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Business articles

Unexpected UK wage growth buoys pound

The pound found fresh support on the back of July’s UK labour market report, which showed a better-than-expected increase in average weekly earnings.

0.3% monthly UK growth fuels pound rally

An unexpectedly strong UK gross domestic product report helped push the pound to fresh multi-week highs yesterday.

Pound extends gains as MPs reject calls for ...

Comments from Bank of England (BoE) Governor Mark Carney helped to boost the pound yesterday.

Loss of Conservative parliamentary majority ...

After the Conservative government dramatically lost its working majority in parliament the pound was able to recover most of yesterday’s losses.

Election bets send pound tumbling

The pound tumbled on Monday as markets braced themselves for a pivotal week in UK politics. Sterling also suffered as the latest Markit PMI report rev

Pound recovers ground, mortgage approvals leap

An unexpectedly strong increase in UK mortgage approvals helped fuel the pound’s recovery ahead of the weekend.

Weakening German inflation dents euro, ECB ...

A sense of political anxiety continued weighing on the pound even as Labour leader Jeremy Corbyn pledged to ‘politically stop’ Boris Johnson’s plan to