UK Economy is on a decline
Britain’s economy is losing momentum as worries about Brexit mount, according to a survey which showed growth in the country’s dominant services sector in August was at its weakest in […]
UK Construction drops to a 1 year low
Growth in Britain’s construction firms fell unexpectedly to a one-year low in August, hit by an investment slump in the commercial sector as Brexit uncertainty weighed on the economy. Countering […]
Pound up after worst month in the last 10
Britain’s factories grew a lot more strongly than expected in August as work flowed in from home and abroad, a survey showed this morning, suggesting the economy might be picking […]
Daily Currency Update
Sterling rebounded from 11-month lows to gain over half a percent versus the euro on Wednesday on speculation the European Central Bank might not tolerate a strengthening single currency for […]
Sterling set for 4th month of losses
British consumer credit expanded at the weakest pace in more than a year during July, reflecting the squeeze on household finances this year, Bank of England data showed this morning. […]
Sterling gains against USD
Sterling rose to two-week highs against the dollar today after escalating tensions in the Korean peninsula added to the greenback’s woes. The pound has risen more than 1 percent against […]
Strong Eurozone data hits Sterling
Sterling fell briefly below $1.28 for the first time since late June today and deepened its recent losses against the euro as gloom over Britain’s economic prospects and the Brexit […]
Pound falls against Euro yet again
Britain’s pound fell against the euro again today and was poised for a third consecutive week of losses as a global selloff in risky assets prompted investors to cut bets […]
UK Unemployment falls to lowest in 42 years
Britain’s unemployment rate unexpectedly fell to its lowest since 1975, official data showed this morning. The unemployment rate in the three months to the end of June fell to 4.4 […]
UK Inflation Unchanged
British consumer price inflation unexpectedly held steady last month as fuel prices fell amid other signs that the squeeze on households’ spending power may slowly be starting to level off. […]