Pound News: UK Job Market Report Leads to Pound Rebound The Pound finally found some solid support yesterday, as UK job market data beat expectations. However, as Bank of England (BoE) interest rate cut bets persist the Pound’s potential for gains was limited. Today’s UK data will be less significant. The CBI’s factory and retail…(read more)

Pound News: Fresh Hard Brexit Jitters Give Sterling a Knock Investors are hesitant to move too much on the Pound amid anticipation of this week’s UK data and next week’s Bank of England (BoE) policy decision. However, weekend comments from UK Chancellor Sajid Javid pressured Sterling yesterday, as they worsened hard Brexit concerns. UK job…(read more)

Pound News: Bank of England (BoE) Interest Rate Cut Bets Continue to Rise Yesterday saw the publication of another disappointing UK dataset. Britain’s December inflation rate fell to a stagnant 0.0%, and the worse than expected price pressures led to further Bank of England (BoE) interest rate cut bets and a weaker Pound. Sterling could…(read more)

Pound News: Sterling Steadies Ahead of Key UK Inflation Results Following Monday’s Pound plunge, the British currency saw steadier movement yesterday. News that Scotland may not be able to hold a second independence referendum boosted perceived political stability, which helped Sterling to climb away from lows. Today’s UK inflation rate results will be closely watched….(read more)

Pound News: Brexit Hopes Not Enough to Keep Sterling Gaining After a bullish performance on Monday, Sterling was more mixed yesterday. Pound investors turned attention back to Brexit amid hopes that UK Parliament would smoothly pass the government’s Brexit plans, but concerns about a 2020 of uncertain UK-EU Brexit negotiations persist and pressure Sterling. This…(read more)

Pound News: UK Services Report Surprises Yesterday saw the publication of Britain’s final December services PMI, which beat projections of a contraction and printed at 50.0. The data was a nice surprise and gave Sterling a boost. No notable UK data will be published today, leaving the Pound to react to potential developments in Brexit…(read more)

Pound News: Brexit and Manufacturing Jitters Keep Pound under Pressure The Pound was unable to hold the gains seen earlier in the week as markets refocused on UK economic uncertainty yesterday. Sterling tumbled amid weaker than expected UK manufacturing stats and anxiety ahead of the formal Brexit date at the end of this month. Britain’s…(read more)

Pound News: Surprise Rise in UK Mortgages Boosts Sterling The Pound attempted another modest rebound yesterday. A surprise jump in UK finance mortgage approvals softened concerns that UK household activity had been severely hindered by political uncertainty towards the end of the year. No notable UK data will be published today, leaving Sterling to be…(read more)

Pound News: Sterling Rebounds from Week of Losses After plummeting for most of last week, the Pound saw a rebound in demand on Friday afternoon. Investors bought the British currency back from its cheapest levels, thanks partially to some stronger than expected UK growth data. Fears of Brexit uncertainty lasting through 2020 are likely to…(read more)

Pound News: Cautious Bank of England Extends Pound’s Tumble Revived hard Brexit fears have left the Pound tumbling this week, and yesterday’s Bank of England (BoE) news only left the British currency even weaker. Two policymakers once again voted to cut UK interest rates, and more analysts are speculating that Brexit uncertainty will pressure the…(read more)