UK pay growth lags behind Inflation


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 lagged behind inflation again, official data showed, but the figures are likely to cement expectations among investors that the Bank of England will soon raise […]

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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 of a speech by the central bank’s governor Mark Carney. The pound rocketed past $1.36 to its strongest since the Brexit vote on Friday after […]

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Pound Surges

The pound has advanced to fresh multi-week highs against the Euro and US Dollar as the currency market reacted to a surprising announcement from UK Prime Minister Theresa May. After May revealed her intention to hold a general election on June 8th, GBP/EUR jumped to 1.1890 and GBPUSD jumped to 1.27. Despite previously asserting that […]

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