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Business articles

Brexit concerns and shop price disappointment drag ...

February’s British Retail Consortium shop price index fell short of forecast, showing a deterioration of -0.6% on the year rather than the -0.2% expec

Shock manufacturing miss undermines US dollar

The pound found a rallying point yesterday as February’s CBI reported retail sales index picked up from 0 to 1.

Pound rallies on unexpected UK manufacturing ...

February’s flash UK manufacturing PMI surprised investors by delivering a solid uptick from 50 to 51.9, avoiding the expected drop into contraction te

Pound falters despite UK household optimism ...

An unexpectedly sharp bounce in the latest IHS Markit household finance index was not enough to prevent the pound from shedding ground yesterday.

Stagnating UK growth fails to drive down pound

News that the UK economy stagnated in the fourth quarter was not enough to drive the pound lower against many of its rivals yesterday.

Pound firm, euro struggling, US dollar gains

The pound firmed on Friday as the UK released some better-than-forecast manufacturing and services PMIs. The results led to the UK composite PMI advan

Pound supported by UK services data

Support for the pound picked up at the start of the week after a surprise positive revision to the UK services PMI.