Euro gains as dollar weakens
The euro rose to a new five-week high this morning, mainly due to dollar weakness prompting investors to put their money into the Eurozone. Global markets were shaken this month […]
Sterling up after May rate rise on the cards
The pound rallied last week after Britain secured itself a Brexit transition deal with the European Union, official data showed British workers’ wages growing at their fastest rate in nearly […]
Pound hits 7 week highs
The pound to a 7-week high this morning as for the Bank of England meeting at which the central bank is expected to talk up a rate rise in May. […]
UK wage data beats expectations
The pound rose this morning after the latest UK jobs report showed that wage growth picked up, fuelling expectations for a rate hike by the Bank of England, possibly as […]
UK Inflation lower than expected
The British pound dropped off slightly after data showed UK inflation slowed more than forecast in February, the first in a series of economic reports due during a week when […]
UK Budget update today
UK Chancellor of the Exchequer Philip Hammond will give his Spring Budget update today. Traditionally a major set-piece event, its importance has now been downgraded. The main Budget statement now […]
UK economic growth slows further
British citizens stopped spending as much in February, giving the weakest start to the year since 2012, figures from payments company Visa showed, raising the prospects that the broader economy […]
All eyes on the ECB meeting today
Sterling hit a three-month low against the euro before recovering again, this happened as the release of the European Union’s draft guidelines for a future trade deal with Britain underlined […]
Brexit negotiations control Sterling
The UK focus is likely to be on developments in the Brexit negotiations. The EU-27 countries will discuss the European Commission’s draft guidelines on future EU-UK relations before European Council […]
Sterling volatile after May’s speech
The euro is lower this morning as results from Italy pointed to a far messier than expected outcome, with a strong showing for anti-establishment parties and no groupings looking strong […]