Bank of England to raise rates
The Bank of England said yesterday it was likely to raise interest rates sooner and by more than it thought only three months ago. The BoE’s rate-setters gave themselves time […]
Dollar Strengthens while Sterling remains volatile
The exchange rates are listed at the bottom of this article. Please note they are for indication only. For a live quote please contact us. The U.S. dollar was at […]
Pound continues to drop off
Sterling fell for a third straight day yesterday, hitting two-week lows against a broadly stronger dollar even though investors remained wary of selling it down too far before this week’s […]
Brexit worries weigh on the pound
Sterling is advancing moderately today, and GBP/USD is moving closer to the psychological hurdle at 1.4000 again. Cable came under persistent downside pressure as of late following a renewed buying […]
The UK economy slowed last month
Britain’s economy slowed sharply in January, according to a survey which cast doubt on growing expectations among investors that the Bank of England might be gearing up to raise interest […]
UK Rate Rise?
We waited over 10 years for a Bank of England (BoE) interest rate increase, now many investors and analysts are expecting another one very soon. The BoE’s Monetary Policy Committee […]
Sterling Update
Sterling has climbed more than 5 percent since the start of the year as the U.S. currency has weakened broadly and as investors have become optimistic about Britain’s economy and […]
Dollar Volatility Continues
The dollar came under renewed selling pressure this morning, sliding lower against a basket of major currencies ahead of the Federal Reserve’s policy decision. The U.S. dollar index, which measures […]
Dollar fights back
The dollar is higher against a basket of currencies today, helped by rising bond yields and a week packed with U.S. data starting with a central bank policy decision, though […]
UK economy grew 0.5% in the fourth quarter
The pound rose today as traders looked to fourth-quarter economic growth numbers due later to see if Britain’s economy is proving more resilient than expected, which could help sterling extend […]