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 […]
UK Retail Sales better than expected
Pound held its ground this morning ahead of a third day of monthly data on the economy that comes amid growing noise around the conduct of Brexit negotiations with Europe. […]
Sterling near 3 week low
Sterling held near a three-week low against the dollar today as investors grew wary about the outlook of the British economy after a mixed bag of data this week. The […]
UK Data worse than expected this morning
British industrial output unexpectedly picked up in June after oil producers delayed normal seasonal maintenance, but falling car production and a slide in construction bode poorly for future months. Britain’s […]
Sterling – The week ahead
The big news from the past week for the British Pound was the Bank of England’s rate decision on Thursday. This was a quarterly meeting, often referred to as ‘Super […]
Pound’s worst day in a month
Sterling posted its biggest daily loss in a month, as some investors consolidated positions after the Bank of England kept interest rates at record lows and lowered its growth and […]
UK Services slightly better – All eyes on BoE at 12PM
The exchange rates are listed at the bottom of this article, please note the rates are for indication only. For live quotes contact us vis email or phone. Britain’s economy […]
Big Week Ahead – GBP/USD above 1.31
Britain’s pound traded above $1.31 today, close to a 10-month high, as investors eyed this week’s Bank of England “Super Thursday” for a steer on whether record-low interest rates could […]
Currency Update
Britain’s pound steadied close to its highest levels in 10 months against the dollar today on comments from the finance minister about a transitional leaving deal with the European Union. […]