Pound pressured as Labour close the gap
The pound fell on Tuesday, relinquishing some of Monday’s gains amid rising fears the upcoming election could result in a hung parliament.
Unexpected service sector decline fuels pound ...
GBP exchange rates tumbled ahead of the weekend thanks to a surprise contraction in November’s UK services PMI.
Pound fluctuates ahead of UK services PMI
The pound recorded some short lived gains yesterday as polling data continued to favour the Conservative party in the upcoming election.
Easing political anxiety sends pound higher
Rising hopes that the UK could avoid a hung parliament helped to lift the pound at the start of the week.
Faltering UK retail sales weaken pound
The mood towards the pound soured in the wake of a disappointing set of UK retail sales figures.
Falling UK inflation inspires fresh pound ...
October’s UK consumer price index proved weaker than forecast yesterday, with the headline inflation rate dipping from 1.7% to 1.5% on the year.
Weaker UK inflation could trigger pound ...
A weaker-than-expected month of UK wage growth put a dampener on the pound yesterday, limiting the impact of an improved unemployment rate.