UK Jobs data moves the markets
British pay growth lagged inflation for the first time in two-and-a-half years in early 2017, underscoring the growing Brexit squeeze facing many households, official data showed this morning. Excluding bonuses, […]
UK Data this week could weaken Sterling further
Sterling rose towards $1.30 again today, with figures showing that speculators have cut bearish bets on the currency by the most in more than a year and the third most […]
All eyes on BoE meeting this afternoon
Sterling remained below seven-month highs against the dollar this morning, as investors waited for UK economic data and a Bank of England interest rate decision and inflation report due later […]
Macron wins french election – pound stays stable
A boost for European markets from France was not enough to drive sterling past $1.30 this morning, with the British currency trading in tight ranges as domestic attention focused on […]
Sterling holds its own
Sterling held steady below seven-month highs against the dollar today after the results of a survey of Britain’s huge services sector, following stronger-than-expected data in a corresponding manufacturing survey. The […]
UK Construction PMI beats expectations
UK Construction Purchasing Managers’ Index (PMI) came in better than expectations at 53.1 compared to polls expecting a reading of 52. Tuesday’s stronger-than-expected survey of the manufacturing sector gave the […]
UK Economy grows less than expected
Britain’s economy grew less than expected in the first quarter of 2017, according to preliminary numbers from the ONS released on Friday. GDP grew by just 0.3% in the quarter, […]
Sterling hits 7 month high against dollar
Sterling rose around half a percent to 7-month highs above $1.29 this morning, helped by a broader softening of the dollar and polls showing Prime Minister Theresa May on course […]
Sterling falls against Euro – French Election
Sterling fell sharply against the euro today as investors favoured Europe’s currency over Britain’s in a wave of relief sweeping financial markets following results of the first round of France’s […]
Sterling stays strong
The pound inched higher against a basket of major currencies today, after a solid performance against the euro before the first round of French presidential elections and from an improvement […]