Retail Sales Miss Expectations
UK retail sales recorded their biggest quarterly fall in a year during the three months to March. We expected as much as the weather played a big part, keeping consumers […]
UK Inflation drops unexpectedly
UK inflation dropped to a one year low, according to figures which now raise doubts about a rate rise in May and further rises going forward. There is still a […]
UK Wage Growth Stalls
The Office for National Statistics (ONS) showed today, the UK’s average weekly earnings, excluding bonuses matched expectations, arriving at 2.8% 3m y/y versus 2.6% last while the gauge including bonuses […]
Pound continues to out perform
The pound rose today despite Britain’s military intervention in Syria, as investors focused on data that could help shore up expectations of a May interest rate hike. Britain struck Syria […]
Sterling hits a 9 month high
Sterling has continued to gain against the euro, however, this could be affected next week when we have the UK wage data and employment figures released. We believe that wage […]
Market Update – Dollar Struggles
Bank of England credit conditions survey may receive some attention today. Markets will be looking for signs of an impact from last November’s interest rate hike on the demand for […]
UK data disappointing this morning
British manufacturing output fell unexpectedly in February, its first drop in almost a year, according to official figures that added to signs the economy may have slowed in the first […]
McCafferty speech boosts Sterling
Sterling hit a two-week high today after a top policymaker said the Bank of England should not delay in raising interest rates after a recent strong pick-up in the world […]
Sterling starts the week on the up
Sterling rose against the euro and dollar this morning and is on track for a third consecutive day of gains as investors are encouraged by data showing British house prices […]
Sterling confidence grows
The pound came under modest selling pressure yesterday, as the UK service PMI disappointed and the composite PMI fell to the lowest since the EU referendum. Overall, this week’s PMI […]