Initial figures showed that the UK’s economy grew at a faster pace in Q3 than anticipated, which sent the pound higher as investors anticipated that this could make a BoE rate hike more likely next week. The economy grew 0.4%, up from 0.3% in Q2. Ste… Read more

The pound fell across the board yesterday as it corrected gains made heading into the start of the week and as pressures came back into focus in light of a quiet calendar day, namely slightly greater rate hike uncertainties and ongoing political risk… Read more

Market movement was relatively limited with little major on the calendar ahead of key GDP figures and the ECB meeting later this week. The dollar temporarily reclaimed ground against the pound and the euro as it continued to gain on tax reform specul… Read more

Sterling rallied on Friday after seeing pressure for much of the week as traders took profit and as EU leaders said that while not enough progress had yet been made to undertake formal trade negotiations, informal preparations could begin. Markets vi… Read more

The pound edged lower yesterday across the board as Retail Sales growth in Q3 slowed to a four-year low. Sales were down 0.8% from August to September. Sterling retreated to one-week lows against the euro and the dollar. The dollar gained after the S… Read more

The pound fluctuated as wage growth picked up more than expected but real wages fell because of higher inflation. Sterling-euro ended the day below 1.1200. Euro-dollar edged higher over the course of the day, breaking back above 1.1800, while sterlin… Read more

The pound reversed gains made ahead of the inflation release after data underwhelmed and comments from BoE Governor Carney and other MPC members in testimony and hearings before the Treasury Select Committee were less hawkish than anticipated by some… Read more

Sterling-euro largely held above 1.1200. Cable again tested 1.3300. The pound then fell around half a cent on reports that Brexit talks could collapse, which saw sterling down across the board. The dollar made slight gains on the back of an above-for… Read more

A mixed day for sterling saw initial weakness in the morning with comments from EU chief negotiator Michel Barnier suggesting that there had not been enough progress on Brexit talks, preventing them from progressing to trade talks. This news saw GBP … Read more

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