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Business articles

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.

Will the euro be driven lower by trade data?

Increasing anxiety over the prospect of a potential German recession kept the euro under pressure yesterday.

Surprise rise in UK inflation lifts pound

The pound trended higher across the board in the wake of yesterday’s UK consumer price index data, which saw the inflation rate strengthen from 2.0% t

Pound poised to extend gains if UK wage ...

The pound could continue yesterday’s recovery if June’s average weekly earnings figure accelerates as forecast.

UK GDP contraction drives pound to fresh lows

News that UK gross domestic product contracted -0.2% in the second quarter left the pound under pressure on Friday.

No-deal Brexit speculation weakens GBP

Pound exchange rates drifted lower again on Wednesday as Dominic Cummings, Boris Johnson’s most senior advisor, warned MPs that a vote of no confidenc

Pound recoups losses, USD pressured

The pound spent yesterday recouping its previous losses. Both the GBP/EUR and GBP/USD exchange rates marched higher on reports that PM Boris Johnson i