Pound sinks after dovish Mark Carney speech
Sterling extended losses today, slipping to a one-month low against the dollar, as the Bank of England’s plans to take a “very gradual” approach to raising interest rates sent investors […]
Super Thursday – Rate Rise
Sterling steadied this morning, consolidating some chunky gains this week, especially against the euro, before a historic Bank of England policy decision where it is widely expected to raise interest […]
GBP/EUR at 3 month high
Sterling hit a 3-1/2-month high against the euro on today as investors focused on a Nov. 2 Bank of England policy decision they expect will produce the first interest rate […]
Bank of England Raise Rates?
Sterling consolidated gains today as the market geared up for a rate rise from the Bank of England this week when investors will analyse the bank’s statement for the future […]
Big week ahead for Sterling
Britain’s housing market and consumer economy kept most of their momentum last month, lending figures from the Bank of England showed today, leaving the central bank on track to raise […]
Dollar hits 2 week high
The dollar was trading near two-week highs against a basket of the other major currencies on Tuesday as speculation over who will be the next the chairman of the Federal […]
UK Inflation hits a 5 year high
UK inflation rises to its highest level in 5 and a half years last month, according to official data released at 9:30am this morning that could make the Bank of […]
Britain’s trade deficit hits a all time high
British factories had their strongest two months of 2017 in July and August, suggesting the Bank of England remains on track to raise interest rates soon, but the deficit in […]
UK Services slighty above expectations
The PMI showed growth in services activity unexpectedly sped up a little last month, compensating for weaker readings in the manufacturing and construction industries reported earlier in the week. Taking […]
UK GDP drops to 1.5%
Britain’s economy recorded its weakest year-on-year growth since 2013 in the three months to the end of June, and the major services sector contracted in July, showing a possible loss […]