UK Economy

A busy week for the British pound saw two significant reports coming out last week. The labor market report continued to leap to new highs. While the unemployment rate was steady, wages grew at a faster than expected pace. Meanwhile,… Read More

GBP was shunted lower over the European morning today as the latest UK inflation data was weaker than expected. The headline reading came in at 2.4% year on year over September, down from the prior rate of 2.7% in August and below the… Read More

GBP soared higher again today in response to the latest UK labor market data which showed UK wages growing at their fast pace in nine years while the unemployment rate remained at 43-year lows. The data, released by the Office for… Read More

11th Hour Talks Ahead of the EU summit deadline this week the UK’s Brexit secretary Dominic Raab headed to Brussels for important talks aimed at resolving the issue of the Irish border. However, talks reportedly failed to… Read More

The UK's economy was seen to have managed to keep its steady but soft pace of growth in the third quarter. Data from the IHS Markit covering the manufacturing, services and construction sectors showed. However, the uncertainty in the… Read More

Theresa May’s Brexit campaign is under yet further attack this week as the DUP ( the party with which the Conservative party forms a coalition government) has warned that it will not support May if she attempts to pass a deal which includes… Read More

UK GDP Growth Weaker Than Expected UK GDP growth was confirmed at 0.5% in the second half of 2018, marking its lowest semi-annual growth rate for seven years. According to the Office of National Statistics which release the data, the… Read More

The battered vehicle that is the ongoing Brexit negotiations took another blow this week as the EU rejected PM May’s Brexit plan, the so-called “chequers deal,” which proposes the UK and EU share a common rulebook for goods and services… Read More

GBP bulls received a further boost this week from solid inflation data released yesterday, fuelling a fresh spate of buying in the British Pound. The latest CPI inflation readings for August showed both headline and core inflation beating… Read More

BoE To Wait & See The upcoming BoE meeting this week has lost some importance following the bank’s last meeting in August at which the BoE raised rates by a further .25% (rates are now back above 0.5% for the first time in a decade)… Read More