Focus on Mark Carney’s Speech
In Europe, German Chancellor Angela Merkel said UK PM May’s new Brexit proposal, after Friday’s Cabinet agreement meeting at Chequers, was a “solid step forward”. Today though, the market maybe […]
Is the Brexit plan unworkable?
UK PM May hosts the Cabinet at Chequers today, where an agreement on the content of the government’s White Paper on a third post-Brexit trading arrangement, dubbed a “facilitated customs […]
Carney speaking this morning – Financial Stability
The pound fell versus the dollar and Euro over the last 24 hours after an incoming Bank of England policymaker expressed caution over Britain’s readiness for higher interest rates and […]
Sterling hits a 5 day high
Sterling rose to a five-day high after British retail sales jumped for the second month in a row in May and far outstripped expectations. Sterling is likely to gain this […]
Dollar strengthens ahead of Fed meeting
The dollar edged up across the board today ahead of a Federal Reserve policy announcement that investors will scan for clues on how many more U.S. rate hikes there will […]
Market Update
Today has a light data calendar with nothing of note in the UK. We have no further UK releases for the rest of this week. However, it should be noted […]
UK Construction picks up in May
Markets appear relieved that the Italian political situation has stabilised (at least for now), and do not seem overly concerned with escalating trade disputes. Italy’s new government will face a […]
Sterling hits a 6 month low against the Dollar
The pound fell to a six-month low against a rallying dollar on Tuesday, while it held its own against a euro dragged down by concerns about a deepening political crisis […]
Sterling worst performing
The Pound and Euro are in a contest to see who the worst performer is today, and right now the pound is edging out the euro by just a tad […]
All doom and gloom for Sterling
British Industrial growth slightly rose in March, therefore confirming a gloomy first quarter for the economy that pretty much confirms no Bank of England interest rate hike later today. The […]