Pound Eases Off
The dollar weakened against other major currencies this morning, as markets took Federal Reserve Chairman Jerome Powell’s comment that U.S. interest rates were just below neutral as a signal that […]
More Pressure On May
The DUP who prop up British Prime Minister Theresa May’s government sent her a stark warning over her draft Brexit divorce deal, pulling support in several parliamentary votes on a […]
Pound Continues To Gain
Sterling rose a quarter of a percent this morning as hopes grew for a Brexit deal breakthrough, encouraging investors to buy the British currency with the struggling dollar also fuelling […]
UK Retail Sales Drop
British retail sales fell by the most in six months last month after a large drop in food purchases, which followed an unusually warm summer that had encouraged Britons to […]
The Week Ahead
The Pound held pretty steadily last week against the Euro & Dollar through the beginning of last week until the Federal Reserve put up interest rates and traders started selling […]
Bank Of England Meeting Later Today
Sterling has held near recent highs before a monetary policy announcement later in the day, when the Bank of England looks almost certain to keep interest rates unchanged after raising […]
UK Wage Data Comes In Strong
UK Pay growth picked up faster than expected to a rate that has not been exceeded in three years, as businesses found it harder to recruit staff, official figures showed […]
UK GDP Grows At Fastest Pace In A Year
Britain’s economy grew at its fastest pace in almost a year during the three months to July, boosted by stronger consumer spending due to the World Cup and warm weather. […]
Brexit Woes & Weak Data
The British pound was set for its biggest daily drop against the euro in more than three months as concerns grew about the progress of Brexit negotiations. Sentiment was also […]
Positive UK Data Having Zero Impact On Sterling Value
The British pound slipped against the euro to within a whisker of its weakest since September 2017, hurt by a rally in the single currency and concerns about whether Britain […]