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UK News Heads turn to the Bank of England rate decision today at 12 and is unlikely that there will be a change in policy. From the recent UK data we have seen, this comes to no surprise. UK retail sales are expected to rise 0.5% following on from the 1.3% increase back in April. …
Continue reading “Markets fall as banks call for further margins on positions”
GBP News A quiet start to the week across the board in terms of economic data, although picks up rather quickly in tomorrow’s UK CPI and US retail sales data. This morning, the pound has fallen by around one pc against both the euro and the US Dollar. Tomorrow’s Consumer Price Index in the UK is …
UK News Another quiet day in the UK today with only the Trade Balance figures scheduled to be released. A slight increased is expected to be seen and hopefully the pound will rise slightly across the board after the fall this morning, on the back of no UK data. The weight of the referendum is beginning …
Continue reading “UK referendum continues to hold the pound hostage”
UK News In the UK this morning, Aprils industrial production figures, along with the external trade and construction out put data later on in the week, will provide us with the first of the hard data outlook for Q2. It looks as if there could be a slight drop in the growth due to the …
Continue reading “Markets settle after ‘fat fingers’ mistake”
UK News In the early hours of this morning in the UK, the pound gained as much as 1.5% against the US dollar within seconds. A trader is blaming his ‘fat fingers’ for the mistyping of a transaction that saw hundreds of market orders automatically fill. The pounds gain was only short lived as it quickly moved …
Continue reading “‘Fat Fingers’ sees the pound gain 1.5% against the US Dollar”
UK News In the UK this weekend a poll has changed the views on the UK referendum and it now looks just as likely that we are going to leave the EU as it does that we are going to stay. A near 4% sway in the votes from this time last week has left the …
Continue reading “‘Brexit’ looking more likely than ever before!”