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Pound drops by most this month on very soft retail sales

News by Allie Longford on 06:05 EST February 17, 2017
Retail sales unexpectedly fell for a third month in January.

UK government loses Brexit vote appeal

News by Newsroom on 04:59 EST January 24, 2017
The Supreme Court has dismissed on Tuesday the government's appeal in a landmark case about Brexit, meaning that Parliament will now be required to give its approval before official talks on leaving the EU can begin.

Pound stages the largest come back since 2008

News by Simon Kazinsky on 11:50 EST January 17, 2017
After yet another dramatic plunge for the pound at the start of the week where GBPUSD gapped down by more than 200 pips at the open the British currency has made a V shape recovery against the dollar following (or coinciding) the UK's PM announcement that whatever the Brexit deal is it will have to be approved by parliament.

The pound crashes at the beginning of the week

News by Newsroom on 17:10 EST January 15, 2017
The pound gapped down more than 200 pips at the open of the trading week.

Pound sinking on Monday morning

News by Newsroom on 05:39 EST January 09, 2017
The year has turned but the weakness of the British pound continues.

Pound weak as Bank of England leaves UK interest rates on hold

News by Allie Longford on 07:33 EST December 15, 2016
The pound keeps losing ground against the dollar in a combination of the FED raising rates just yesterday and the Bank of England keeping its base rate at historic lows.

Pound down as industrial output falls by most in four years

News by Allie Longford on 08:42 EST December 07, 2016
British industrial output suffered its largest monthly drop in more than four years in October after the temporary shutdown of a major oilfield ONS official figures showed on Wednesday.

Pound blasts to three-week high after Brexit minister hints at EU market access

News by Allie Longford on 07:45 EST December 01, 2016
The British pound spiked up on Thursday above 1.26 against the US dollar setting a 3 weeks high as UK's Brexit minister David Davis said Britain would consider making payments to the EU budget in return for access to EU markets.

Pound sharply up on May key speech

News by Allie Longford on 10:13 EST November 21, 2016
The pound trades above 1.25 against the US dollar on Monday, up by almost 200 pips since the beginning of the forex trading week in Asia.

Strong retail sales in the UK

News by Allie Longford on 07:21 EST November 17, 2016
Very strong retail sales in the UK for the month of October surprised investors this morning as the Office for National Statistics released its latest data.

UK manufacturing PMI misses expectations while import costs rise

News by Newsroom on 06:15 EST November 01, 2016
The Markit/CIPS UK manufacturing purchasing managers index fell to 54.3 from 55.5 in September, marginally missing expectations of 54.4. Still, it remained well above its long term average of 51.5 and the 50 threshold signalling continuing expansion.

The good news from the UK continue as CBI number best in a year

News by Allie Longford on 07:30 EST Octuber 27, 2016
After a surprisingly better than expected GDP for the last quarter announced just this morning by the ONS it is now time for the latest CBI retail sales survey to shine.

UK grows faster than expected

News by Allie Longford on 04:50 EST Octuber 27, 2016
Brexit was good.

Stagnant UK retail sales

News by Newsroom on 06:51 EST Octuber 20, 2016
UK retail sales did not grow in September compared to the prior month latest ONS figures released on Thursday show.

No drama, UK unemployment rate remains steady after Brexit vote

News by Allie Longford on 04:45 EST Octuber 19, 2016
Britain's unemployment rate remains at 4.9% in the three months to August according to the latest ONS figures released on Wednesday.

Inflation remains subdued in Britain despite the pound collapse

News by Newsroom on 05:02 EST Octuber 18, 2016
The UK consumer price index jumped to 1% in September, marginally higher than analysts expected by one tenth of a percentage.

Stocks in melt down and dollar roaring on Tuesday

News by Allie Longford on 15:39 EST Octuber 11, 2016
... and, of course, the weak man award in the group of main currencies goes to the pound that got dumped all day long and ends trading at 1.21 against the dollar.

Retail traders ready to dance with the ugliest in the party

News by Allie Longford on 07:33 EST Octuber 10, 2016
The week starts calm in the forex market.

CHART - Pound crashes to below 1.20

News by Newsroom on 00:27 EST Octuber 07, 2016
The pound has collapsed in the early hours during the Asian trading session this Friday.

Sterling down to 31 year low on EBC taper talk

News by Newsroom on 08:43 EST Octuber 05, 2016
The prospect of the European Central Bank winding down its bond-buying stimulus programme is worrying investors on Wednesday, driving stocks lower in Europe and Asia while pushing up government bond yields.

Annual house price growth softened in September

News by Newsroom on 02:13 EST September 30, 2016
House prices in the UK increased by 0.3% in the month of September Nationwide Building Society said on Friday morning.

Draghi says UK shouldn't get any favors in Brexit deal

News by Newsroom on 16:09 EST September 26, 2016
Mario Draghi said the UK shouldn't be granted any special favours on access to the single market during negotiations over its exit from the European Union.

UK house prices spiked in September

News by Newsroom on 03:39 EST September 19, 2016
The average asking price for a house in Britain rose by 0.7 percent in September, the leading property website Rightmove said on Monday.

Pound sharply down as inflation remains weak

News by Newsroom on 06:16 EST September 13, 2016
The average cost of goods and services in the UK went up by a mere 0.6% in the year to August.

Strongest and weakest currencies this week

News by Newsroom on 06:42 EST August 22, 2016
Price action for most assets over the past 7 trading days has been against the long term trend.

Bank of England lowers interest rate to historic low

News by Newsroom on 07:00 EST August 04, 2016
The Bank of England dropped its key interest rate by a quarter down to 0.25% on Thursday.

A short squeeze may be on the cards as GBPUSD is most shorted in decades

News by Allie Longford on 13:39 EST August 01, 2016
Short positions outnumbered bullish bets by 80,572 contracts last week, according to the latest U.S. Commodity Futures Trading Commission data, making this the largest collective bet on the pound to fall against the dollar in decades.

Pound spikes and FTSE 100 turns negative as Bank of England leaves interest rates unchanged

News by Newsroom on 07:20 EST July 14, 2016
The Bank of England has surprised financial markets on Thursday by keeping interest rates on hold in July, as officials were split over unleashing further stimulus to boost the economy following the Brexit vote.

Pound rallies as May Prepares to become the new Prime Minister

News by Newsroom on 01:05 EST July 13, 2016
The pound rallied on Tuesday as Home Secretary Theresa May prepares to become the UK next prime minister, removing one layer of political uncertainty.

...and the snowball gets rolling, two other investment funds lock in their clients money

News by Allie Longford on 12:40 EST July 05, 2016
We reported yesterday on the UK based investment firm Standard Life removing participant clients of its real estate fund access to withdrawals for at least 28 days and the similarity of the event to Northern Rock bank run in 2007/2008 just ahead of the financial crisis.


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