
The British pound holds above recent lows this morning although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit. Sterling hit a new 23-month […]
No Deal Possibility Weighs On Sterling
Sterling plunged to a 23-month low against the euro and near a 31-month low versus the dollar this morning as fears of a disorderly Brexit grew. After the by-election victory […]
Market Update
The Bank of England (BoE) policymakers voted unanimously to leave interest rates unchanged at 0.75%. However, the bank slashed its growth forecasts amid the growing risk of a no-deal Brexit. […]
Sterling Slips To 30 Month Lows
The dollar rose to a two-year peak against the euro as U.S. Federal Reserve Chairman Jerome Powell ruled out a lengthy easing cycle after delivering the first rate cut since […]