Pound hits 2 week low
Britain’s pound skidded to a two-week low this morning amid doubts over the outlook for Bank of England interest rate moves and concerns over Brexit. Sterling has been pushed lower […]
Retail Sales Drop!
British retail sales suffered an unexpectedly sharp slowdown in September, dragging quarterly growth to its weakest annual rate since 2013, suggesting consumer demand remains uncertain as the Bank of England […]
UK pay growth lags behind Inflation
Sterling got only a temporary boost from data showing British wage growth edged above forecasts this morning, rising briefly against the dollar before dropping off again. British pay growth has […]
Sterling at a 10 day high
Sterling rose today to a 10-day high, boosted by a report in a German newspaper that the European Union could offer Britain a two-year transitional Brexit deal. The pound had […]
Sterling looses ground as Euro gains
The euro climbed to a two-week high today on relief that Catalonia had stopped short of formally declaring independence from the rest of Spain. Sterling was flat on Wednesday after […]
Britain’s trade deficit hits a all time high
British factories had their strongest two months of 2017 in July and August, suggesting the Bank of England remains on track to raise interest rates soon, but the deficit in […]
Sterling suffered major blows last week
Britain’s pound fell to four-week lows last week, amid growing uncertainty over Prime Minister Theresa May’s control of the leadership and strong U.S labour market data that boosted the dollar. […]
Euro & Dollar both gain today
The dollar edged higher against a basket of currencies this morning as investors consolidated positions after a recent rise, with minutes from the European Central Bank’s latest meeting likely to […]
UK Construction hits a 14 month low
British construction companies reported the sharpest fall in activity since just after June 2016’s Brexit vote, as new work dried up last month on concern over the economic outlook. The […]
Sterling down across the board this morning
Sterling slipped to a near three-week low against the dollar today as investors focused on underlying weakness in the British economy and the governing Conservatives gathered for what could be […]