Browsing Tag

UK Economy

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

Orbex Market Flash

Wage Growth Rebounds After dipping down to 2.4% in the three months to June, UK wage growth rebounded over the three months to July printing 2.6% (520 GBP per week) and beating expectations of a 2.5% reading. The ex-bonus reading wasRead More

FX Week Ahead

The week ahead starts off on a busy note with China's inflation figures due to come out for August. It is also a busy week for the British pound which will see the release of the monthly jobs report alongside the newly started monthly GDP… Read More