Pound Weakens as UK Tax Hike Shocks Markets
The Pound’s fall has continued from yesterday after Chancellor Rachel Reeves surprised investors with an unplanned tax announcement. She confirmed that the government will raise income taxes, breaking one of
Sterling Slides as Reeves Announces Surprise Income Tax Rise
Sterling fell to its corresponding G10 pairs after Rachel Reeves held an unscheduled announcement confirming that she will raise income taxes, this was one of the main manifesto pledges that
Sterling Struggles as Markets Await UK Budget Clarity
Last week delivered another tough run for Sterling, with the Pound sliding against most major currencies. The weakness has less to do with a dramatic shift in economic fundamentals and
Housing Market Slows as Inflation Data Takes Centre Stage
This morning, we saw a slowdown in growth of housing prices month-on-month for the UK. Previous month saw housing prices increase by 0.5% and for this month it was forecasted
Pound Slides Further as UK Budget Concerns Grow
The Pound has continued its slide against the Dollar even after The Federal Reserve cut their rates as expected by 25 basis-points. Concerns are growing further ahead of next month’s
Markets Await Fed and BoC Decisions as Dollar Strengthens Ahead of Key Talks
Overnight, we’ve seen the U.S. Dollar strengthen after President Trump said he expects to reach a “great deal” with China’s President Xi when they meet later on Thursday. His comments
German Consumer Confidence Dips Ahead of Key Central Bank Meetings
German consumer confidence fell to its lowest levels since back in April this year at a total level of -24.1. Income expectations among German consumers have slumped after continuing geopolitical
Markets on Edge Ahead of Central Bank Decisions and Trump–Xi Summit
We’re heading into a huge week for global markets — one that combines major central bank decisions with a crucial geopolitical meeting between President Trump and President Xi. With both
UK Retail Sales Reach 2022 Highs as Gold and Tech Drive Growth Ahead of US Inflation Data
Retail sales in the UK showing signs of strength and a potential boost for the economy. We saw UK retail sales month-on-month rise by 0.5% in September and after its
Dollar Strengthens as Trade Tensions Rise and Key U.S. Data Looms
The Dollar firmed overnight after concerns grew over the U.S imposing more tariffs on China which could spark a renewed trade war between both economies. Concerns over U.S – China
UK Inflation Dip Fuels Pound Weakness and Rate Cut Expectations
UK Inflation came in a little lower than expected, which has pushed the Pound down against other major currencies. Prices rose 3.8% over the past year, slightly below the 4%
UK Borrowing Hits Four-Year High as Fiscal Pressures Mount
UK public sector borrowing reached a four year high in September, touching £20.2billion. The timing of this release comes at a difficult time for the UK government, who are currently
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