UK wage growth slows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- June 12, 2018
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British workers’ wages grew more slowly in the three months to April, according to official data published this morning which could further dampen expectations that the Bank of England will raise interest rates as soon as August. Total earnings, including bonuses, rose by an annual 2.5 percent, down from growth of 2.6 percent in the […]
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UK Services Sector grows more than expectations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- June 5, 2018
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Companies in Britain’s dominant services sector grew more quickly than expected in May after a winter slump in early 2018, but the approach of Brexit held back many companies, a survey showed this morning. The IHS Markit/CIPS services purchasing managers’ index (PMI) rose to a three-month high of 54.0 in May, better than a median […]
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Euro weakens due to Italy concerns
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 29, 2018
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As the UK and the US return from their bank holiday, liquidity and European political worries dominate the agenda today. The USD remains a safe haven as Italian bond spreads continue to widen. The market will also be listening more closely to the many ECB speakers today to gauge their reaction and thoughts to escalating […]
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UK GDP rises 0.1%
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 25, 2018
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Q1 Gross Domestic Product in the UK increased 0.1% in the second estimate, the Office for National Statistics announced this morning. This is unchanged from 0.1% quarter-to-quarter rise reported in the preliminary estimate. Comparing this to a year ago, the UK GDP increased 1.2% y/y, unchanged from the estimate. Within the structure on Q1 GDP, household […]
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Pound shoots up across the board
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 24, 2018
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Sterling shot to a fresh post-Brexit-vote high of $1.41 today, extending a recent rally that has seen confidence in the British currency recover. The pound climbed as much as 0.6 percent, its highest level since Britain’s vote to leave the European Union in June 2016. Against the euro, the pound was up 0.3 percent at […]
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Downbeat UK Retail Sales
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 19, 2018
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The recent pound gains against the U.S. dollar were trimmed this morning, after the release of downbeat UK retail sales dampened optimism over the strength of the economy, although overall weakness in the greenback kept the pair near one-and-a-half year highs. The pound weakened after data this morning showed that UK retail sales declined much […]
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Morning Report
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 8, 2018
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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 […]
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Sterling slips off this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 4, 2018
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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 […]
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Sterling is the worst performing major currency
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 21, 2017
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The British Pound became one of the worst performing majors during today’s 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 in December […]
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UK Retail Sales up
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 14, 2017
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The pound hit daily highs after data showing that UK retail sales rose at a far faster pace than expected last month as investors await the outcome of the Bank of England’s monetary policy meeting later in the day. Retail sales jumped 1.1% in November, up from 0.5% in October and well ahead of economists’ […]
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