Consumer price inflation in the United Kingdom ticked up to 2.9% in July, piling more pressure on businesses and consumers beginning to feel the squeeze from the protracted energy crisis.
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Sterling was little changed against the euro to start the week but did manage to climb to its best level over the US dollar in around three months. This morning’s news that UK unemployment remained at 4.9% in…
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Sterling has recovered some of its mid-July energy against the euro, ending last week up a little and still clear (around 1%) of last year. The pound has also moved up to its best on the US dollar…
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Britain’s economy is proving harder to knock off course than some had feared. Despite the start of the Iran-USA conflict, Gross Domestic Product (GDP) grew by 0.4% in the second quarter of the year. Economic growth came from…
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The pound is holding up nicely. No surprise there. It is close to its best level in a month against the US dollar and steadier against the euro. But this morning’s story is not really about the pound…
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As the UK braces for its fifth heat wave of this long summer, currency markets have had a slow, sluggish start to the week. Sterling has settled in at around its best level in two weeks against the…
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The pound hit its best level in two weeks against the euro on Monday and its best in almost a month against the US dollar. Much of that could be explained by traders positioning themselves ahead of a…
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Apart from a positive performance against a US dollar with its own problems, sterling has been largely on the back foot the past month. The Burnham bounce has played itself out and the markets are reported to be…
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