Browsing Tag

UK Economy

Orbex Market Flash

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

Orbex Market Flash

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

Orbex Market Flash

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

Orbex Market Flash

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

Orbex Market Flash

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

Orbex Market Flash

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