Market Update
The pound gained versus the dollar and held steady against the euro this morning ahead of an expected U.S. Federal Reserve rate hike later in the day and Thursday’s European […]
US Dollar Could Strengthen This Week
The dollar fell against most currencies yesterday, slipping further from a 23-month high, as traders await more data to convince them whether to add to their bullish positions in the […]
Halloween Deadline
European Union leaders gave Britain six more months to leave the bloc, more than Prime Minister Theresa May says she needs but less than many in the bloc wanted, thanks […]
Daily Update
Fed speakers continue to leave open the door to raising rates three more times this year if the data starts to accelerate. The US economy continues to perform well, although […]
Sterling hits fresh lows against the dollar
Sterling dropped to its lowest since level since the middle of March, its sixth consecutive daily fall as investors are worried about the performance of the British economy. April has […]
Sterling lower against the Dollar
Sterling edged lower against the dollar and euro yesterday, holding off 10-day highs hit last week, as traders awaited key wages data due on Wednesday for clues to the pace […]
UK pay growth lags behind Inflation
Sterling got only a temporary boost from data showing British wage growth edged above forecasts this morning, rising briefly against the dollar before dropping off again. British pay growth has […]
Sterling hits 15 month high vs US Dollar
Sterling hit a 15-month high against the dollar today before retreating a notch as investors wound back some of last week’s bets on a Bank of England rate rise ahead […]
Pound breaks 1.30 against USD again
Sterling was set for a 1 percent weekly gain versus the dollar today although some investors were calling a top on the British currency, which climbed above $1.30 this week […]
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 […]