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Business articles

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

Parliamentary suspension drags pound lower

The pound fell sharply out of favour as Boris Johnson moved to suspend Parliament for five weeks.

Pound steady, US confidence data could weaken ...

Brexit speculation drove pound volatility last week, with hopes of a potential breakthrough sending Sterling higher.

GBP jumps, USD supported by rate speculation

The US dollar was boosted as two members of the Federal Open Market Committee (FOMC) pushed back against the idea of another interest rate cut.

GBP could extend losses if retail sales ...

Demand for the pound diminished after July’s UK public sector net borrowing figure missed forecasts with a narrowed budget surplus.