UK GDP Better Than Forecast
Sterling hit a six-week high against the dollar and hit a three-week high against the euro this morning, This was after data showed Britain’s economy kept its robust momentum in […]
May Must Get Parliament Approval For Brexit Negotiations
The Supreme Court ruled this morning that Prime Minister Theresa May must get parliament’s approval before she begins Britain’s formal exit from the European Union. The UK’s highest judicial body […]
Sterling Makes Biggest Gains This Morning
Sterling was the biggest gainer among developed-market currencies this morning, hitting a five-week high, as investors bet the Supreme Court would on Tuesday rule the British government needs parliamentary approval […]
PM’s Speech Boosts Sterling
After taking the top spot in the G10 currency space on Tuesday, the pound is the worst performer so far today. After the rapturous reception to Theresa May’s speech, today […]
Sterling Expected To Drop Further Next Week
Sterling slipped yesterday after a spokeswoman said British Prime Minister Theresa May will give a speech next week on her plans for leaving the European Union, which sparked fears that […]
Thursday is key for the Euro
The euro held steady near a 3-week high today while bets on market volatility stayed close to their highest since June’s Brexit vote ahead of this week’s European Central Bank […]
Pound gains across the board this morning
Sterling held firm this morning, having recorded its best month of gains against the dollar since March and its best month against the euro since 2009. This morning the Purchasing […]
Budget drives sterling higher
Sterling surged to a 10-week high against the euro and resisted the dramatic falls against the dollar suffered by other major currencies after a UK budget read as doing more […]
Pound boosts after positive Retail Sales this morning
British retail sales surged in October, as colder weather boosted clothing sales and supermarkets cashed in from Halloween, lifting annual sales growth to its highest in more than 14 years. […]
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 […]