Pound Gains After Theresa May Comments
The pound rose yesterday to its highest in a week as traders bet that Prime Minister Theresa May’s decision to take control of Brexit negotiations would make it easier to […]
Sterling Fights Back After Hitting 10 Month Lows
The pound hit a five-day high versus the dollar as the greenback lost momentum, but the outlook for the British currency was clouded by fresh angst over Brexit and doubts […]
Volatility Ahead
Sterling looks set for more volatility this week however amid growing talk of a likely “hard” Brexit — crashing out of the European Union without a trade deal in place. […]
Sterling Continues To Slide
The British pound steadied around the $1.30 mark on Friday as traders took stock at the end of a bruising week in which weak economic data and more political uncertainty […]
UK Retail Sales Surprisingly Drop
British retail sales grew by the most in over a decade in the second quarter of 2018, official data showed this morning, giving the Bank of England reassurance shoppers had […]
British Inflation Fails To Rise
British inflation failed to rise as expected last month, potentially giving Bank of England policymakers pause for thought ahead of a widely expected interest rate hike next month. Despite motor […]
UK Pay Growth Slows
British workers’ pay growth has slowed to its weakest in six months despite record employment, challenging the Bank of England as it considers whether to raise interest rates next month […]
Key Vote In Parliament Today
Following last week’s Brexit White Paper, the Customs Bill heads back to the House of Commons today. Several amendments to the bill have been tabled, including four by hard-Brexiteer Jacob […]
Trump – No Deal
Sterling fell to a 2-week low today as a resurgent dollar and comments by U.S. President Donald Trump that a possible trade deal was probably dead, this lead to no […]
Government To Publish Brexit White Paper
Today’s attention is likely to centre on the UK government’s publication of its Brexit White Paper following last week’s Chequers meeting. The White Paper is expected to formalise the plan […]