UK Retail Sales Better Than Forecasts


UK Retail Sales Better Than Forecasts

Sterling firmed versus the dollar and Euro, buoyed by optimism that Britain and the European Union can make significant progress towards a Brexit deal at an EU leaders summit. Investors have pushed up the pound to its highest since July this week as they grow confident that a Brexit trade deal – helping Britain to […]

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UK Inflation Surprises

UK inflation jumped unexpectedly to a six-month high in August, pushed up by bigger-than-usual seasonal increases in sea and air fares and higher theatre admission prices, official data showed this morning. CPI rose at an annual rate of 2.7 percent in August, compared with 2.5 percent in July, the Office for National Statistics said, above […]

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Market Update

Britain’s economy would face a “significantly worse” outlook if the country leaves the European Union next year without a deal than if it reaches a Brexit agreement, the International Monetary Fund said this morning. The IMF said it expected Britain’s economy would grow by about 1.5 percent a year in 2018 and 2019 if a […]

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Potential Leadership Challenge To Prime Minister

Sterling stagnated this morning after reports of a potential leadership challenge to Prime Minister Theresa May and as realism set in about how far there remains to go before Britain can agree a Brexit trade deal. The BBC reported a group of about 50 lawmakers in British Prime Minister Theresa May’s party who oppose her […]

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UK Wage Data Comes In Strong

UK Pay growth picked up faster than expected to a rate that has not been exceeded in three years, as businesses found it harder to recruit staff, official figures showed this morning. Average weekly earnings excluding bonuses rose by 2.9 percent on the year in the three months to July, the fastest since March and […]

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Market Update

Sterling edged slightly higher this morning but was set for its biggest weekly drop in three weeks as traders consolidated positions before monthly U.S. jobs data and as broader trade tensions dominated sentiment. The British currency has had a volatile week as headlines on the progress of Brexit negotiations forced traders to unwind positions in […]

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Pound Rebound

Sterling rebounded off a two-week low, after a Bloomberg report that the United Kingdom and Germany were prepared to drop a key sticking point on Brexit negotiations fuelled hopes of a breakthrough in talks. Sterling had a jump on stories suggesting there is a shift in the German government on Brexit demands, making it more […]

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UK Data Strong – No Impact On Sterling

Sterling edged lower for a fifth consecutive day as a resurgent dollar and mounting concerns over Brexit negotiations sapped demand for the British currency. An overnight bounce in the pound after a report that the European Union could offer new guarantees to Britain to win London’s support for a solution aimed at avoiding a hard […]

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Brexit Woes & Weak Data

The British pound was set for its biggest daily drop against the euro in more than three months as concerns grew about the progress of Brexit negotiations. Sentiment was also further sapped by manufacturing data that underscored the weak state of the British economy. Traders bought sterling last week after the European Union’s chief Brexit […]

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Pressure On Theresa May

Prime Minister Theresa May’s Brexit strategy means disaster for Britain, former foreign secretary Boris Johnson said, as critics at home and officials in Brussels step up their opposition to her plans for how to leave the European Union. With under two months before Britain and the EU want to agree a deal to end over […]

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