The Pound extended its slide lower Tuesday as markets responded to the latest IHS Markit manufacturing PMI, which appeared to suggest the recent economic slowdown may have extended into the second-quarter.
May 1,2018
An under-fire British Pound might just have seen the worst come to pass suggests a prominent foreign exchange analyst we follow.
May 1,2018
With the resignation of Home Secretary Amber Rudd the question of government stability comes back to the fore, economists are now turning their attention to the possible implications of a Labour Party administration.
May 1,2018
The April release of U.K. public finance data showed borrowing continues to fall with the improvement in the country's fiscal position running ahead of analyst expectations.
April 26,2018
One of the world's largest investment banks has confirmed a trade recommendation that sought to benefit from a rise in the Pound has gone wrong and near-term weakness should be expected. However, longer-term the Pound is still expected to trek higher.
April 24,2018
It appears that the Irish border question might finally be coming to an head, which is significant as an impasse here stalls the entire process and could suddenly prompt markets into repricing a no-deal risk-premium back into the Pound.
April 23,2018
The British Pound took a battering at the hands of Bank of England Governor Mark Carney overnight, confirming that Bank of England interest rate expectations remain a key driver of Sterling.
April 20,2018
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