The British pound broke above the 1.2700 barrier against the US dollar and traded around 1.2735 in Asian trading on Thursday, with the uptick bolstered by a weaker USD and encouraging news
The GBPUSD pair held below the 1.2700 mark during early Asian session on Wednesday, trading near 1.2695 and losing 0.08% on the day, with the downtick backed by the renewed US Dollar
By Naeem Aslam Investors are taking a cautious approach when it comes to taking risks. This week’s economic data hasn’t been so supportive of their investment thesis, and hence they are
By Craig Erlam The UK fell into recession in the second half of last year after GDP figures for the fourth quarter showed a steeper contraction than expected. While a recession was
By Craig Erlam The UK continues to make progress toward cutting interest rates, but as has been the case throughout the last couple of years, the process is far from straightforward. The
The Bank of England’s Monetary Policy Committee (MPC) decided on Thursday to keep interest rates at 5.25%, unchanged for the fourth consecutive time, with a leading asset manager saying this showed the
By Craig Erlam UK retail sales fell sharply in December as consumers tightened their purse strings during what is normally a hugely important time of year for retailers. Any sense of optimism
By Craig Erlam Labour market figures Tuesday morning kicked off a big week of economic data for the UK in a promising way, with wage growth a particular highlight from the report.
By Craig Erlam The Bank of England may be much closer to cutting interest rates than it admitted last week, when three policymakers thought it still appropriate to hike again. Inflation data
By Craig Erlam Not the most thrilling start to the week, but that’s to be expected given the number of major events over the last few sessions and the absence of anything
