Retail Sales Miss Expectations


Retail Sales Miss Expectations

UK retail sales recorded their biggest quarterly fall in a year during the three months to March. We expected as much as the weather played a big part, keeping consumers at home. Retail sales volumes in March were 1.2 percent lower than the month before. For the first quarter, sales volumes dropped by 0.5 percent […]

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Sterling hits a 9 month high

Sterling has continued to gain against the euro, however, this could be affected next week when we have the UK wage data and employment figures released. We believe that wage growth including bonuses may slow slightly whereas the unemployment is expected to be up – both could have a negative impact on the pound. On […]

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Pound gains across the board

Sterling was flat in a big week for the British currency with employment and inflation data due, followed by a crucial summit between European and British officials to secure a Brexit transition arrangement. The Pound to Euro exchange rate has gained today, in the aftermath of the Italian general election that resulted in a hung […]

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Sterling gains after budget update

The pound has gained this morning as the dollar was dumped by investors as data showed U.S. consumer price inflation in February cooled and President Donald Trump said he had fired U.S. Secretary of State Rex Tillerson. British Finance Minister Philip Hammond gave his half-yearly economic update on the economy. Which was positive. Hammond upgraded […]

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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 takes place in the autumn and it has been promised that this afternoon’s speech will not contain any major changes to tax or spending. Instead, […]

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No Deal

Sterling weakened against the Dollar yesterday on worries that Britain might not manage to clinch a transition deal with the European Union at a summit later this month. Even against a euro shaken by the cautious tone of the European Central Bank’s chief at a press conference after a policy meeting. ECB President Mario Draghi’s […]

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Euro weakness, Sterling on the rise

The euro has weakened this morning and is set to post its second-biggest weekly loss in nearly four months as investors trim positions before a big week for global currency markets from a European politics perspective. The outcome of the Italian general election is due on March 4 and the German Social Democrats poll of […]

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Sterling Update

The US Dollar strengthened last night, this was after the Fed meeting showed policymakers are confident in rising inflation and the need for interest rates to keep increasing. The minutes also showed voting members, as well as the wider group of policymakers, had upgraded their forecasts for the economic outlook since December. A bit of […]

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Dollar fights back

The dollar enjoyed a small rebound today as investors bought back the greenback following its plunge to three-year lows. The U.S. currency has been hurt by a variety of factors this year, including concerns that Washington might pursue a weak dollar strategy and the perceived erosion of its yield advantage as other countries start to […]

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UK Retail Sales expanded 0.1% MoM

Sterling gave away part of its initial gains today following the release of January’s retail sales in the UK. Overall, retail sales volumes rose 0.1 percent on the month, below economists’ forecasts in a Reuters poll for a monthly rise of 0.5 percent, after dropping 1.4 percent in December. Even in year-on-year terms, there was […]

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