UK Inflation unexpectedly at 3%

Sterling edged up against the dollar and Euro this morning, continuing a modest rebound from three-week lows hit last week, as traders eyed UK inflation data for clues on when […]

The week ahead

Over the weekend, amid speculation that the Bank of England could raise interest rates as soon as May, Chief Economist Andy Haldane said that there is “no rush” to tighten […]

Bank of England to raise rates

The Bank of England said yesterday it was likely to raise interest rates sooner and by more than it thought only three months ago. The BoE’s rate-setters gave themselves time […]

Pound continues to drop off

Sterling fell for a third straight day yesterday, hitting two-week lows against a broadly stronger dollar even though investors remained wary of selling it down too far before this week’s […]