UK data disappointing this morning
British manufacturing output fell unexpectedly in February, its first drop in almost a year, according to official figures that added to signs the economy may have slowed in the first […]
McCafferty speech boosts Sterling
Sterling hit a two-week high today after a top policymaker said the Bank of England should not delay in raising interest rates after a recent strong pick-up in the world […]
Sterling starts the week on the up
Sterling rose against the euro and dollar this morning and is on track for a third consecutive day of gains as investors are encouraged by data showing British house prices […]
Sterling confidence grows
The pound came under modest selling pressure yesterday, as the UK service PMI disappointed and the composite PMI fell to the lowest since the EU referendum. Overall, this week’s PMI […]
UK Services slowed due to bad weather
The weather over the last month had a big impact on British services businesses, which grew at the slowest rate since just after the vote to leave the European Union […]
UK Construction lower than expected
Sterling was on track for its fourth consecutive day of gains against the dollar on Wednesday as traders paused ahead of a survey of Britain’s construction sector. However, the construction […]
Sterling gains as dollar continues to weaken
Sterling gained this morning as the dollar fell and data showed British manufacturing gaining a little bit of momentum ahead of an expected interest rate rise in May. Manufacturing growth […]
Dollar Recovers
Britain’s current account deficit was revised down sharply on Thursday by the country’s statistics office in a set of data which also confirmed the economy slowed slightly in late 2017. […]
Sterling recovers from recent losses
Yesterday the most volatile currency in the market was the pound, with GBPUSD dropping sharply before recovering, perhaps on the back of news that the UK will offer a resolution […]
Euro gains as dollar weakens
The euro rose to a new five-week high this morning, mainly due to dollar weakness prompting investors to put their money into the Eurozone. Global markets were shaken this month […]