UK Economy grows less than expected


UK Economy grows less than expected

Britain’s economy grew less than expected in the first quarter of 2017, according to preliminary numbers from the ONS released on Friday. GDP grew by just 0.3% in the quarter, while on an annual basis the figure was 2.1%. Prior to the release economists had forecast 0.4% growth, representing a slowdown from the 0.7% figure […]

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Sterling hits 7 month high against dollar

Sterling rose around half a percent to 7-month highs above $1.29 this morning, helped by a broader softening of the dollar and polls showing Prime Minister Theresa May on course for a landslide in the early election she has called for June. The pound rose by as much as 4 cents when May announced the […]

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Pound slips against Dollar and Euro

Sterling dipped versus the dollar and euro today, struggling for direction ahead of first quarter growth numbers due on Friday in a week so far dominated by events in the euro zone. The pound sank to a two-week low versus the euro on Tuesday, as the single currency bounced for a second day following market-favoured […]

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Sterling continues to slip against the euro

Sterling dipped against the euro again today, kept under pressure by the single currency’s renewed strength as relieved investors turned optimistic on Europe after the first round of the French presidential election. On Monday the pound had its worst day versus the euro since early January, falling 1.4 percent after a run-off vote between two […]

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Sterling falls against Euro – French Election

Sterling fell sharply against the euro today as investors favoured Europe’s currency over Britain’s in a wave of relief sweeping financial markets following results of the first round of France’s presidential election. The pound rallied nearly 2 percent last week, hitting four-month highs against the euro, after British Prime Minister Theresa May called for a […]

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What does the general election mean for the pound?

British PM, Theresa May surprised the markets on Tuesday morning by announcing a snap general election in June. The instant reaction to this was the Pound rising by around 3% across the board, which I am sure many of you were happy to see! Tuesday was, in fact, the best day Sterling has had since […]

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Sterling stays strong

The pound inched higher against a basket of major currencies today, after a solid performance against the euro before the first round of French presidential elections and from an improvement due to the snap election announcement. Sterling rose against a broadly weaker dollar with bullish polls for Prime Minister Theresa May’s Conservatives adding to expectations […]

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Pound Surges

The pound has advanced to fresh multi-week highs against the Euro and US Dollar as the currency market reacted to a surprising announcement from UK Prime Minister Theresa May. After May revealed her intention to hold a general election on June 8th, GBP/EUR jumped to 1.1890 and GBPUSD jumped to 1.27. Despite previously asserting that […]

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Pound boosted by data

British pay growth after accounting for inflation almost disappeared completely in the three months to February, the clearest evidence yet that households are feeling the strain of rising prices as Brexit negotiations begin. Workers’ total earnings including bonuses rose by an annual 2.3 percent in the three months to February, unchanged from the previous period, […]

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UK Inflation stays at 2.3%

UK inflation’s huge surge since the Brexit referendum paused in March, remaining at the same level seen in February, according to the latest release from the Office for National Statistics on this morning. The ONS said that the UK’s consumer price index — the key measure of inflation — was 2.3%, flat from February, and […]

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