GBP: Pound low due to weak PMI results

The two Conservative leadership candidates have made further promises ahead of voting for the new Prime Minister. Boris Johnson has pledged to recruit 20,000 police officers over two years if he becomes Prime Minister, whilst Jeremy Hunt has promised a free vote to...


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Poor economic results weaken pound

The pound is low this morning following some poor economic results, with composite PMI falling into contraction for the first time since 2016. Following on the back of a suggestion of a rate cut by Mark Carney yesterday, it’s not a positive start to the morning for...


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GBP: Pound weak ahead of Services PMI

The pound is weak this morning against both the euro and the dollar. This is partly because of ongoing concerns about a no-deal Brexit, as well as poor economic data and a gloomy speech from the Bank of England Governor, Mark Carney. Sterling weakened against the...


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