Market Update
The pound was flat against the dollar and euro in early London trading, near the lows reached the days before on reports that Brexit talks are at an impasse. Sterling […]
Market Update
The pound rose against overnight and continued to gain in early London trading, after Prime Minister Boris Johnson set out plans to reopen thousands of high street shops, department stores […]
Market Update
Sterling edged lower against both the U.S. dollar and the euro as fresh data showed retail sales fell by a record 18% as the coronavirus crisis hammered the economy and […]
Market Update
Sterling edged up against the U.S. dollar but fell versus the euro as clouds lingered over the pound after UK inflation fell below 1% to its lowest in nearly four […]
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
The pound rose against both the dollar and the euro overnight before steadying, recovering somewhat from seven-week lows but not fully participating in a market-wide relief rally from improving risk […]
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 […]
Market Update
Sterling fell below $1.22 in early trading to its lowest level in more than five weeks as the combination of a stronger dollar and weak UK economic data hurt the […]
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 […]