UK Retail Sales Better Than Forecasts
Sterling firmed versus the dollar and Euro, buoyed by optimism that Britain and the European Union can make significant progress towards a Brexit deal at an EU leaders summit. Investors […]
UK Inflation Surprises
UK inflation jumped unexpectedly to a six-month high in August, pushed up by bigger-than-usual seasonal increases in sea and air fares and higher theatre admission prices, official data showed this […]
Sterling Hits Six Week High
The pound is at a six-week high, helped by a weaker dollar and reports of progress on the Irish border question, an obstacle to Brexit diplomats will try to overcome […]
Bank Of England Meeting Later Today
Sterling has held near recent highs before a monetary policy announcement later in the day, when the Bank of England looks almost certain to keep interest rates unchanged after raising […]
Potential Leadership Challenge To Prime Minister
Sterling stagnated this morning after reports of a potential leadership challenge to Prime Minister Theresa May and as realism set in about how far there remains to go before Britain […]
UK GDP Grows At Fastest Pace In A Year
Britain’s economy grew at its fastest pace in almost a year during the three months to July, boosted by stronger consumer spending due to the World Cup and warm weather. […]
Market Update
Sterling edged slightly higher this morning but was set for its biggest weekly drop in three weeks as traders consolidated positions before monthly U.S. jobs data and as broader trade […]
Pound Rebound
Sterling rebounded off a two-week low, after a Bloomberg report that the United Kingdom and Germany were prepared to drop a key sticking point on Brexit negotiations fuelled hopes of […]
UK Data Strong – No Impact On Sterling
Sterling edged lower for a fifth consecutive day as a resurgent dollar and mounting concerns over Brexit negotiations sapped demand for the British currency. An overnight bounce in the pound […]
Brexit Woes & Weak Data
The British pound was set for its biggest daily drop against the euro in more than three months as concerns grew about the progress of Brexit negotiations. Sentiment was also […]