US dollar slides as US jobless claims hit 26 million
Worries over the outlook of the UK economy picked up yesterday thanks to an unprecedented decline in April’s services PMI.
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Worries over the outlook of the UK economy picked up yesterday thanks to an unprecedented decline in April’s services PMI.
The pound tumbled during yesterday's trading session after BoE chief economist Andy Haldane warned the UK economy faces a modest contraction in the fi
The pound crept higher at the end of last week on suggestions that the UK currency remains undervalued following its sell-off last month.
Concerns over the UK’s coronavirus outbreak limited the appeal of the pound yesterday, with GBP investors worried that cases are being significantly u
The pound pushed to its highest levels in over a month on Tuesday, extending gains from before the Easter weekend.
Support for the pound weakened yesterday in the wake of a sharp decline in the GfK consumer confidence index.
A downward revision to the finalised UK services PMI for March left the pound on a weaker footing heading into the weekend.