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Business articles

Pound rallies on unexpected UK manufacturing growth

February’s flash UK manufacturing PMI surprised investors by delivering a solid uptick from 50 to 51.9, avoiding the expected drop into contraction te

Pound resumes slide in spite of retail sales ...

January’s sharp monthly rebound in UK retail sales was not enough to keep the pound from coming under fresh pressure yesterday.

Pound stumbles but UK inflation hits ...

Support for the pound weakened yesterday even though the headline UK consumer price index picked up further than forecast.

GBP refreshes 2020 high

Sterling reversed its losses on Tuesday after new UK Chancellor Rishi Sunak said he would unveil the annual budget on 11 March as previously planned.

Pound falters despite UK household optimism ...

An unexpectedly sharp bounce in the latest IHS Markit household finance index was not enough to prevent the pound from shedding ground yesterday.

German growth worries spark euro selloff

Germany’s fourth quarter gross domestic product report proved disappointing, weighing the euro down on Friday.

Pound surges after Javid resignation

Demand for the pound rose sharply on Thursday after the surprise resignation of Chancellor of the Exchequer Sajid Javid.