Signs of resilience from the UK services PMI failed to shore up the pound last week, with markets still concerned by the lack of clarity surrounding the UK’s future relationship with the EU. Sharp deteriorations in German and French industrial production put pressure on the euro, meanwhile, as confidence in the outlook of the Eurozone [...] Read more about: "Pound and euro struggle"
A weaker-than-expected UK consumer price index added to the odds of an imminent Bank of England (BoE) interest rate cut this week
Read more about: "UK inflation & Interest rate cut"
Increasing evidence of a fourth quarter UK economic slowdown left the pound under pressure, pushing it away from its New Year’s highs. Although December’s finalised services PMI saw a positive revision from 49.3 to 50.0 this failed to paint an encouraging picture of the economic outlook. With the service sector ending 2019 in a state [...] Read more about: "Pound under pressure"
UK election results. While markets anticipated a Conservative win this did not stop GBP exchange rates from rallying sharply.
Read more about: "Pound extends winning run thanks to election result"
As opinion polls continued to point towards a Conservative lead ahead of the upcoming election the pound stormed higher after Strong Conservative polling
Read more about: "Pound hits multi-month highs ahead of UK election"
GBP exchange rates have pushed higher again this morning, with investors’ sights firmly set on the upcoming UK Election Day
Read more about: "GBP holding gains, Election Day approaches"
The pound spent last week fluctuating in response to the latest UK political developments, while the mood towards the euro soured sharply in response to weaker-than-expected German inflation figures. Meanwhile, the US dollar was exposed to selling pressure as US markets closed for the Thanksgiving holiday, and AUD exchange rates struggled as the odds of [...] Read more about: "UK election 10 days away, GBP volatility forecast"
UK service sector growth slumps to 40-month low. The pound slumped at the end of last week as markets were left disappointed by the UK’s latest PMI figures.
Read more about: "Pound tumbles"
An unexpected deterioration from the UK services PMI left the pound on a weaker footing as worries over the fourth quarter growth outlook mounted.
Read more about: "Confidence in the underlying health of the UK economy weakened"
An unexpected shift towards dovishness from the Bank of England (BoE) saw the pound come under renewed pressure ahead of the weekend Increasing concerns over the health of the German economy limited the appeal of the euro, with the industrial sector remaining under pressure thanks to global trade worries. Growing doubts over the likelihood of [...] Read more about: "Pound comes under renewed pressure"
