Sterling set for 4th month of losses
British consumer credit expanded at the weakest pace in more than a year during July, reflecting the squeeze on household finances this year, Bank of England data showed this morning. […]
Sterling gains against USD
Sterling rose to two-week highs against the dollar today after escalating tensions in the Korean peninsula added to the greenback’s woes. The pound has risen more than 1 percent against […]
Sterling hits fresh new lows
Sterling fell to a new two-month low against the dollar today as the lack of any major economic data encouraged investors to add bets against the British currency. We have […]
Strong Eurozone data hits Sterling
Sterling fell briefly below $1.28 for the first time since late June today and deepened its recent losses against the euro as gloom over Britain’s economic prospects and the Brexit […]
Sterling remains weak despite positive data
Britain unexpectedly posted its first budget surplus for any July since 2002, boosted by strong income tax payments, according to official today. The surplus in July stood at 184 million […]
Sterling continues to struggle this morning
Sterling edged back this morning towards an almost 6-week low against the dollar as growing doubts around the progress of Brexit talks with Europe continued to weigh on the currency. Britain is […]
Pound falls against Euro yet again
Britain’s pound fell against the euro again today and was poised for a third consecutive week of losses as a global selloff in risky assets prompted investors to cut bets […]
UK Retail Sales better than expected
Pound held its ground this morning ahead of a third day of monthly data on the economy that comes amid growing noise around the conduct of Brexit negotiations with Europe. […]
UK Unemployment falls to lowest in 42 years
Britain’s unemployment rate unexpectedly fell to its lowest since 1975, official data showed this morning. The unemployment rate in the three months to the end of June fell to 4.4 […]
UK Inflation Unchanged
British consumer price inflation unexpectedly held steady last month as fuel prices fell amid other signs that the squeeze on households’ spending power may slowly be starting to level off. […]