Dollar should strengthen due to US Election
Sterling fell more than 1 percent this morning against a resurgent dollar, which rebounded on news that Hillary Clinton would not face criminal charges over her private e-mail server, boosting […]
Sterling gains due to high court hearing
Sterling traded close to a four-week high today and was heading for its best week since March, having jumped after England’s High Court put a spanner in the government’s plans […]
Big week for the pound
Sterling slipped below $1.22 on Monday as worries about the fallout from Britain’s vote to leave the European Union outweighed reports that Mark Carney will serve a full term as […]
Sterling down further despite stronger GDP figures
Sterling down further today, even though we had stronger-than-expected third-quarter GDP data failing to allay worries Britain’s vote to leave the European Union. Sterling has lost almost a fifth of […]
UK Rate cut not likely
Sterling recovered to around $1.22 this morning, having fallen below $1.21 the previous day, as expectations for an interest rate cut next week faded. Bank of England Governor Mark Carney […]
Will Mark Carney’s speech help or hinder Sterling?
Sterling slipped on Tuesday, weighed down by expectations that the Bank of England Governor Mark Carney could flag the possibility of further monetary easing when he speaks later in the […]
Sterling rebounds
Sterling edged down against the dollar on Friday, hurt by expectations that Britain’s economy is likely to suffer from a hard-line stance by the European Union in negotiations on the […]
Retail Sales up in last quarter
British retail sales recorded their strongest quarter of growth since late 2014 in the three months to September, but warm weather and higher prices dented demand for new clothing towards […]
UK Inflation surges
British inflation recorded its sharpest jump in more than two years in September, even without any direct evidence of the weaker pound pushing up prices, official figures showed this morning. […]
Sterling declines against the Dollar & Euro
Sterling is below $1.22 this morning and weakened against the euro, hurt by rising gilt yields and media reports of disagreements between the Chancellor and his cabinet colleagues over the […]