UK Retail Sales Better Than Expected
Sunny weather helped British retail sales rise more strongly than expected in June and shake off a gloomier start to the year, offering some signs that the economy as a […]
UK Inflation Unexpectedly Slows
British inflation unexpectedly slowed for the first time since October last month, adding to the likelihood that the Bank of England will keep interest rates at a record low in […]
Sterling slips as Brexit negotiations continue
Sterling slipped back below $1.31 this morning after soaring to its highest levels in 10 months at the end of last week on a broad dollar sell-off. The pound jumped […]
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 […]
UK Data Disappoints Again
Growth in Britain’s construction industry slowed in June, adding to signs that the economy might be struggling to regain much momentum after a lacklustre start to the year, a survey […]
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 […]