GBP: Inflation up, hiring down

The Bank of England’s business survey didn’t exactly paint a rosy picture for the pound. After spring’s tax hikes, companies are looking ahead to the next budget with apprehension. Hiring is down and businesses are still raising prices – hardly a promising sign for...


read more

Pound falters on prospect of more gloomy data

Sterling heads into the weekend under a little bit of pressure, with more downbeat economic data sharpening minds ahead of the autumn budget (26 November). The pound weakened by about half a cent against the euro and by slightly more against the US dollar over the...


read more

USD: Job market contracts

The US government shutdown doesn’t appear to have had a significant impact on the dollar, as it was only down 0.15% on the pound and, in fact, up 0.25% on the euro. However, a job report showing a contraction in the US labour market did send the currency falling...


read more

EUR: Inflation on the rise

The euro slipped 0.3% on both the pound and dollar on Wednesday. After managing to reach its 2% inflation target, fresh data shows that prices are creeping up above target again. Though the 0.2% increase isn’t expected to lead to interest rate increases. EUR/USD past...


read more

GBP: Housing market growth

The pound was up 0.15% on the dollar and 0.25% on the euro on Wednesday, despite expectations of a productivity downgrade in tomorrow’s OBR report. However, the UK housing market did begin to grow again after August’s decline. GBP/USD past year 1 Min 5 Min 1 Hr 1 Day...


read more