Today marks ten years to the day since Britain voted to leave the European Union, and there was perhaps no more fitting way to mark that anniversary than the news that Sir Keir Starmer had resigned as prime…
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It’s barely two years since the Number 10 lectern was used by Rishi Sunak to call a general election in the pouring rain. The weather could hardly be more different today, but it seems increasingly likely that the…
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The pound is the weakest of the major currencies this week, and while a rampant dollar is part of the story, the more telling part is closer to home. Sterling has slipped to its weakest in more than…
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The pound is having a rougher morning than the euro and a much rougher one than the dollar. It is soft across the board and weakest of all against the dollar, after its sharpest fall in months. The…
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The United Kingdom’s headline inflation rate unexpectedly remained unchanged at 2.8% in May, another signal that the economy may just have escaped the worst of the energy crisis. The pound dipped against a basket of its peers in…
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The United States and Iran are due to sign a deal to reopen the Strait of Hormuz and extend their fragile ceasefire before the week is out, news that fuelled a rally across the global economy on Monday.…
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At the risk of sounding like a cracked record, sterling starts the week against the euro pretty much where it has been for 11 months. However, it’s at the upper reaches of that narrow band, and 1% up…
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This morning’s news that the UK economy shrunk in April by 0.1% had been predicted by the market but will nevertheless have disappointed an already beleaguered Chancellor of the Exchequer after last month’s surprise expansion. Yesterday’s resignation by…
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