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real time forex news and technical analysis

Britain suffers an all time high in GDP contraction

News by Newsroom on 05:32 EST June 12, 2020

Britain’s economy has suffered the largest monthly contraction on record as the coronavirus sent vast swathes of the country into shutdown, new figures show.

British pound on free fall

News by Newsroom on 14:08 EST March 13, 2020
The pound trades at the end of the second week of March at 1.

Technical analysis - Sell the British pound on weakness

Tech analysis by Simon Kazinsky on 15:59 EST December 05, 2019
The British pound has been strong lately, managing to recover against the dollar from its double bottom around 1,20 made in the second part of August to comfortably above the 1,30 level it trades as we end the decade.

Bigger discounts from retailers boosted shopper demand for goods in October in the UK

News by Newsroom on 20:44 EST November 04, 2019

Retail sales were boosted in October as stores offered bigger discounts to tempt disengaged shoppers into making purchases, according to the BRC (British Retail Consortium)-KPMG retail sales monitor report released today.

[Technical analysis] The slippery road for the British pound

Tech analysis by Simon Kazinsky on 06:00 EST September 27, 2019
The pound has enjoyed a short term recovery but it is, by no means, out of the woods.

Guess what, a depreciating currency does not bring an increase in GDP as UK shows

News by Allie Longford on 10:03 EST August 01, 2019

The pound is hitting multi years lows against the world's main currencies yet the Bank of England just downgraded its forecast for UK growth.

British pound to fall below parity with US dollar

Tech analysis by Simon Kazinsky on 19:18 EST July 08, 2019
The pound remains one of the weakest currencies as the dollar index doesn't look back.

Forex brokers Plus 500 and CMC markets losing millions

News by Allie Longford on 09:13 EST April 13, 2019
Retail brokers are having a hard time after EU regulation put an end to the worst tactic used to separate amateur investors from their hard earned money.

Pound breaks lower as Brexit plan rejected by the UK parliament for3rd time. Hard Brexit looms.

News by Newsroom on 10:51 EST March 29, 2019
Theresa May's agreement with the EU has been rejected by Westminster on Friday afternoon for third time.

Pound through the floor as UK's GDP sinks into contraction

News by Newsroom on 04:37 EST February 11, 2019
The UK economy shrank in January by 0,4% according to data released by the ONS on Monday morning.

Nothing is able to lift the British pound

Tech analysis by Simon Kazinsky on 12:18 EST November 26, 2018
The pound remains in a solid downward spiral and not even good news appear to help.

The UK did not grow in September

News by Newsroom on 08:00 EST November 09, 2018

The UK GDP first estimate showed growth  at 0.

UK House price inflation slowest in 5 years

News by Newsroom on 05:12 EST November 07, 2018

According to a survey data from IHS Markit and Lloyds Banking Group PLC unit Halifax released on Wednesday on a month-on-month basis, house prices rose 0.

Pound steady after dissapointing retail sales

News by Newsroom on 06:38 EST Octuber 18, 2018

According to data published by the Office for National Statistics (ONS), UK retail sales growth contracted 0.

Pound unchanged as BoE leaves interest rate unchanged

News by Newsroom on 07:03 EST September 13, 2018
The pound trades just above 1.

What does a rotting currency do when its central bank announces the highest rate in a decade?

Tech analysis by Simon Kazinsky on 06:14 EST August 03, 2018
The Bank of England, dragged by decisions taken by other major central banks in recent months, rose its key interest rate to 0.

Bank of England raises rates above crisis lows

News by Newsroom on 09:05 EST August 02, 2018

The Bank of England pushed interest rates above their financial crisis lows on Thursday, but also signaled it was in no hurry to raise them further as uncertainty about Brexit prevails.

UK manufacturing PMI falls to three-month low

News by Newsroom on 05:18 EST August 01, 2018

The UK manufacturing sector grew at the slowest pace in three months in July, according to research firm IHS Markit latest report released on Wednesday.

British households are spending more than they earn for first time in 30 years

News by Newsroom on 10:36 EST July 30, 2018
Credit card lending has been growing faster than other loans for the past six months, with consumer credit and mortgage lending both rising in June, according to the latest figures from the Bank of England.

UK Manufacturing and Industrial Data Disappoint

News by Newsroom on 05:34 EST July 10, 2018

UK manufacturing production rose by 0.

Pound higher as political crisis in the UK leads to the resignation of Brexist minister

News by Newsroom on 08:15 EST July 09, 2018

The pound is testing 3 weeks highs against the US dollar on Monday morning currently trading at 1.

UK house prices remains flat in June

News by Newsroom on 04:07 EST July 06, 2018

House prices in the second quarter were 1,8% higher than the a year ago, a dash lower than the 1,9% growth seen in May, according to the latest data from Halifax.

GBP recovers as Services PMI makes a BoE interest rate rise more likely

News by Allie Longford on 19:43 EST July 05, 2018

The Pound was not weak as usual on Wednesday as markets digested the release of the UK’s latest Services PMI.

Opening the window and throwing bank notes onto the street appear a better investment idea

Tech analysis by Simon Kazinsky on 11:29 EST May 18, 2018
The dollar is strong against all major currencies.

British pound mini flash crash after weak inflation data

News by Newsroom on 04:51 EST April 18, 2018
Sterling dropped abruptly on Wednesday morning after data on UK inflation came in substantially below market estimates.

Pound slides after UK factory output drops in February for first time in almost a year

News by Newsroom on 05:44 EST April 11, 2018
British manufacturing output fell unexpectedly in February, its first drop in almost a year, according to official figures adding to the mounting evidence that the economy may have slowed in the first quarter.

Dismal retail sales in the UK over the Christmas period

News by Newsroom on 05:32 EST January 19, 2018
British shop sales were way worse than expected in December.

Chickens come home to roost. UK House prices falling sharply in December

News by Allie Longford on 08:06 EST January 08, 2018
Macro factors, Brexit and the UK government war on the private rental sector start to take a toll on UK house prices.

Pound dips despite UK manufacturing at its best in four years

News by Newsroom on 06:06 EST December 01, 2017
The UK's manufacturing sector rose by most in four years in November according to the IHS Markit's purchasing managers' index (PMI) for the manufacturing sector jumped to 58.

British banks can endure shocks BoE says (despite half of them being on government support)

News by Allie Longford on 05:33 EST November 28, 2017
Britain's largest banks can withstand a series of economic shocks, including a no-deal Brexit scneario, the Bank of England said Tuesday.