Market Update
Sterling climbed above $1.25 to its highest in a month against the dollar, as signs Britain might be willing to compromise on sticking points in a fresh round of Brexit […]
Market Update
Britain’s inflation rate sank in April to its lowest since August 2016 as the coronavirus pandemic pushed down global oil prices and clothing retailers cut prices, while power tariffs also […]
Market Update
Sterling hovered at near two-month lows against the dollar and the euro, as talk of negative interest rates from the Bank of England and a stalemate in Brexit negotiations kept […]
Market Update
The U.S. dollar was set for a weekly gain and the Australian dollar for a 1% drop this week as the threat of a second wave of coronavirus infections rattled […]
Britain’s economy shrank by a record 5.8%
Britain’s economy shrank by a record 5.8% in March from February as the coronavirus crisis escalated and the government ordered a shutdown of much of the country to stop the […]
Market Update
Sterling slipped against the dollar as stalled Brexit talks and further signs of damage to Britain’s economy from the coronavirus pandemic took some shine off the currency’s gains in April. […]
Market Update
The pound inched slightly higher this morning as investors turned their attention to U.S. Federal Reserve and European Central Bank meetings this week at which officials are expected to provide […]
Market Update
The pound rose against both the dollar and the euro this morning, but futures data showed the market turned net bearish on the pound for the first time since December […]
Market Update
Sterling slipped against the dollar after data showed the biggest drop in British retail sales on record, adding to fears about the economic impact of the coronavirus pandemic. Official figures […]
UK Data Near 30 Year Lows
The pound was flat this morning before the release of preliminary UK PMI data for April, which was expected to show a sharp decline in economic activity as the coronavirus […]