UK wage data beats expectations
The pound rose this morning after the latest UK jobs report showed that wage growth picked up, fuelling expectations for a rate hike by the Bank of England, possibly as […]
Pound gains across the board
Sterling was flat in a big week for the British currency with employment and inflation data due, followed by a crucial summit between European and British officials to secure a […]
Pound continues gains
The pound is poised for its biggest weekly rise in a month against the dollar as investors became cautiously optimistic that Britain would strike a deal at a summit next […]
No Deal
Sterling weakened against the Dollar yesterday on worries that Britain might not manage to clinch a transition deal with the European Union at a summit later this month. Even against […]
UK – manufacturing better than expectations
Sterling steadied this morning against the dollar after falling this week over worries Britain will not secure a Brexit transition deal, while traders waited for UK manufacturing data. Manufacturing came […]
Euro could weaken further
Sterling rose this morning after comments from the once-dovish Bank of England deputy governor reinforced the view that the bank would soon raise rates, while the opposition Labour party’s support […]
Euro weakness, Sterling on the rise
The euro has weakened this morning and is set to post its second-biggest weekly loss in nearly four months as investors trim positions before a big week for global currency […]
Sterling Update
The US Dollar strengthened last night, this was after the Fed meeting showed policymakers are confident in rising inflation and the need for interest rates to keep increasing. The minutes […]
UK unemployment rises
So far this week the best performers have been Sterling and the US Dollar. Sterling gained yesterday after a rumour that the EU may be open to a deal after […]
Sterling lower against the Dollar
Sterling edged lower against the dollar and euro yesterday, holding off 10-day highs hit last week, as traders awaited key wages data due on Wednesday for clues to the pace […]