Latest News
Source: IFX
Sterling reached a new five month high of $1.5638 against the dollar yesterday after the recent run of positive data improved the economic outlook for the UK. Positive retail sales data and impressive GDP figures last week increased risk appetite...
Source: HSBC
Last Friday saw upside surprises in both UK and German economic data. The preliminary estimate of UK GDP in Q2 showed a gain of 1.1% quarter on quarter, nearly double the 0.6% gain expected and up from 0.3% in Q1. This shockingly good number sho...
Source: FT
The Bank of England’s monetary policy committee discussed restarting quantitative easing earlier this month, as signs of weaker growth emerged and in the light of the impact of the emergency Budget, minutes from its last meeting reveal.
Th...
Source: HSBC
Sterling’s recent strong run seems to have stalled and having failed 3 times last week to move above an important chart resistance at the $1.5220-40 level, GBP/USD has fallen back below $1.50. Against the Euro, the pound was already weakening la...
Source: FT
The risk of a slowdown in the global economic recovery has risen sharply, but governments should continue planning to tighten fiscal policy, the International Monetary Fund has said.
Updates to the IMF’s regular world economic outlook and a...