Britain waits on PM’s speech
Sterling traded within a tight range against the dollar today while investors waited for a speech by British Prime Minister Theresa May in which she is expected to try to […]
Sterling gains against USD
Sterling rose to two-week highs against the dollar today after escalating tensions in the Korean peninsula added to the greenback’s woes. The pound has risen more than 1 percent against […]
50% chance of a UK rate rise
The pound recorded its best weekly performance against the dollar in almost eight months last week. It climbed almost 2.5 percent to reach as high as $1.3030 after BoE Governor […]
Pound hits $1.30 after positive UK Data
Sterling climbed close to $1.30 today, hitting its highest since before Britain’s parliamentary elections, as investors brought forward their expectations for when the Bank of England would begin to tighten […]
Sterling drops to 7 month lows against Euro
Sterling hit a seven-month low to the euro this morning, losing ground to renewed strength in the single currency after European Central Bank President Mario Draghi hinted the days of […]
What will affect Sterling this week?
Last week was pretty underwhelming as the Prime Minister is still yet to form her Government, and it seems Brexit negotiations have started pretty smoothly (Not sure how long it […]
Sterling rises as investors ignore the polls
Sterling rose against the dollar on Tuesday, with investors shrugging off opinion polls showing British Prime Minister Theresa May’s lead over the Labour opposition narrowing less than two weeks before […]
PM’s lead falls back after latest poll
Britain’s pound fell back below $1.30 today after a pair of polls over the weekend showing Prime Minister Theresa May’s opinion poll lead falling back into single figures ahead of […]
Pound breaks 1.30 against USD again
Sterling was set for a 1 percent weekly gain versus the dollar today although some investors were calling a top on the British currency, which climbed above $1.30 this week […]
UK Retail Sales Soar in April
British shoppers set aside their concerns about fast-rising inflation following last year’s Brexit vote and unexpectedly stepped up spending at the fastest rate in years, helped by fine weather, official […]