UK Unemployment falls to lowest in 42 years
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 16, 2017
- No Comments
Britain’s unemployment rate unexpectedly fell to its lowest since 1975, official data showed this morning. The unemployment rate in the three months to the end of June fell to 4.4 percent, against the average forecast for it to hold at 4.5 percent in a poll of economists. The figures on wage growth showed the challenge […]
READ MORE
UK Inflation Unchanged
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 15, 2017
- No Comments
British consumer price inflation unexpectedly held steady last month as fuel prices fell amid other signs that the squeeze on households’ spending power may slowly be starting to level off. Official figures today showed the pace at which manufacturers’ raw material costs are rising slowed by the most in over five years as the initial […]
READ MORE
Pound starts week under pressure
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 14, 2017
- No Comments
The Pound has remained under pressure over the last week due to lack of political developments regarding Brexit & weaker data showing that the UK economy is, in fact, contracting at the moment. On Friday, the GBPEUR exchange rate closed under 1.10 for the first time in a long while- Which isn’t a good sign […]
READ MORE
Sterling near 3 week low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 11, 2017
- No Comments
Sterling held near a three-week low against the dollar today as investors grew wary about the outlook of the British economy after a mixed bag of data this week. The July bounce in sterling was on some expectations that the Bank of England will increase interest rates at its last policy meeting, but with fundamentals […]
READ MORE
UK Data worse than expected this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 10, 2017
- No Comments
British industrial output unexpectedly picked up in June after oil producers delayed normal seasonal maintenance, but falling car production and a slide in construction bode poorly for future months. Britain’s economy showed only sluggish growth in the first half of 2017 as consumers battled with higher inflation triggered by last year’s vote to leave the […]
READ MORE
Sterling slightly up today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 9, 2017
- No Comments
Sterling was up against the euro and the US dollar, after the US president warned North Korea faced “fire and fury” from their attempts to build nuclear weapons that could reach America. The escalating tensions last night sent worries through US stock markets, with stocks in Asia also plunging overnight. As a result, Europe was […]
READ MORE
Sterling steadies after recent big losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 8, 2017
- No Comments
Sterling steadied this morning after posting its biggest four-day decline in two months against the dollar as investors grew bearish about the outlook of the economy. The British pound was broadly flat against the dollar after weakening 1.4 percent in the last four sessions. It was the biggest four-day losing streak since mid-June, according to […]
READ MORE
Sterling – The week ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 7, 2017
- No Comments
The big news from the past week for the British Pound was the Bank of England’s rate decision on Thursday. This was a quarterly meeting, often referred to as ‘Super Thursday’ as the BoE accompanied the rate decision with a set of updated forecasts as well as meeting minutes and a press conference after the […]
READ MORE
Pound’s worst day in a month
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 4, 2017
- No Comments
Sterling posted its biggest daily loss in a month, as some investors consolidated positions after the Bank of England kept interest rates at record lows and lowered its growth and inflation forecasts. Before Thursday’s central bank decision, sterling briefly rose to a 11-month high of $1.3267 per dollar, rounding off a strong 4.5 percent rise […]
READ MORE
UK Services slightly better – All eyes on BoE at 12PM
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 3, 2017
- No Comments
The exchange rates are listed at the bottom of this article, please note the rates are for indication only. For live quotes contact us vis email or phone. Britain’s economy looks set for “steady but sluggish” growth over the coming months, after a closely watched business survey showed activity in the dominant services sector picked […]
READ MORE
