Economy Grows Slightly Slower Than Expected
Sterling fell this morning after data showed that British companies had cut their investment in the second quarter of 2018 and the economy grew slightly slower than previously thought. The […]
Second Referendum?
Sterling has plummeted, driving the U.S. dollar up, after British Prime Minister Theresa May said the European Union must supply an alternative Brexit proposal, saying talks had reached an impasse […]
May’s Chequers Plan Branded A Joke
Prime Minister Theresa May’s Brexit proposals were declared dead by the British media today after what they cast as a humiliation at the hands of European Union leaders at an […]
UK Wage Data Comes In Strong
UK Pay growth picked up faster than expected to a rate that has not been exceeded in three years, as businesses found it harder to recruit staff, official figures showed […]
Market Update
Sterling edged slightly higher this morning but was set for its biggest weekly drop in three weeks as traders consolidated positions before monthly U.S. jobs data and as broader trade […]
Market Update
With few prospects now of a deal on Britain’s future EU ties in time for the EU’s October summit, any clues that Brexit Minister Dominic Raab can give in parliament […]
Government Step Up Planning For A No-Deal Brexit
Sterling fell again this morning as the government stepped up planning for a no-deal Brexit, reviving concern among investors about what would happen to the currency if Britain left the […]
Sterling Weakness Continues
The likelihood Britain crashes out of the European Union without a trade deal has increased, an outcome that would hurt an already weak pound, according to economists and foreign exchange […]
Will UK Raise Rates This Week?
The Bank of England should raise interest rates this week but also tell the public it will be ready to make a U-turn if Brexit talks sour or trade tensions […]
UK Manufacturing beats expectations
In Europe, political risks are one of the themes this week. Germany’s CSU leader and interior minister, Horst Seehofer, offered to resign after the migration deal at the EU summit […]