UK Retail Sales Soar in April
British shoppers set aside their concerns about fast-rising inflation following last year’s Brexit vote and unexpectedly stepped up spending at the fastest rate in years, helped by fine weather, official […]
Inflation shoots to highest since 2013
British inflation rose to its highest level since September 2013 last month, according to official data released half hour ago – that underlined a growing squeeze on households ahead of […]
UK Data this week could weaken Sterling further
Sterling rose towards $1.30 again today, with figures showing that speculators have cut bearish bets on the currency by the most in more than a year and the third most […]
The ‘Brexit Election’ and what it means for the pound?
The ‘Brexit Election’ and what it means for the pound? With just under 4 weeks to go before the general election, polls have stated that the number one priority is […]
All eyes on BoE meeting this afternoon
Sterling remained below seven-month highs against the dollar this morning, as investors waited for UK economic data and a Bank of England interest rate decision and inflation report due later […]
Sterling bounces this morning
Sterling hit a three-week high versus the euro and climbed towards $1.30 on Wednesday as traders awaited this week’s Bank of England inflation report and policy meeting. Sterling’s rise since […]
All eyes on Thursday – BoE Meeting
Sterling steadied near recent seven-month highs close to $1.30 today, as traders looked to a Bank of England inflation report and policy meeting this week for fresh drivers for a […]
Macron wins french election – pound stays stable
A boost for European markets from France was not enough to drive sterling past $1.30 this morning, with the British currency trading in tight ranges as domestic attention focused on […]
Sterling holds its own
Sterling held steady below seven-month highs against the dollar today after the results of a survey of Britain’s huge services sector, following stronger-than-expected data in a corresponding manufacturing survey. The […]
UK Construction PMI beats expectations
UK Construction Purchasing Managers’ Index (PMI) came in better than expectations at 53.1 compared to polls expecting a reading of 52. Tuesday’s stronger-than-expected survey of the manufacturing sector gave the […]