Will The UK Raise Rates Today?
With the FOMC meeting out of the way, and no surprises from Powell and co., our attention shifts to the Bank of England (BoE). Today’s Quarterly Inflation Report is particularly […]
Will UK Raise Rates This Week?
The Bank of England should raise interest rates this week but also tell the public it will be ready to make a U-turn if Brexit talks sour or trade tensions […]
EU Reject Key Elements Of Britain’s New Trade Proposal
Sterling edged lower this morning and is poised to register its third consecutive weekly loss as concerns about the progress of Brexit negotiations trumped any optimism ahead of a likely […]
Pound Gains After Theresa May Comments
The pound rose yesterday to its highest in a week as traders bet that Prime Minister Theresa May’s decision to take control of Brexit negotiations would make it easier to […]
Sterling Fights Back After Hitting 10 Month Lows
The pound hit a five-day high versus the dollar as the greenback lost momentum, but the outlook for the British currency was clouded by fresh angst over Brexit and doubts […]
Volatility Ahead
Sterling looks set for more volatility this week however amid growing talk of a likely “hard” Brexit — crashing out of the European Union without a trade deal in place. […]
Sterling Continues To Slide
The British pound steadied around the $1.30 mark on Friday as traders took stock at the end of a bruising week in which weak economic data and more political uncertainty […]
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 […]