Sterling drops after yesterdays gains
Britain’s unemployment rate unexpectedly fell further to its lowest since 1975 during the three months to July, but wage growth proved even more subdued than expected, official figures showed this […]
Focus on ECB meeting today
Sterling inched lower today, with dealers citing growing resistance to any further recovery against the dollar on a day set to be dominated by events in Europe and the United […]
Biggest daily rise for GBP
Sterling consolidated gains today, a day after posting its biggest daily rise in nearly two months, as investors trimmed some bearish bets before a parliamentary debate over the government’s European […]
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 […]
Sterling remains weak despite positive data
Britain unexpectedly posted its first budget surplus for any July since 2002, boosted by strong income tax payments, according to official today. The surplus in July stood at 184 million […]
Sterling continues to struggle this morning
Sterling edged back this morning towards an almost 6-week low against the dollar as growing doubts around the progress of Brexit talks with Europe continued to weigh on the currency. Britain is […]
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 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. […]
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. […]
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 […]