UK Inflation Lower Than Expectations
British households kept a tighter grip on their credit cards last month as spending grew at one of the slowest annual rates of the past three years, data showed, adding […]
Pound Edges Up Against Euro
Sterling edged up this morning, extending its winning streak against the euro for a sixth straight day after enjoying a boost from last week’s better-than-expected manufacturing and trade data. The […]
UK Data Better Than Expectations
British manufacturing grew more strongly than expected in December, showing the economy remained resilient to the end of the year despite June’s Brexit vote shock, although 2017 looks like it […]
GBP Continues To Perform Well
Sterling traded at its highest in a week today after some more upbeat British housing data helped soothe nerves over economic growth and the government eased past parliamentary roadblocks to […]
Pound Gains Against Euro & Dollar
The British pound steadied around $1.25 this morning after a series of swings a day earlier driven by competing signals on the outlook for growth, interest rates and Britain’s withdrawal […]
Sterling Fall Continues To Hurt UK Companies
Sterling’s sharp fall against the U.S. dollar and Euro since June’s Brexit vote has so far hurt almost as many exporters as it has aided, the British Chambers of Commerce […]
Sterling Slips For Second Day
Sterling fell another 0.4 percent this morning after a fall in a closely-watched services sector indicator reawakened concerns over the impact of last year’s Brexit vote on a previously resilient […]
Sterling/Dollar Traded Above 1.27
Sterling rose to trade above $1.27 for the first time in seven weeks against the dollar, as investors awaited a Bank of England quarterly report that is expected to upgrade […]
UK GDP Better Than Forecast
Sterling hit a six-week high against the dollar and hit a three-week high against the euro this morning, This was after data showed Britain’s economy kept its robust momentum in […]
May Must Get Parliament Approval For Brexit Negotiations
The Supreme Court ruled this morning that Prime Minister Theresa May must get parliament’s approval before she begins Britain’s formal exit from the European Union. The UK’s highest judicial body […]