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Category: Economy

Rate hike expected now in August

The Bank of England will wait until August before raising interest rates, according to polls taken over the last few days. We expected a rate rise this Thursday, but a […]

Sterling continues poor run

Market probability of a rate hike from the Bank of England next week has dropped to less than a tenth from more than 90 percent a month ago. Weak survey […]

UK Services Data Disappoints

Sterling gained slightly yesterday after positive manufacturing data however the negative numbers continued this morning after a major survey showed Britain’s services sector struggled to recover in April from a […]

Sterling Steadies

The British pound regained some recent losses against the euro and dollar after today’s better-than-expected UK construction PMI, which was surprisingly better following a recent string of disappointing UK economic […]

UK Manufacturing hits a 17 month low in April

Banks have pushed out their predictions for when the Bank of England will raise interest rates after data last week showed a sharp and unexpected slowdown in Britain’s economic growth. […]

UK GDP grows at weakest pace since 2012

Sterling fell to an eight-week low against the dollar on Friday after Britain’s economy slowed much more sharply than expected in the first three months of 2018. Sterling slumped 0.8 […]

ECB Meeting Today

The main economic event today is the ECB policy announcement at 12:45BST, followed by the press conference with President Mario Draghi at 13:30BST. No changes to interest rates or the […]

Market Update

Sterling fell against the dollar today as the U.S. currency strengthened on the back of rising Treasury yields, while traders remained cautious ahead of British GDP numbers due on Friday. […]

Sterling hits fresh lows against the dollar

Sterling dropped to its lowest since level since the middle of March, its sixth consecutive daily fall as investors are worried about the performance of the British economy. April has […]

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