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. […]
Sterling Outlook
Market speculators are likely to keep their sterling positions steady this month, according to a plurality of respondents in a poll which predicted the currency will trade around where it […]
UK Services slighty above expectations
The PMI showed growth in services activity unexpectedly sped up a little last month, compensating for weaker readings in the manufacturing and construction industries reported earlier in the week. Taking […]
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 […]
Sterling down against the Euro today
Sterling was down against the Euro today after the Euro-area economic confidence surged more than economists forecast in September, giving European Central Bank policy makers more positive news to consider […]
Retail Sales Boost Pound
Sterling jumped by almost a cent against the dollar on Wednesday after data showed British retail sales surged unexpectedly in August, increasing pressure on the Bank of England to lift […]
Sterling drops off after Carney’s comments
Sterling steadied above $1.35 today, recovering some ground following a nearly 1 percent slide after Bank of England governor Mark Carney said interest rates rises in coming months would be […]
Sterling hits 15 month high vs US Dollar
Sterling hit a 15-month high against the dollar today before retreating a notch as investors wound back some of last week’s bets on a Bank of England rate rise ahead […]
Sterling hits 14 month high
Britain’s pound hit a 14-month high against the dollar today and was heading for its best week in more than eight years on a trade-weighted basis, as traders stacked up […]
Focus on BOE meeting & US Inflation data
The spotlight today is on the BoE. In August, the MPC kept interest rates unchanged at 0.25% but two members of the committee – McCafferty and Saunders – voted for […]