Britain waits on PM’s speech
Sterling traded within a tight range against the dollar today while investors waited for a speech by British Prime Minister Theresa May in which she is expected to try to […]
Retail Sales Boost Pound
Sterling jumped by almost a cent against the dollar on Wednesday after data showed British retail sales surged unexpectedly in August, increasing pressure on the Bank of England to lift […]
Sterling drops off after Carney’s comments
Sterling steadied above $1.35 today, recovering some ground following a nearly 1 percent slide after Bank of England governor Mark Carney said interest rates rises in coming months would be […]
Sterling hits 15 month high vs US Dollar
Sterling hit a 15-month high against the dollar today before retreating a notch as investors wound back some of last week’s bets on a Bank of England rate rise ahead […]
Sterling hits 14 month high
Britain’s pound hit a 14-month high against the dollar today and was heading for its best week in more than eight years on a trade-weighted basis, as traders stacked up […]
Focus on BOE meeting & US Inflation data
The spotlight today is on the BoE. In August, the MPC kept interest rates unchanged at 0.25% but two members of the committee – McCafferty and Saunders – voted for […]
Sterling drops after yesterdays gains
Britain’s unemployment rate unexpectedly fell further to its lowest since 1975 during the three months to July, but wage growth proved even more subdued than expected, official figures showed this […]
Pound up after worst month in the last 10
Britain’s factories grew a lot more strongly than expected in August as work flowed in from home and abroad, a survey showed this morning, suggesting the economy might be picking […]
Daily Currency Update
Sterling rebounded from 11-month lows to gain over half a percent versus the euro on Wednesday on speculation the European Central Bank might not tolerate a strengthening single currency for […]
Sterling set for 4th month of losses
British consumer credit expanded at the weakest pace in more than a year during July, reflecting the squeeze on household finances this year, Bank of England data showed this morning. […]