An unexpected contraction in the UK manufacturing PMI put fresh pressure on the pound with signs increasingly pointing towards the economy losing momentum in the second quarter. Worries over the outlook of the Eurozone economy also limited the appeal of the euro, with the Italian government voicing its dissatisfaction with EU budget rules once again. [...]

Friday’s UK gross domestic product data proved mixed in nature, leaving the pound with limited support ahead of the weekend. Although the headline annual first quarter gross domestic product accelerated from 1.4% to 1.8% as forecast this failed to ease market worries over the underlying health of the UK economy. Investors were disappointed as the [...]

Worries over Brexit continued to weigh on the pound, with markets unsettled by Theresa May’s decision to postpone the ‘meaningful’ parliamentary vote once again. The euro struggled to find support, meanwhile, as economic confidence in both Germany and the wider Eurozone continued to weaken. Signs of increasing reticence among Federal Reserve policymakers put pressure on [...]

UK currency was hit by fresh Brexit uncertainty and mixed economic data. Does this effect expats and french mortgages? Ask an expert…

The pound continued to trend higher last week as investors became increasingly optimistic of a no-deal & brexit will be avoided

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. [...]

Increased hopes for a Brexit deal encouraged the pound to push higher across the board last week, even though UK data demonstrated fresh signs of weakness. Solid US data continued to boost the case for the Federal Reserve to raise interest rates again before the end of the year, keeping the US dollar on a [...]

Brexit was back in the spotlight last week, driving heavy losses in the pound as EU leaders rejected Theresa May’s Chequers proposals However the pound looks to be mounting a recovery at the start of this week’s session, with GBP/EUR climbing to €1.1176 and GBP/USD surging to US$1.3156. Looking ahead, the focus for investors this [...]

Trade in the pound was mixed last week as renewed confidence of an August rate hike from the Bank of England was offset by a blurry outlook regarding Brexit. The mixed trade in Sterling looks set to continue at the start of this week as GBP/EUR slides to €1.1224, while GBP/USD edges up to US$1.3109. [...]

Pound plunges as soft UK data drags on BoE rate expectations The pound was hit by considerable losses last week as a run of soft UK economic data drove the currency lower on fears it could prevent the Bank of England (BoE) from raising interest rates next month. Meanwhile the start of this week looks [...]