Pound Rebounds
Sterling hit a six-week high above $1.30 today, close to its highest levels in nine months, on bets that British interest rates could be hiked in the coming months. The […]
Pound hits $1.30 after positive UK Data
Sterling climbed close to $1.30 today, hitting its highest since before Britain’s parliamentary elections, as investors brought forward their expectations for when the Bank of England would begin to tighten […]
Sterling drops to 7 month lows against Euro
Sterling hit a seven-month low to the euro this morning, losing ground to renewed strength in the single currency after European Central Bank President Mario Draghi hinted the days of […]
Market Update
Britain’s messy election outcome and a weakening of the housing market have caused a sharp of loss of confidence among consumers, leaving the country dependent on exports to avoid a […]
What will affect Sterling this week?
Last week was pretty underwhelming as the Prime Minister is still yet to form her Government, and it seems Brexit negotiations have started pretty smoothly (Not sure how long it […]
Will We See A UK Rate Hike Soon?
Sterling gained by almost half a percent against the dollar today, helped by a shift in expectations for interest rates that has some in the market backing the Bank of […]
Tory/DUP deal by next Thursday
Sterling traded slightly below $1.27 today, investors treading water after a split at the Bank of England over monetary policy added further uncertainty to the outlook for Britain’s economy as […]
Sterling weakness continues
Sterling dipped below $1.26 for the first time in more than two months today, deepening this week’s losses on signs that Prime Minister Theresa May is still struggling to find […]
Carney – Not the time for a rate rise
Sterling fell by almost a full cent against the dollar today after Bank of England governor Mark Carney said now was not the time to raise interest rates, dashing some […]
UK GDP grows at slowest pace in a year
Britain’s economy slowed more than previously thought in the first three months of 2017 as rising inflation boosted by last year’s Brexit vote took a toll on household spending, official […]