It’s another quiet week on the UK data front, but that hasn’t stopped the pound from coming under pressure. Since President Trump’s surprise tariff announcement last week, markets have shifted into risk-off mode, favouring safer assets and putting the pound...

Last Wednesday’s UK inflation report showed that inflation has slipped below the Bank of England’s 2% target for the first time in three and a half years. Core inflation also fell below the forecast 3.4% to 3.2%, while service inflation decreased from...

Following the UK general election in July, the first Labour budget since 2010 has been highly anticipated. Despite the press attention, speculation around many of the budget's outcomes has already begun, so the FX market reaction may...

The pound has weakened against the dollar and other currencies following the release of the UK Gross domestic product for Q3 on 15 November. GDP for the period July to September showed growth of only 0.1%, significantly lower than the 0.5% figure in...

The pound has weakened against the dollar and other currencies following the release of the UK Gross domestic product for Q3 on 15 November. GDP for the period July to September showed growth of only 0.1%, significantly lower than the 0.5% figure in...

In its October 2024 Economic and fiscal outlook, the Office for Budget Responsibility's (OBR) GDP growth forecast was 1.1% in 2024 and 2.0% in 2025. By contrast, the Treasury's November 2024 survey of independent forecasts showed an average forecast of 0.9% for...

Sterling fell to its lowest level against the Dollar since November 2023 last week as investors' concerns over the UK inflation outlook and increasing government debt led to a selloff in the UK gilt market. The 30-year rates reached highs last seen in 1998, whilst 10-year yields rose to the highest level since...

Last Tuesday, the number of new claimants in December 2024 rose by only 700, compared to the forecast of over 10,000. This positive surprise indicated a stronger-than-anticipated labour market in the UK. However, employment levels still decreased for a...

The currency and stock markets have seen considerable volatility at the market open today following US President Donald Trump's weekend announcement of a string of import tariffs to Canada, Mexico, and China, with a clear statement that Europe will be next.

The pound has started this week on the front foot as it trades just shy of 2-month highs. Concerns have somewhat abated about the impact on the British economy of US President Donald Trump’s tariffs and Sterling’s strength follows...