Sterling slips off this morning
The British Pound became one of the worst performing majors this morning in the early trading session as more sour news related to the UK crossed the wires. Earlier on […]
British businesses reported a pickup in growth
British businesses reported a pickup in growth in the three months to December, but they expect a slowdown in early 2018 as high inflation takes its toll on households, the […]
The week ahead
GBPEUR exchange rates hit 1.1490 while GBPUSD exchange rates went above 1.35 on Friday morning following the UK Government managing to sort out the Irish border issues and beginning negotiations […]
Sterling rises against the Euro before Brexit summit
Last week was relatively positive for Sterling exchange rates after surpassing 1.34 against the U.S Dollar and 1.13 against the Euro. The main reasons for this were instability in the […]
Pound hits a 2 and a half week high
The pound was up this morning hitting a 2 and a half week high against most currencies, due to the Brexit news over the weekend being interpreted as positive, Germany […]
UK Data surprisingly better than expectations
The pound recouped some of yesterday’s losses this morning as the Manufacturing and Industrial data came in slightly stronger than expectations this morning. Surprisingly the industrial data increased at its […]
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 […]
Retail Sales Drop!
British retail sales suffered an unexpectedly sharp slowdown in September, dragging quarterly growth to its weakest annual rate since 2013, suggesting consumer demand remains uncertain as the Bank of England […]
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 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 […]