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 […]
BOE Meeting delivers shock
The possibility of the Bank of England raising interest rates to prop up the pound helped steady the currency on Friday at more than 1.5 percent above its low point […]
Fed Raise Rates, Sterling Lower
Sterling dipped around 0.2 percent against the dollar in morning trade in London this morning, suffering along with other major currencies from a boost to the greenback from Wednesday’s U.S. […]
UK Earnings drop at fastest pace since 2014
British workers’ earnings after inflation contracted at the fastest pace since 2014 in the three months to April, underscoring the growing Brexit squeeze facing many households, official data showed this […]
Sterling will stay under pressure
Sterling gave back early gains against the dollar to trade flat today, back under pressure after British general elections that yielded no clear majority for any party and threatened to […]