Pound Stagnates
The pound remained stuck near a one-week low this morning with a lack of progress in Brexit talks prompting concern that a vote on Prime Minister Theresa May’s deal could […]
Market Update
Sterling consolidated gains this morning and was set to snap a three Sterling consolidated gains on Friday and was set to snap a three-week losing streak as investors eyed last-minute […]
Hammond Comments Boost Sterling
Sterling rose to the day’s high after British Chancellor of the Exchequer Philip Hammond said this morning the possibility of a no-deal Brexit is leading lawmakers to reconsider backing the […]
Pound Gains
Sterling shot past $1.30 on hopes that Prime Minister Theresa May will make progress in seeking changes to her Brexit deal with the European Union, although some traders struggled to […]
UK Wage Data Strong
UK pay growth held at its fastest pace in a decade in late 2018 and job creation remained strong, official figures showed this morning, suggesting the labour market was staying […]
UK GDP worst since 2012
Britain’s economy slowed as expected in the final three months of last year, pushing growth in 2018 to its weakest in six years, as Brexit worries hammered investment into the […]
BOE sees weakest outlook since 2009
The pound has been volatile this week. It fell further yesterday after the BoE kept interest rates on hold and then strengthened when the central bank said rates will rise […]
Brexit Chaos Weighs On Sterling
The pound has fallen fell below $1.29 for the first time in more than two weeks as dollar strength prompted traders to move to the side lines before a central […]
Dollar Weakens After Fed Meeting
The pound steadied this morning as Britain prepared to resume negotiations with the European Union over how to resolve the issue of Irish border arrangements after Brexit. Sterling has strengthened […]
Pound Gains After Overnight Losses
Sterling gained again this morning after declines triggered by the UK parliament’s rejection of amendments to delay Brexit, as investors bet the government would still avoid exiting the European Union […]