GBP: Consumer price inflation beats expectations

Tuesday was a relatively positive day for the UK, with unemployment growth staying relatively steady and unemployment claimants below expectations. However, unpredicted optimism in the eurozone meant the pound did still lose ground against the single currency. This...


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USD: Dollar down as oil prices hit historic low

The US dollar has fallen against the pound this morning after oil prices dropped to a historic low. The Chicago Federal National Activity Index has also downward pressure on the greenback amid a drop to its lowest level in eleven years, reversing last month’s gains....


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Dollar down against pound as oil prices plummet

The dollar is down against the pound this morning, after a historic drop in US oil prices, with prices turning negative for the first time in history. While a drop had been expected, it had not been forecast to be so extreme. Meanwhile, yesterday was a choppy day for...


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