Sterling Gains Against Euro & Dollar
Sterling crept back towards $1.2950 against a weaker dollar on today, building on the previous day’s gains after marginally better than expected labour market data kept bets for a tightening […]
Market Update
Sterling softened to near 10-day lows against the U.S. dollar on Tuesday as tepid consumption data and business surveys underlined the challenges facing the British economy. British households spent more […]
Sterling suffers worst week
Sterling steadied today after a batch of very poor monthly output readings drove it to its worst week in a month, casting doubt on the Bank of England’s surprise warnings […]
UK Industrial & Manufacturing figures lower than expectations
British manufacturing slipped unexpectedly in May, dragged down by a fall in car production that will add to questions about the economic outlook going into the second half of 2017, […]
Dollar Steadies, Sterling Drops
The dollar steadied against its peers early this morning after the Federal Reserve’s policy meeting minutes took the wind out of its advance, with the market awaiting comments by central […]
UK Data Disappoints Again
Growth in Britain’s construction industry slowed in June, adding to signs that the economy might be struggling to regain much momentum after a lacklustre start to the year, a survey […]
Pound Rebounds
Sterling hit a six-week high above $1.30 today, close to its highest levels in nine months, on bets that British interest rates could be hiked in the coming months. The […]
Pound hits $1.30 after positive UK Data
Sterling climbed close to $1.30 today, hitting its highest since before Britain’s parliamentary elections, as investors brought forward their expectations for when the Bank of England would begin to tighten […]
Sterling drops to 7 month lows against Euro
Sterling hit a seven-month low to the euro this morning, losing ground to renewed strength in the single currency after European Central Bank President Mario Draghi hinted the days of […]
What will affect Sterling this week?
Last week was pretty underwhelming as the Prime Minister is still yet to form her Government, and it seems Brexit negotiations have started pretty smoothly (Not sure how long it […]