Analysis / Daily / Finance / forex

Weaker UK Economic Data Sends Pound Lower

The UK’s recent run of impressive economic data took a knock yesterday as GDP numbers came in lower than expected, registering a 0.3% increase as oppose to 0.4% expected. Late last night we also saw UK consumer confidence come in worse than expected to send sterling lower. The pound’s position against the euro of late has seemed pretty impressive, holding … Continue reading

Analysis / Daily / Finance / forex

Sterling slips against dollar after Queen’s speech.

Sterling hit its weakest against the dollar since the aftermath of the UK’s national elections on Wednesday, after a speech by Britain’s queen to parliament set in motion a referendum on the UK’s membership of the European Union. Queen Elizabeth announced early legislation to provide for an in-out vote before the end of 2017. Prime Minister David Cameron … Continue reading