Sterling back up over 1.30 against the Dollar
Sterling back above $1.30 this morning, a day after hitting a one-month low, as a broadly weaker greenback offset worries about falling gilt yields and a shortfall in the Bank […]
Sterling drops due to rate cut and QE Programme
Sterling steadied this morning, recovering just over 0.2 percent against both the dollar and euro after the Bank of England drove its biggest daily losses in a month with a […]
Weak PMI data in the UK today
Sterling retreated from a three-week high against the dollar today ahead of the third and most important of a batch of purchasing manager surveys that offer the best clues so […]
UK expected to cut rates next Thursday
Sterling inched up against the dollar this morning, staying within the ranges in which it has traded for the past two weeks, as investors eyed a Bank of England meeting […]
Sterling falls against the Euro
Sterling fell more than half a percent against a broadly stronger euro today, 3,000 job cuts at British bank Lloyds underlining concerns that the UK economic outlook will only worsen […]
Poor UK PMI data release this morning
Sterling dived and gilts rose this morning after surveys showed business activity shrinking at a fast pace after the shock Brexit vote last month, bolstering expectations the Bank of England […]
Inflation rises in the UK
The pound erased yesterday’s rally and was fading back below the $1.32 level, with traders focusing on today’s economic releases. As traders took profits from Monday’s upswing, the pair declined […]
Sterling’s biggest week since 2009
Expectations of a period of relative domestic political and economic calm kept sterling on course for its best week since 2009 today, although broader risks from last month’s Brexit vote […]
Bank of England announcement at 12pm
Sterling strengthened amid a more upbeat mood across global markets today, as investors focused on a Bank of England policy meeting that looks set to yield the first cut in […]
UK rate cuts ahead!
Sterling fell today, dragged down by expectations that the Bank of England is likely to ease monetary policy in coming months to cushion the economy from the impact of Britain’s […]