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Category: Economy

EU Summit could hurt the Pound

Sterling edged higher from the day’s lows on the back of a weaker dollar as worries about rising trade tensions between the United States and other leading economies kept risk […]

Market Update

The Bank of England left policy unchanged last week, but the pound jumped to $1.33 after Chief Economist Andy Haldane voted for an immediate rate rise. Markets attach about 70% […]

Pound gains after positive meeting

The British pound gained significantly during the day yesterday, reaching above the 1.32 level comfortably against the Dollar. This was a reaction to the statement after the Bank of England […]

UK Rate decision today

Sterling rebounded from a seven-month low against the dollar and hit the day’s highs versus the euro on Wednesday after Prime Minister Theresa May won a crucial Brexit vote in […]

Sterling continues to fall this morning

The GBP/USD is trapped near recent lows close to 1.3150 ahead of today, with little impactful news on released today and continued Brexit confusion taking the wind out of buyers’ […]

Sterling continues to lose ground

Sterling fell to a fresh 2018 low on Tuesday, as concerns about an escalation in the trade dispute between the world’s two biggest economies weighed on risk sentiment. With all […]

Pound hits a 7 month low

Sterling held near seven-month lows against the US Dollar as strong U.S. data and a hawkish Federal Reserve prompted investors to buy the greenback, while the Bank of England is […]

Sterling hits a 5 day high

Sterling rose to a five-day high after British retail sales jumped for the second month in a row in May and far outstripped expectations. Sterling is likely to gain this […]

UK Retail Sales jump in May

Sterling rose a quarter of a percent this morning before any data, cementing some modest gains notched up this week. British retail sales jumped for the second month in a […]

Dollar strengthens ahead of Fed meeting

The dollar edged up across the board today ahead of a Federal Reserve policy announcement that investors will scan for clues on how many more U.S. rate hikes there will […]

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