UK Construction also beats forecasts
After yesterday’s UK June manufacturing PMI which was surprisingly on the upside (relative to market expectations), we expected a similar positive surprise in the construction report today, with a forecast […]
UK Manufacturing beats expectations
In Europe, political risks are one of the themes this week. Germany’s CSU leader and interior minister, Horst Seehofer, offered to resign after the migration deal at the EU summit […]
UK GDP Revised Up
As we head into day 2 of the EU summit a review of Brexit negotiations is expected to take place amid limited progress on the Irish border issue in recent […]
Pound drops to a 2 week low
Sterling has fallen as the dollar rebounded, the pound is on track for its biggest daily drop in nearly two weeks, as imminent Brexit talks and doubts the Bank of […]
Carney speaking this morning – Financial Stability
The pound fell versus the dollar and Euro over the last 24 hours after an incoming Bank of England policymaker expressed caution over Britain’s readiness for higher interest rates and […]
EU Summit could hurt the Pound
Sterling edged higher from the day’s lows on the back of a weaker dollar as worries about rising trade tensions between the United States and other leading economies kept risk […]
Market Update
The Bank of England left policy unchanged last week, but the pound jumped to $1.33 after Chief Economist Andy Haldane voted for an immediate rate rise. Markets attach about 70% […]
Pound gains after positive meeting
The British pound gained significantly during the day yesterday, reaching above the 1.32 level comfortably against the Dollar. This was a reaction to the statement after the Bank of England […]
UK Rate decision today
Sterling rebounded from a seven-month low against the dollar and hit the day’s highs versus the euro on Wednesday after Prime Minister Theresa May won a crucial Brexit vote in […]
Sterling continues to lose ground
Sterling fell to a fresh 2018 low on Tuesday, as concerns about an escalation in the trade dispute between the world’s two biggest economies weighed on risk sentiment. With all […]