It’s been a mixed week for sterling, initially losing and then gaining slightly against the Euro, Dollar and Japanese Yen. The FTSE had a bad day on the 13th however it has so far managed to fend off falling into the bear trap, trading around...
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29th Nov 2024 | Updated at 08:48pm 29th Nov 2024
Bank of England cut growth forecast
- 17 Aug 2017
Brexit negotiations initially got off to a shaky start as it seemed that British cabinet ministers were unable to reach an agreement on the best course of actions and the government also seemed at war with itself over the divorce terms.
Brexit deal in tatters
- 06 Dec 2017
The ongoing and tense negotiations have led to a broad agreement by the UK to a gross financial settlement of £89bn on leaving the bloc, although the British expect the final net bill to be half as much. The news brings the two sides close to agreement on a key obstacle to opening talks on a future free trade pact.
Interest rate cut reversed
- 09 Nov 2017
Sterling surges 2% against the Dollar
- 02 May 2017
Pound rebound since Brexit vote
- 07 Mar 2017
- 20 Jan 2016
The weakness seen in the pound continued starting the week with industrial production slipping below forecast 0.7% in November, the biggest slide in 3 years, mainly due to low domestic demand for electric and gas. UK manufacturing also slipped...
GBPUK construction companies ended 2015 with a robust and accelerated expansion of overall business activity, thereby indicating a rebound from the slowdown recorded in November. 57.8 In December, up from a seven-month low of 55.3 in November....
In a week marked by the complete absence of economic or policy news out of the UK, Sterling tracked almost tick by tick the moves of the Euro versus the US Dollar to end down a bit over 1% against both major currencies.
It has been a defining week for the US dollar with Janet Yellen finally announcing a long awaited rate hike. As our reports have been alluding to in the months prior to the announcement, we saw the US Federal Reserve raise interest rates by...
- 16 Dec 2015
UK manufacturing disappointed markets with a reported -0.4% decrease in November from a forecasted -0.1%. Industrial output rose 0.1% as expected but y/y it rose 1.7% which was above expectations. The UK was expected to report no change in...
- 09 Dec 2015
It has been an interesting week for the Euro to say the least. Mario Draghi shocked markets last week with the Euro gaining significantly against its major peers after the European Central Bank (ECB) monetary policy meeting last Thursday.
- 02 Dec 2015
The Bank of England governor Mark Carney has said that UK interest rates are likely to remain low "for some time". UK rates have been held at 0.5% since March 2009. Most economists are not expecting the Bank to raise rates until mid-2016 at...
The UK's inflation rate remained at -0.1% in October meaning this will further dampen expectations of a rise in interest rates any time soon. The ONS added that the Retail Prices Index, a separate measure that includes housing costs, fell to...
The Bank of England is expected to become the second major central bank after the Fed to raise rates since the financial crisis. By contrast, the European Central Bank said last week it was prepared to loosen policy further in the euro zone,...
