Pound comes under pressure as UK political uncertainty persists Political volatility in the UK prompted sharp movement for the pound over the course of the last week as Theresa May saw off a leadership challenge, securing her position for another twelve months. While the European Central Bank (ECB) followed through on plans to end its [...]

After two months of stagnation the UK gross domestic product picked up to just 0.1% in October, limiting the appeal of the pound as concerns over the economic outlook persist. The Eurozone economy continued to show signs of weakening, meanwhile, as November’s raft of manufacturing and services PMIs pointed towards another month of easing growth. [...]

In a fresh blow for the euro November’s Eurozone consumer price index slowed from 2.2% to 2.0%, falling back in line with the European Central Bank’s (ECB) inflation target. This easing in inflationary pressure gives ECB policymakers less incentive to consider raising interest rates from their current lows, keeping the central bank in a state [...]