UK GDP rises 0.1%
Q1 Gross Domestic Product in the UK increased 0.1% in the second estimate, the Office for National Statistics announced this morning. This is unchanged from 0.1% quarter-to-quarter rise reported in the […]
Pound gains after positive Brexit news
Sterling rallied more than half a percent to hit a two-day high after a media report that Britain would tell Brussels it was prepared to stay in the European Union’s […]
Daily Update
Fed speakers continue to leave open the door to raising rates three more times this year if the data starts to accelerate. The US economy continues to perform well, although […]
Employment Data Positive
British employers hired many more workers than expected in early 2018 but wage growth has yet to accelerate sharply, according to figures that leave the Bank of England still waiting […]
Sterling continues poor run
Market probability of a rate hike from the Bank of England next week has dropped to less than a tenth from more than 90 percent a month ago. Weak survey […]
UK Services Data Disappoints
Sterling gained slightly yesterday after positive manufacturing data however the negative numbers continued this morning after a major survey showed Britain’s services sector struggled to recover in April from a […]
ECB Meeting Today
The main economic event today is the ECB policy announcement at 12:45BST, followed by the press conference with President Mario Draghi at 13:30BST. No changes to interest rates or the […]
Sterling hits a 2 week low
Sterling slipped to a two-week low against the dollar and Euro as investors questioned whether the Bank of England would raise interest rates in May following weaker-than-expected economic data and […]
UK Inflation drops unexpectedly
UK inflation dropped to a one year low, according to figures which now raise doubts about a rate rise in May and further rises going forward. There is still a […]
Pound continues to out perform
The pound rose today despite Britain’s military intervention in Syria, as investors focused on data that could help shore up expectations of a May interest rate hike. Britain struck Syria […]