Brexit continues to drag Sterling down
Sterling climbed to a 9-day high today as strong growth data boosted expectations the Bank of England would raise interest rates next week. Wednesday’s gross domestic product growth for the […]
UK 3rd Quarter growth beats estimate
Quarterly gross domestic product growth rose to 0.4 percent compared with 0.3 percent growth in the three months to June 2017, the Office for National Statistics said this morning. A […]
Dollar hits 2 week high
The dollar was trading near two-week highs against a basket of the other major currencies on Tuesday as speculation over who will be the next the chairman of the Federal […]
Pound hits 2 week low
Britain’s pound skidded to a two-week low this morning amid doubts over the outlook for Bank of England interest rate moves and concerns over Brexit. Sterling has been pushed lower […]
UK Inflation hits a 5 year high
UK inflation rises to its highest level in 5 and a half years last month, according to official data released at 9:30am this morning that could make the Bank of […]
Euro drops on stimulus speculation
The euro slipped this morning after posting its biggest weekly rise in a month as traders took profits, though markets were wary of chasing the currency lower before a European […]
Sterling at a 10 day high
Sterling rose today to a 10-day high, boosted by a report in a German newspaper that the European Union could offer Britain a two-year transitional Brexit deal. The pound had […]
Pound gains against US Dollar
Sterling edged higher today against a tepid dollar, despite a backdrop of uncertain Brexit negotiations. Signals from the U.S. Federal Reserve that central bankers were still concerned about persistently low […]
Sterling looses ground as Euro gains
The euro climbed to a two-week high today on relief that Catalonia had stopped short of formally declaring independence from the rest of Spain. Sterling was flat on Wednesday after […]
Britain’s trade deficit hits a all time high
British factories had their strongest two months of 2017 in July and August, suggesting the Bank of England remains on track to raise interest rates soon, but the deficit in […]