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The latest UK retail sales data printed weaker than expected with a decline of 0.9% for June. This data includes the 5 weeks up to 2nd July, meaning the post-Brexit period was not measured. There was some good news yesterday – a decline in the latest government borrowing data. This…
Sterling lost momentum yesterday morning following poor data from the UK. Q1 preliminary business investment printed at -0.5%, substantially missing the 3.2% forecasted growth. This caused the Pound to fall against both the Dollar and the Euro, which was then reinforced by strong data from across the pond. The second…
Sterling continued to strengthen yesterday reaching three week highs against the Dollar, and fourteen week highs against the Euro. Although there were no data releases through the day, fears surrounding the upcoming EU referendum have continued to ease. This has helped to underpin the Pound. Today, the first-quarter GDP revision…
Sterling rallied yesterday against all major currencies, reaching highs against the Euro not seen in three months. David Cameron held nothing back yesterday when commenting on the likely effects of a ‘Brexit’, claiming that a vote to leave would be “the self destruct option” for the UK. As a result,…