UK Inflation Rises
Annual consumer price inflation rose to a three-month high of 2.1% in July from 2.0% in June, the Office for National Statistics said, bucking the average expectation in a Reuters […]
Snap Election Fears Hit Sterling
Sterling has strengthened against the euro this morning after some volatile trading over the weekend. In overnight trade on Friday into Saturday, the pound pushed towards 1.06 against the euro. […]
Recession Fears Rise – UK Economy Shrinks 0.2%
The pound had started the day pretty settled after Thursday’s drop on the back of senior aides of Prime Minister Boris Johnson saying they would hold a parliamentary election in […]
Market Update
Sterling’s recent slide are not over yet and could continue as chances Britain and the European Union part ways without a withdrawal deal have jumped again. Johnson, who was the […]
Brexit Update
The pound this morning has remained stuck near its weakest since 2017 and analysts are predicting renewed volatility. Risks of a no-confidence vote in the new Conservative government as soon […]
Sterling Hits 23 Month Low Overnight
The British pound holds above recent lows this morning although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit. Sterling hit a new 23-month […]
No Deal Possibility Weighs On Sterling
Sterling plunged to a 23-month low against the euro and near a 31-month low versus the dollar this morning as fears of a disorderly Brexit grew. After the by-election victory […]
Market Update
The Bank of England (BoE) policymakers voted unanimously to leave interest rates unchanged at 0.75%. However, the bank slashed its growth forecasts amid the growing risk of a no-deal Brexit. […]
Sterling Slips To 30 Month Lows
The dollar rose to a two-year peak against the euro as U.S. Federal Reserve Chairman Jerome Powell ruled out a lengthy easing cycle after delivering the first rate cut since […]
Sterling Steadies After Week Of Big Losses
Sterling, which has tumbled for the whole week as investors rushed to factor in the possibility of Britain leaving the European Union without transition trade arrangements in place, has gained […]