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Business articles

GBP refreshes 2020 high

By Philip McHugh on February 19, 2020

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 ...

By Philip McHugh on February 18, 2020

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

Will UK growth data weaken pound?

By Philip McHugh on February 10, 2020

The pound made some fleeting gains on Friday, firming through most of the day before falling sharply at the end of the European session after US vice-

Will the pound tumble after BoE rate ...

By Philip McHugh on January 30, 2020

An increasing sense of anxiety over Brexit and upcoming trade negotiations between the UK and EU kept the pound on a weaker footing yesterday.

Pound hits monthly highs

By Philip McHugh on January 23, 2020

An unexpected surge in the first quarter CBI business optimism index helped GBP exchange rates gain across the board yesterday.

Shock UK retail sales slump dents pound

By Philip McHugh on January 20, 2020

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?

By Philip McHugh on January 17, 2020

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