The pound reached a 3 week high against the euro yesterday after the Office for National Statistics (ONS) reported that UK retail sales rose by more than expected in February with sales volumes rising by 3.7% in February…
The pound picked up for a second day in a row against the euro but continues to fall against the high yielding currencies and reached a new 4 month low against the Australian dollar. In a quiet news day, the UK Treasury…
The pound steadied against the euro yesterday after some decent data out of the UK and on the back of a hint from a senior European Central bank (ECB) policymaker that it might embark on a bout of Quantitative Easing…
The pound continues to fall away from the multi-month and year high’s registered in January. Yesterday, the pound fell against the majority of the 16 most actively traded currencies despite some better than expected data…
The pound’s strong recovery against all 16 of the most actively trade currencies faltered yesterday. After the better than expected UK employment data and the well received budget, there was some decidedly mixed data out…
A busy day on the markets saw a largely well received budget delivered hot on the heels of a better than expected UK employment report and then a surprise from the Federal Reserve in the US. Chancellor George Osborne…
The pound fell against all 16 of the most actively traded currencies yesterday to reach new 2014 low’s against both the euro and the New Zealand dollar ahead of today’s budget announcement from Chancellor George Osborne.…
The markets reacted in a positive mood at the start of the trading week, mainly on relief over the lack of violence in the Crimea with the European and US stock markets registering strong gains and risk appetite driving…
A mixture of a heightening of political tension in the Ukraine and some poor trade data out of China reversed the markets back into risk aversion yesterday. Ukrainian Prime Minister Arseniy Yatsenyuk met with US…
The pound enjoyed a steadier day against both the euro and the US dollar yesterday. The Office for National Statistics (ONS) reported that UK industrial production rose by 0.1% (month-on-month) or by 2.9% (year-on-year)…
The pound continues to decline from the high’s seen in January and hit a 2 month low against the euro yesterday afternoon. This despite an upbeat assessment of the UK economy by the British Chambers of Commerce (BCC) who…
As expected, the Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to keep UK monetary policy unchanged for at least another month with UK interest rates staying put at 0.5%, a level they have now been at…
Ahead of the latest policy decision from the Bank of England, the pound enjoyed another decent day in the market, rising against all 16 of the most actively trade currencies in the market. Yesterday, Markit reported that…
The latest data from Markit on the state of the UK construction industry came in slightly below forecasts yesterday at 62.6 for February, down from the 77 month high registered in January although activity rose for the…
The pound enjoyed a good start to the trading month with solid gains registered against the majority of the 16 most actively traded currencies in a turbulent day in the financial markets as the crisis in the Ukraine…