Sterling hits fresh lows against the dollar
Sterling dropped to its lowest since level since the middle of March, its sixth consecutive daily fall as investors are worried about the performance of the British economy. April has […]
Retail Sales Miss Expectations
UK retail sales recorded their biggest quarterly fall in a year during the three months to March. We expected as much as the weather played a big part, keeping consumers […]
Sterling recovers from recent losses
Yesterday the most volatile currency in the market was the pound, with GBPUSD dropping sharply before recovering, perhaps on the back of news that the UK will offer a resolution […]
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 […]
Pound up against dollar & euro
The dollar was pinned near one-week lows against a basket of major currencies today as concerns over trade protectionism and political turmoil in Washington continued to weigh. Investors continued to […]
Sterling gains after budget update
The pound has gained this morning as the dollar was dumped by investors as data showed U.S. consumer price inflation in February cooled and President Donald Trump said he had […]
UK Budget update today
UK Chancellor of the Exchequer Philip Hammond will give his Spring Budget update today. Traditionally a major set-piece event, its importance has now been downgraded. The main Budget statement now […]
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 […]
Big day for dollar
The dollar dipped against most majors this morning as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony later in the day. Any indications the Fed is leaning towards […]