Sterling at a 10 day high
Sterling rose today to a 10-day high, boosted by a report in a German newspaper that the European Union could offer Britain a two-year transitional Brexit deal. The pound had […]
Pound gains against US Dollar
Sterling edged higher today against a tepid dollar, despite a backdrop of uncertain Brexit negotiations. Signals from the U.S. Federal Reserve that central bankers were still concerned about persistently low […]
Sterling looses ground as Euro gains
The euro climbed to a two-week high today on relief that Catalonia had stopped short of formally declaring independence from the rest of Spain. Sterling was flat on Wednesday after […]
Britain’s trade deficit hits a all time high
British factories had their strongest two months of 2017 in July and August, suggesting the Bank of England remains on track to raise interest rates soon, but the deficit in […]
Sterling suffered major blows last week
Britain’s pound fell to four-week lows last week, amid growing uncertainty over Prime Minister Theresa May’s control of the leadership and strong U.S labour market data that boosted the dollar. […]
Sterling Outlook
Market speculators are likely to keep their sterling positions steady this month, according to a plurality of respondents in a poll which predicted the currency will trade around where it […]
Euro & Dollar both gain today
The dollar edged higher against a basket of currencies this morning as investors consolidated positions after a recent rise, with minutes from the European Central Bank’s latest meeting likely to […]
UK Construction hits a 14 month low
British construction companies reported the sharpest fall in activity since just after June 2016’s Brexit vote, as new work dried up last month on concern over the economic outlook. The […]
Sterling down across the board this morning
Sterling slipped to a near three-week low against the dollar today as investors focused on underlying weakness in the British economy and the governing Conservatives gathered for what could be […]
UK GDP drops to 1.5%
Britain’s economy recorded its weakest year-on-year growth since 2013 in the three months to the end of June, and the major services sector contracted in July, showing a possible loss […]