UK Economy

Tomorrow we get the first major economic data release out of the UK for the week. Thanks to Brexit,  the underlying economic performance and what moves the currency doesn't get as much coverage as it deserves. One of the main indicators… Read More

Britain's economic growth slowed sharply in the fourth quarter of 2018. The yearly growth was the slowest in six years, as Brexit worries and global trade tensions dampened activity. Data showed that the nation’s GDP increased just by… Read More

Employment Rises Despite the ongoing chaos and uncertainty around Brexit, UK labour market conditions remained firm. The latest data, covering the three months to December 2018, showed that the number of people in employment surged by… Read More

The first BOE meeting of the year was a decidedly dovish affair with the BOE keeping rates on hold, as expected. It did, however, sharply revise growth lower amidst ongoing Brexit uncertainty. In one of the largest revisions to… Read More

The Bank of England is in an incredibly frustrating situation. Although it has stated its desire to continue its path of policy tightening, it finds itself being held hostage by the ongoing Brexit negotiations. Until it knows the outcome of… Read More

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