Most people expected inflation to rise in April, but few predicted it would surge to 3.5%. A number of Bank of England members have urged caution in recent days, and this report will have done little to change…
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Sterling slipped against its peers on Wednesday after the release of April’s unexpectedly hot inflation report. By the end of the day, it had clawed back its losses to the euro and the US dollar as the sense…
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The UK government has been on a run of good news lately with trade deals signed with the US, India and the EU in the last week and last Thursday’s above expected GDP growth. However, this morning’s inflation…
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The dollar fell against a range of currencies on Tuesday, losing 0.6% against the pound and 0.8% against the euro. With Trump piling pressure on Republican lawmakers to extend and expand his tax cuts and the cost of…
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The euro had a strong day on Tuesday, gaining 0.2% on the pound and 0.6% on the dollar. Though, that climb may be due to hesitance of the UK inflation rate and uncertainty around the incoming US tax…
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Buoyed by trade agreements and last week’s GDP figures, sterling continued its climb on the dollar on Tuesday, gaining 0.5%, though it slowed slightly against the euro. However, the UK’s run of good news may be over, as…
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It was a strong day for the euro on Tuesday, with the currency climbing 0.2% on the pound and over 0.6% on the dollar. Sterling continues to gain on the dollar, up another 0.5% in yesterday’s trading, and…
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The dollar fell by 0.5% against both GBP and EUR on Monday as the market reacted to Friday’s credit rating downgrade. Moody’s assessment comes just as US President Donald Trump is trying to push through a tax-cutting budget,…
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