London

STERLING Sterling got off to a slow start to the trading week with most UK markets closed yesterday and little Brexit related activity over the weekend. Recent Bank of England rhetoric has also been relatively uneventful with Carney sticking to his view last week that the first-quarter slowdown was temporary. Investors will be on the…

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Currency market reports

STERLING Sterling fell sharply on Friday after data showed the UK economy almost came to a standstill in the first quarter, posting a GDP print of just +0.1% quarter-on-quarter versus forecasts for a gain of +0.3%. The data has dampened expectations for an interest rate increase at the Bank of England next month to less…

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Brexit Currency Global Market News

STERLING Sterling was mixed last week although the bias was tilted to the upside. The currency jumped higher on Tuesday amid reports that the European Parliament is to call for Britain to have ‘privileged’ single market access after Brexit. Losses followed on Wednesday however after soft employment data and the leak of a government document…

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