Sterling Update
Sterling rose against the dollar today, investors still weighing the likelihood of an interest rate rise from the Bank of England after labour market data this week offset some worries […]
Sterling Gains Against Euro & Dollar
Sterling crept back towards $1.2950 against a weaker dollar on today, building on the previous day’s gains after marginally better than expected labour market data kept bets for a tightening […]
Jobless rate at a 42 year low
British workers saw their pay and bonus growth fall further behind inflation in the three months to end-May, data showed today, but the jobless rate hit a 42-year low. The […]
Market Update
Sterling softened to near 10-day lows against the U.S. dollar on Tuesday as tepid consumption data and business surveys underlined the challenges facing the British economy. British households spent more […]
Sterling suffers worst week
Sterling steadied today after a batch of very poor monthly output readings drove it to its worst week in a month, casting doubt on the Bank of England’s surprise warnings […]
UK Industrial & Manufacturing figures lower than expectations
British manufacturing slipped unexpectedly in May, dragged down by a fall in car production that will add to questions about the economic outlook going into the second half of 2017, […]
Dollar Steadies, Sterling Drops
The dollar steadied against its peers early this morning after the Federal Reserve’s policy meeting minutes took the wind out of its advance, with the market awaiting comments by central […]
Growth is services sector falls
Growth across British services companies fell to a four-month low in June and companies were their least optimistic in nearly a year, according to a survey that could disappoint Bank […]
Pound Rebounds
Sterling hit a six-week high above $1.30 today, close to its highest levels in nine months, on bets that British interest rates could be hiked in the coming months. The […]
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 […]