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 reaches monthly highs as MPs work to ...
Political developments set to drive further pound volatility
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.