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Business articles

Factory orders decline weighs on US dollar

With the Bank of England (BoE) appearing less likely to cut interest rates imminently, in spite of cuts from other central banks, the mood towards the

Central banks in the spotlight, BoE comments ...

Comments from incoming Bank of England (BoE) Governor Andrew Bailey helped to dampen speculation that an emergency interest rate cut could be on the h

Pound weakened by sharp increase in odds of ...

The pound fell sharply out of favour yesterday as markets absorbed the nature of the UK government’s negotiating objectives for the next round of disc

Brexit concerns and shop price disappointment ...

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.