Sterling weakens further against the dollar
Sterling traded near its weakest in three weeks against the dollar this morning, hurt by widening rate differentials between the United States and the UK after robust jobs numbers strengthened […]
Sterling could drop further this Thursday
The monthly survey of purchasing managers in the construction sector inched down to the lowest reading since June 2009, well into contraction territory. However, the result was better than all […]
Sterling looses ground after Martin Weale comments
Sterling hit a two-week low on Tuesday after a Bank of England policymaker suggested a batch of weak UK data had convinced him monetary policy should be eased immediately, having […]
Sterling slightly up this morning
Sterling inched up today, recovering some of the ground it lost late last week from surveys suggesting Britain was heading towards recession and boosting expectations the Bank of England will […]
Strong UK wage & Unemployment data this morning
According to the latest release from the Office for National Statistics, the UK jobless rate improved from 5.0% to 4.9%, while the jobless claims change ticked lower from 12,200 to […]
Sterling stays firm
Sterling rose on Monday, boosted by expectations of inflows from an acquisition deal after Japan’s Softbank agreed to buy chip designer ARM in a 24.3-billion-pound deal which should help plug […]
Sterling on the up – for now!
Sterling was firmer this morning, trading near a two-week high against the euro as Theresa May was set to take over as Britain’s prime minister, easing some of the political […]
Sterling steadies after May appointment
Sterling rose along with UK government bond yields today as the early appointing of interior affairs minister Theresa May as prime minister fed into a generally improved global mood among […]
Sterling falls further
Sterling fell this morning, edging back towards last week’s 31-year low against the dollar on expectations that the Bank of England will ease monetary policy in response to Britain’s shock […]
Sterling steadies but more weakness on the cards
Sterling steadied this morning less than two U.S. cents away from a 31-year low, having put in its worst three-weekly performance since the currency’s 1992 crisis, following Britain’s shock vote […]