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Business articles

Shock UK retail sales slump dents pound

A surprise decline in UK retail sales weighed heavily on the pound ahead of the weekend as the odds of an imminent Bank of England (BoE) interest rate

Pound slumps thanks to surge in BoE interest ...

A surprise -0.3% monthly UK growth contraction saw the pound fall sharply out of favour at the start of the week.

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.

Brexit speculation weighs on GBP

At the start of the week, the US dollar was able to rise to a three-week high against a Brexit-battered Pound as trade optimism increased. Beijing ann

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%.

Pound drops as cliff-edge Brexit fears surge

Support for the pound collapsed yesterday as the Conservatives moved to rule out the possibility of any further extension of the current Brexit deadli