Pound hits a 7 month low
Sterling held near seven-month lows against the US Dollar as strong U.S. data and a hawkish Federal Reserve prompted investors to buy the greenback, while the Bank of England is […]
Sterling hits a 5 day high
Sterling rose to a five-day high after British retail sales jumped for the second month in a row in May and far outstripped expectations. Sterling is likely to gain this […]
UK Retail Sales jump in May
Sterling rose a quarter of a percent this morning before any data, cementing some modest gains notched up this week. British retail sales jumped for the second month in a […]
UK wage growth slows
British workers’ wages grew more slowly in the three months to April, according to official data published this morning which could further dampen expectations that the Bank of England will […]
UK data disappoints across the board
British factory output unexpectedly dropped in April at the fastest pace since 2012, due to weaker demand at home and abroad, raising concern that the economy’s weakness in early 2018 […]
Brexit talks break down in Parliament
News late last night of a major row between PM Theresa May and Brexit minister David Davis over the government’s final position on a backstop for Northern Ireland could weigh on […]
UK Services Sector grows more than expectations
Companies in Britain’s dominant services sector grew more quickly than expected in May after a winter slump in early 2018, but the approach of Brexit held back many companies, a […]
Euro strengthens after Italy come to an agreement
It has been confirmed that Giuseppe Conte will be the next Italian Prime Minister after the right-wing League party and the anti-establishment 5-Star Movement reached agreement on a Cabinet. A […]
Market Update
Global risk sentiment improved overnight following Italian President Mattarella’s decision to give the populist parties more time to form a more amiable cabinet line-up. Surveys of UK business and consumer […]
UK Inflation data hurts the pound
Sterling slid yesterday to a new five-month low after weaker-than-expected UK inflation dented the prospect of the Bank of England raising interest rates this year. The pound had been one […]