Unemployment Rises, Wages FallThe British Pound is pushing lower this morning on the back of the latest UK labour market data released today. The unemployment rate was seen unexpectedly jumping to...
FTSE Sinking Following Hawkish BOE Inflation Outlook
Hawkish BOE ForecastsThe FTSE is moving sharply lower through early European trading on Friday, despite the Bank of England cutting rates by a further .25% yesterday. While the BOE cut rates from 5%...
GBPUSD Heavily Sold - BOE On Watch Tomorrow
USD Rallying Hurts PoundGBPUSD is down sharply today as Trump-driven USD strength, dovish BOE expectations and a drop in the UK construction PMI weigh on sentiment. The AP has called the results of...
GBPUSD This Week: BOE, Fed & US Elections
BOE on WatchAlongside the US elections and the FOMC, we also have the November BOE meeting on Thursday to focus on. The bank is widely expected to push ahead with a further .25% rate cut. Given that...
Pound Pulls Lower on Weak UK Data
UK PMIs Drop AgainGBPUSD is pulling back from earlier highs on the session as traders digest the latest UK economic data released this morning. Both the factory and non-factory sector PMIs came in...
Better UK Retail Data Boosts GBPUSD
UK Retail Sales JumpThe Pound is trading a little higher today on the back of an upside surprise in the latest UK economic data. Retail sales were seen at 0.3% last month, much higher than the -0.4%...
UK Inflation On Watch After Wages Drop
UK Labour Market DataThe British Pound is trading higher today on the back of the latest UK labour market figures released this morning. The unemployment rate was seen falling to its lowest level...
Pound Pushing Higher on Better Growth
GDP Jumps in AugustGBP is rallying today on the back of better growth data released this morning. GDP was seen rising 0.2% in August, up from 0% prior. The rise was linked to a positive month for...
Pound Plunges on Dovish BOE Comments
Bailey Sends Pound DownThe British Pound has come under heavy selling pressure on Thursday following dovish comments from BOE governor Bailey. In an interview published in UK newspaper The Guardia,...
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