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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

Will UK retail sales send Sterling higher?

News that credit conditions softened in the fourth quarter had little impact on the pound yesterday, with the deterioration offering little surprise t

Pound stumbles as surprise UK inflation dip ...

GBP exchange rates came under renewed pressure in the wake of December’s UK consumer price index, which missed market forecasts.

Pound braces for lacklustre UK inflation ...

As the initial impact of the recent dovish comments from Bank of England (BoE) policymakers faded this encouraged GBP exchange rates to recover some o

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 slides, USD pressured by payrolls data

The pound was struggling at the end of last week’s session following comments by the Bank of England’s (BoE) Silvana Tenreyro.

BoE interest rate cut speculation fuels pound ...

Demand for the pound dropped sharply in the wake of Bank of England (BoE) Governor Mark Carney’s comments on growth and inflation.