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UK unable to grow despite stimulus and a sinking pound

News by Allie Longford on 05:44 EST July 26, 2017
The latest GDP figures released on Wednesday by the ONS indicate the UK remains unable to grow in a significant manner.

UK Inflation at its highest in five years

News by Newsroom on 04:59 EST June 13, 2017
The UK consumer prices ticked up in May to an annualized 2.9% up 0.2% from April, the Office for National Statistics (ONS) revealed on Tuesday.

Pound could gain with hung parliament according to JPMorgan

News by Newsroom on 05:04 EST June 09, 2017
A hung parliament in the UK’s upcoming general election could prove good news for the pound if it leads to a centre-left coalition that pursues a “softer” Brexit, according to strategists at JPMorgan.

Pound falls sharply but UK shares rise after election night

News by Newsroom on 04:50 EST June 09, 2017
The pound has dropped overnight by 2% and trades at round $1.27, reflecting worries about continued political uncertainty.

British pound plummeting ahead of election results

News by Newsroom on 17:26 EST June 08, 2017
The pound loses more than 1% against the dollar after exit polls show conservative losing support and a possible hung parliament.

Upcoming key forex events, the UK takes center stage

News by Allie Longford on 02:28 EST June 05, 2017
The week starts with both the German and French markets closed on Monday, but it gets interesting towards the end of the week.

The pound breaks above its descending wedge

News by Simon Kazinsky on 09:22 EST March 09, 2017
After two weeks of continuous weakness the British currency gives some signs of strength and breaks the upper trendline of the descending wedge that has formed on the chart this month.

Pound getting crushed as Hammond delivers budget

News by Allie Longford on 07:49 EST March 08, 2017
Probably not as a consequence of what conservative Hammond is saying in the chamber, nothing new yet, but the pound is on its way to testing the 1.20 figure against the US dollar.

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.