Market Update
Sterling retreated against a broadly firmer dollar, as investors awaited confirmation of the government’s spending plans to lift an economy that posted its biggest contraction in 40 years in early-2020. […]
Market Update
Sterling rose slightly but remained under the $1.25 mark after hitting almost three-week lows as retail sales rebounded in May more strongly than hoped with the country gradually relaxing its […]
Market Update
Sterling dipped against the dollar and euro as some investors braced for a larger-than-expected increase in the Bank of England’s quantitative easing programme to combat the economic fallout of the […]
Market Update
Sterling has dropped slightly after data showed inflation fell to its lowest level since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and caused […]
Market Update
Sterling sank against the dollar and euro as fears of a second wave of coronavirus hit risk sentiment and global markets, with investors also nervous ahead of a key meeting […]
Market Update
The pound rose against a broadly weaker dollar in early this morning as Britain eased some lockdown restrictions, but the market’s net short position on sterling is the largest in […]
Market Update
The pound was flat against the dollar and euro in early London trading, near the lows reached the days before on reports that Brexit talks are at an impasse. Sterling […]
Market Update
Sterling edged up against the U.S. dollar but fell versus the euro as clouds lingered over the pound after UK inflation fell below 1% to its lowest in nearly four […]
Market Update
Britain’s inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing retailers cut prices, while power tariffs also […]
Britain’s economy shrank by a record 5.8%
Britain’s economy shrank by a record 5.8% in March from February as the coronavirus crisis escalated and the government ordered a shutdown of much of the country to stop the […]