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 […]
UK GDP grows at slowest pace in a year
Britain’s economy slowed more than previously thought in the first three months of 2017 as rising inflation boosted by last year’s Brexit vote took a toll on household spending, official […]
Sterling Stayed Subdued
Sterling stayed subdued, hovering below seven month-highs against the dollar as investors awaited further developments in Britain’s suspended election campaign after a suicide bombing rocked the English city of Manchester. […]
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 […]
UK Jobs data moves the markets
British pay growth lagged inflation for the first time in two-and-a-half years in early 2017, underscoring the growing Brexit squeeze facing many households, official data showed this morning. Excluding bonuses, […]
Inflation shoots to highest since 2013
British inflation rose to its highest level since September 2013 last month, according to official data released half hour ago – that underlined a growing squeeze on households ahead of […]
UK Data this week could weaken Sterling further
Sterling rose towards $1.30 again today, with figures showing that speculators have cut bearish bets on the currency by the most in more than a year and the third most […]
Poor day for Sterling on Thursday
Sterling fell to a one-week low against the dollar after the Bank of England’s inflation report showed interest rates were unlikely to rise within the next two years. Although the […]