UK GDP grows at slowest pace in a year


UK GDP grows at slowest pace in a year

Britain’s economy slowed more than previously thought in the first three months of 2017 as rising inflation boosted by last year’s Brexit vote took a toll on household spending, official figures showed on Thursday. Just two weeks before Britons go to the polls in an early election called by Prime Minister Theresa May, the Office […]

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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 but is seen vulnerable to Brexit negotiations. The pound surged to an eight-month high of $1.3048 after strong retail sales figures on Thursday, losing momentum […]

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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 data showed this morning. The figures suggest that – at least temporarily – consumers’ mood has become more upbeat in the run-up to a national […]

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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 on record. The overwhelmingly negative view on the pound dominating foreign exchange markets since the Brexit referendum in June last year has abated since British […]

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Sterling falls against Euro – French Election

Sterling fell sharply against the euro today as investors favoured Europe’s currency over Britain’s in a wave of relief sweeping financial markets following results of the first round of France’s presidential election. The pound rallied nearly 2 percent last week, hitting four-month highs against the euro, after British Prime Minister Theresa May called for a […]

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20/04/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Retail Sales
  • April 20, 2017
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Please find the indication rates at the bottom of this article. For live quotes please contact us. The pound inched higher against a basket of major currencies today, after a solid performance against the euro before the first round of French presidential elections and from an improvement due to the snap election announcement. Sterling rose […]

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Article 50 will be triggered this Wednesday

It seems like a very long time ago that the UK public came out and voted to leave the EU, after all of the issues in the Houses of Commons and in the Supreme Court, finally on Wednesday we will see the PM begin the process of leaving the EU. Last week we did see […]

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Pound drops due to Brexit worries

Sterling fell against the dollar and euro today, retreating from the previous session’s one-month highs, as investors braced for Britain’s beginning the formal process of leaving the European Union next week. An interview with Bank of England policymaker Gertjan Vlieghe in The Times also laid out the argument for the Bank looking through further rises […]

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UK Retail Sales better than expectations

Sterling hit a one-month high against the dollar this morning, after UK retail sales data came in much higher than expected, soothing worries about weakening consumer sentiment in Britain as it prepares to leave the European Union. Sales volumes in February rose by 1.4 percent from January, beating the 0.4 percent increase forecast by a […]

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Sterling steadies after recent boost

The pound flattened out today after hitting its highest levels in almost four weeks, speculation that the Bank of England will raise rates within the next year cooled by broader concerns about a Brexit-driven slowdown in the UK economy. Sterling has surged 3 percent in the past week, driven by a turnaround in the dollar […]

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