Dollar Volatility Continues
The dollar came under renewed selling pressure this morning, sliding lower against a basket of major currencies ahead of the Federal Reserve’s policy decision. The U.S. dollar index, which measures […]
Britain’s trade deficit hits a all time high
British factories had their strongest two months of 2017 in July and August, suggesting the Bank of England remains on track to raise interest rates soon, but the deficit in […]
Retail Sales Boost Pound
Sterling jumped by almost a cent against the dollar on Wednesday after data showed British retail sales surged unexpectedly in August, increasing pressure on the Bank of England to lift […]
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 […]
What will affect Sterling this week?
Last week was pretty underwhelming as the Prime Minister is still yet to form her Government, and it seems Brexit negotiations have started pretty smoothly (Not sure how long it […]
UK Construction & Manufacturing Boost UK Economy
British construction activity grew at its fastest rate since the end of 2015 last month, as a pick-up in housebuilding helped builders shake off a lack lustre start to the […]
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 […]