UK Economy

Pound Has Been Under Pressure GBP has been under increasing pressure over recent months as the uncertainty around the Brexit outlook increases. This uncertainty is being driven by the Conservative party leadership contest which is… Read More

This week is going to be important for the pound on an economic front. While the headlines continue to focus on the Tory leadership contest and what that means for Brexit, we can't forget about key economic data. The first of the three… Read More

After a couple of quiet days on the economic front, the UK has a raft of data coming up tomorrow. In terms of which are likely to move the markets, it's a toss-up between monthly GDP and Manufacturing Production data. While the market is… Read More

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