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Business articles

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.

Dovish BoE sends pound to fresh lows

GBP exchange rates extended their downtrend on the back of the Bank of England’s (BoE) December policy announcement, even though interest rates remain

Three-year low UK inflation extends pound ...

Demand for the pound continued to weaken yesterday as November’s UK consumer price index held steady at a three-year low of 1.5%.

Profit-taking sends GBP away from best levels ...

After soaring in response to the Conservative’s decisive election victory the pound quickly began shedding ground through Friday’s session.