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 […]
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 […]
Brexit negotiations control Sterling
The UK focus is likely to be on developments in the Brexit negotiations. The EU-27 countries will discuss the European Commission’s draft guidelines on future EU-UK relations before European Council […]
All eyes on May’s speech
Sterling steadied close to a seven-week low against the dollar today, all eyes are on a speech from Prime Minister Theresa May on her plans for a trade deal with […]
UK Retail Sales expanded 0.1% MoM
Sterling gave away part of its initial gains today following the release of January’s retail sales in the UK. Overall, retail sales volumes rose 0.1 percent on the month, below […]
Dollar Weakens Ahead Of Inflation Data
Sterling strengthened yesterday after data showed British inflation unexpectedly stayed close to its highest levels in six years in January, firming up investors’ bets that the Bank of England will […]
Sterling Update
Sterling has climbed more than 5 percent since the start of the year as the U.S. currency has weakened broadly and as investors have become optimistic about Britain’s economy and […]
Dollar Volatility Continues
The dollar came under renewed selling pressure this morning, sliding lower against a basket of major currencies ahead of the Federal Reserve’s policy decision. The U.S. dollar index, which measures […]
US Shutdown weakens US Dollar further
The dollar was pinned near a three-year low today as a U.S. government shutdown encouraged investors to add to bearish bets against the greenback while the euro consolidated recent gains. […]