Pound gains further after positive Retail Sales

British retail sales bounced back much more strongly than expected in April, despite cold weather dealing a big blow to spring clothing sales compared with last year, official figures showed this morning. Retail sales volumes rose 1.3 percent on the month in April, the Office for National Statistics said, well above economists’ average forecast of […]


Pound rallies after recent opinion polls!

As we get closer and closer to the EU Referendum, the pound continues to be driven by expectations on the outcome for the vote in June. Recently we have found that fears of a “Brexit” have been dimmed down by recent polls and political interference. Today, the results of a telephone opinion poll carried out […]


UK Jobs data – better than expected

The number of people out of work in Britain fell in the three months to March as the labour market held ground faced with a slowing economy before the European Union membership referendum. The number of unemployed fell 2,000 in the three months to March, the Office for National Statistics said, but the unemployment rate […]


UK April Inflation slips

British inflation slipped in April for the first time since September last year, reflecting a drop in airfares after a March surge around the Easter holidays disappeared, as well as lower clothing prices. Consumer prices rose 0.3 percent compared with a year ago, the Office for National Statistics said, in line with a Bank of […]


Big week ahead for UK data

Sterling recovered from a near three-week low against the dollar this morning as comments by leading Brexit campaigner Boris Johnson added to an increasingly fraught debate over Britain’s membership of the European Union. With most major currencies steady, the pound traded less than 10 ticks away from the low of $1.4340 it hit after a […]


Sterling volatility continues

Sterling fell towards its lowest in three weeks against the dollar this morning, nursing losses for a second straight week after Bank of England Governor Mark Carney warned of a recession if Britain votes on June 23 to exit the European Union. Carney on Thursday called Britain’s referendum on European Union membership the “elephant in […]


All eyes on “Super Thursday”

The focus in Europe will be today “Super Thursday” as investors prepare for the Bank of England’s monetary policy decision, its minutes, the quarterly Inflation Report and a press conference from Governor Mark Carney. Brexit is dominating the U.K. agenda and the Bank of England is set to update its take on how the vote […]


British factory output recorded its biggest annual fall

Sterling slipped against the euro and dollar this morning, with investors worried that the latest polls still show Britons who want to leave the European Union at a referendum in June neck-and-neck with those who want to stay. The pound had fallen some 7 percent between mid-November and mid-April, when it made a substantial recovery […]


Will the Bank of England cut interest rates?

Sterling steadied this morning after hitting a two-week low against the dollar on opinion polls showing the outcome of June’s referendum on European Union membership was on a knife edge. Short-term market interest rates now price in a substantial chance of a Bank of England cut by the end of the year, a reflection of […]


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