The big mover of the day was the pound after some better than expected labour market data and a surprise change in stance from one of the Bank of England’s most noted doves. Adam Posen’s shift towards the majority (i.e., the fence) from voting for more stimuli at the March Read More The UK Defies [...]
Posted in FX News | Tagged defies, odds, the, uk
U.K. consume prices halted its drop over the previous six month, raising concerns of inflationary pressure. Consumer Price Index (CPI) for the year ended March unexpectedly soared for the first time in six months to 3.5% from the lowest in 15 months of 3.4% in February, where prices halted its Read More UK Consumer Prices [...]
Posted in FX News | Tagged consumer, inflationary, pressure, prices, renew, rise, uk, unexpected, woes
The British economy will stall this year and will not fully recover until UK businesses stop “stashing the cash” and start investing again, leading economists have warned. Read More No UK recovery until companies stop stashing the cash
Posted in FX News | Tagged cash, companies, no, recovery, stashing, stop, the, uk, until
British factory gate inflation eased to a two-year low in March, official data showed on Friday, supporting hopes that price pressures are falling back as the Bank of England predicts. Read More UK factory gate inflation eases to twoyear low
Posted in FX News | Tagged eases, factory, gate, inflation, low, to, twoyear, uk
Risk aversion remains intact today, and that is weighing on the UK pound. Concerns about global economic growth are still plaguing the markets, and that means that the UK pound is struggling. Right now, the pound is down against the US dollar and the euro. (…)Read the rest of Risk Aversion Weighs on the UK Pound (134 words) Posted on Forex News. Read More Risk [...]
Posted in FX News | Tagged aversion, on, pound, risk, the, uk, weighs
UK pound is higher today, gaining as things take a turn toward the positive. The news that stimulus is unlikely to come in the eurozone is helping the pound against the euro, and disappointing news in the United States is helping the pound against the US dollar. (…)Read the rest of UK Pound Takes the Upper Hand (138 words) Posted on Forex News. Read More UK Pound Takes the [...]
Posted in FX News | Tagged hand, pound, takes, the, uk, upper
It was definitely a Good Friday for Tim Jardine. As the long Easter weekend began, the general manager of Russells Patio and Garden Centre was cheered to see his shop brimming with customers. Read More US might be rocky, but UK is showing green shoots
Posted in FX News | Tagged be, but, green, is, might, rocky, shoots, showing, uk, us
UK house prices jumped 2.2pc in March driven by first-time buyers taking advantage of a stamp duty holiday before it ended, but the Halifax expects “little overall movement in prices this year”. Read More UK house prices jump 22pc in March Halifax
Posted in FX News | Tagged 22pc, halifax, house, in, jump, march, prices, uk
Top stories: house prices, Eurozone, Shanks’ update and BSkyB. Read More Business Bullet on UK house prices, Spains painful cuts, Shanks update and BSkyB
Posted in FX News | Tagged and, bskyb, bullet, business, cuts, house, on, painful, prices, shanks, spains, uk, update
Britain’s dominant services sector has posted its strongest quarterly growth almost two years, completing a triple boon for the economy that suggests the UK managed to avoid a double-dip recession. Read More Fears of doubledip recession unfounded as UK services sector posts robust growth
Posted in FX News | Tagged as, doubledip, fears, growth, of, posts, recession, robust, sector, services, uk, unfounded
