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The pound has weakened against the dollar and other currencies following the release of the UK Gross domestic product for Q3 on 15 November. GDP for the period July to September showed growth of only 0.1%, significantly lower than the 0.5% figure in...

The pound has weakened against the dollar and other currencies following the release of the UK Gross domestic product for Q3 on 15 November. GDP for the period July to September showed growth of only 0.1%, significantly lower than the 0.5% figure in...

The pound has started this week on the front foot as it trades just shy of 2-month highs. Concerns have somewhat abated about the impact on the British economy of US President Donald Trump’s tariffs and Sterling’s strength follows...

The trend towards low volatility continued in the currency markets last week as we saw one of the lowest weeks of market movement for G10 pairings so far this year. GBP/EUR remained at rangebound levels slightly above 1.17, and GBP/USD also stayed within its current position, fluctuating between...

Last week was quiet regarding UK data releases, but with the Bank of England scheduled to meet on Thursday, this week could see more movement in the pound. Markets expect the Bank of England to follow the Federal Reserve and hold rates when they meet on Thursday, May 9th. They anticipate only a...

The pound saw some corrections in value at the end of last week after Friday's UK retail sales showed weaker-than-expected spending for June. Sales volumes dropped by 1.2% versus the anticipated -0.6%, with the cooler, wetter weather...

The release of the UK's latest PMI data last week seems to have continued to benefit the pound today, despite comments from Keir Starmer this morning that the government's first budget in October is "going to be painful". This followed last week's higher-than-expected UK government borrowing for July, which stoked fears that Chancellor Rachel Reeves may need to...

GBP continues to maintain its strength following the recent surge compared to other major currencies, most notably USD and EUR. With the US dollar under intense pressure due to upcoming interest rate cuts in mid-September, the pound has been the currency of choice for many investors. Prime Minister Keir Starmer's meeting with German Chancellor Olaf Scholz last week signalled the new...

It’s another quiet week on the UK data front, but that hasn’t stopped the pound from coming under pressure. Since President Trump’s surprise tariff announcement last week, markets have shifted into risk-off mode, favouring safer assets and putting the pound...