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Business articles

Unexpected service sector decline fuels pound losses

GBP exchange rates tumbled ahead of the weekend thanks to a surprise contraction in November’s UK services PMI.

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.

Will the EU grant a Brexit extension?

The pound remained muted as MPs waited for the verdict of EU leaders on the matter of a fresh Brexit deadline extension.

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.

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.