News

Pound set for a good week, particularly against the Euro

Sterling has clawed some ground back this week and looks set for its biggest weekly gain in a couple of months. This follows on from some resilient UK economic data releases this week, including better-than-expected earnings, retail sales, and inflation figures....

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Pound slips as UK economic growth slides

Sterling has just dipped after official data showed that Britain’s economy shrank in the second quarter of this year. The growth data (GDP) came in worse than expected at -0.2% versus forecasts for a flat reading. This data increases fears that the UK could be heading...

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Boris wins Tory leadership election

After winning roughly two thirds of the Tory memberships’ vote, Boris Johnson has just been announced as the new Tory leader and will officially become prime minister tomorrow. This was widely expected and the market will now be looking at how many more ministerial...

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Dollar weakens following cautious Fed

The Dollar has weakened overnight following the latest Federal Reserve interest rate-setting meeting. Policymakers kept interest rates on hold but warned that more stimulus was needed to help boost growth. Analysts now expect a rate cut in the US to follow next month...

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Pound struggles as Boris gets further support

Sterling has continued to push lower as fervent Brexiteer Boris Johnson continues to gather support in his bid to become the new PM. The first poll saw him take a huge share of the Tory MP votes and since then three out of the four candidates that have dropped out of...

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Theresa May to step down on 7th June

Theresa May is to step down as leader of the conservative party on the 7th June but will remain caretaker PM whilst a leadership contest decides who will take over her role. Her resignation has been widely anticipated in the markets as she’s come under extreme...

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