UK Retail Sales expanded 0.1% MoM


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 […]

READ MORE

Dollar Weakens Ahead Of Inflation Data

Sterling strengthened yesterday after data showed British inflation unexpectedly stayed close to its highest levels in six years in January, firming up investors’ bets that the Bank of England will raise interest rates again in May. The BoE surprised financial markets last week by indicating that rates could move up faster than previously expected, as […]

READ MORE

Sterling Update

Sterling has climbed more than 5 percent since the start of the year as the U.S. currency has weakened broadly and as investors have become optimistic about Britain’s economy and the prospect of a Brexit deal that is more favourable to the UK. Against the euro, the pound was flat reports that EU officials had […]

READ MORE

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 the greenback’s strength against a basket of six major currencies, was down 0.24%. The dollar has come under pressure as it has lost its relative […]

READ MORE

US Shutdown weakens US Dollar further

The dollar was pinned near a three-year low today as a U.S. government shutdown encouraged investors to add to bearish bets against the greenback while the euro consolidated recent gains. Unless the U.S. government shutdown ends very quickly which may boost the dollar, markets are focusing on the two other economies this week, namely the […]

READ MORE

May’s reshuffle was a shambles

British Prime Minister Theresa May’s leadership team shake-up, designed to restore her authority and address divisions over Brexit, was branded a shambles after one minister quit and media reported another had refused to move jobs. May had hoped to reset her agenda and strengthen her hand as Britain moves to the second phase of talks […]

READ MORE

Morning Report

British house prices unexpectedly fell in December compared with November, their first decline in six months, mortgage lender Halifax said on Monday, adding to signs of weakness in the country’s housing market since the 2016 Brexit vote. British Prime Minister Theresa May said that she would announce changes to her ministerial team soon, with media […]

READ MORE

Sterling slips off this morning

The British Pound became one of the worst performing majors this morning in the early trading session as more sour news related to the UK crossed the wires. Earlier on Wednesday, the IMF downgraded its prediction for economic growth in this country to 1.6% this year from 1.7%. GfK consumer confidence clocked in at -13 […]

READ MORE

British businesses reported a pickup in growth

British businesses reported a pickup in growth in the three months to December, but they expect a slowdown in early 2018 as high inflation takes its toll on households, the Confederation of British Industry said this morning. British inflation hit its highest level in nearly six years in November when it rose to 3.1 percent, […]

READ MORE

Sterling flat today

Sterling is trading flat today the after British economic growth for the third quarter was left unchanged and the year-on-year number was slightly higher, with traders avoiding big positions before the holiday period. Britain’s Office for National Statistics (ONS) said economic growth for the July to September was 0.4 percent, unchanged from the previous reading […]

READ MORE
1 2 3 10

What's Going On?

Currencies 4 You Limited is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House, Victory Way, Admirals Park, Crossway Dartford, DA2 6QD. Currencies 4 You's Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 522933). Ebury Partners UK Limited is registered with the Information Commissioner's Office under the UK Data Protection Act (registered no Z209673X) | Terms and Conditions | Privacy Statement | Careers