UK Retail Sales Surprisingly Drop
British retail sales grew by the most in over a decade in the second quarter of 2018, official data showed this morning, giving the Bank of England reassurance shoppers had […]
British Inflation Fails To Rise
British inflation failed to rise as expected last month, potentially giving Bank of England policymakers pause for thought ahead of a widely expected interest rate hike next month. Despite motor […]
UK Pay Growth Slows
British workers’ pay growth has slowed to its weakest in six months despite record employment, challenging the Bank of England as it considers whether to raise interest rates next month […]
Key Vote In Parliament Today
Following last week’s Brexit White Paper, the Customs Bill heads back to the House of Commons today. Several amendments to the bill have been tabled, including four by hard-Brexiteer Jacob […]
Trump – No Deal
Sterling fell to a 2-week low today as a resurgent dollar and comments by U.S. President Donald Trump that a possible trade deal was probably dead, this lead to no […]
Government To Publish Brexit White Paper
Today’s attention is likely to centre on the UK government’s publication of its Brexit White Paper following last week’s Chequers meeting. The White Paper is expected to formalise the plan […]
Focus on Mark Carney’s Speech
In Europe, German Chancellor Angela Merkel said UK PM May’s new Brexit proposal, after Friday’s Cabinet agreement meeting at Chequers, was a “solid step forward”. Today though, the market maybe […]
David Davies Resigns
UK Brexit Secretary David Davis and two other government ministers resigned overnight, just two days after the ‘soft’ Brexit agreement at Chequers. In Mr Davis’s resignation letter, he argues that […]
Is the Brexit plan unworkable?
UK PM May hosts the Cabinet at Chequers today, where an agreement on the content of the government’s White Paper on a third post-Brexit trading arrangement, dubbed a “facilitated customs […]
UK Data Continues To Be Positive
The pound edged up this morning ahead of a survey on Britain’s dominant services sector which traders said could lift the currency after decent numbers from the manufacturing and construction […]