Sterling rebounds following the CPI data release Sterling rebounded positively this morning on the back of a better than expected CPI reading, showing an increase of 0.6% against market expectation of 0.5%. Retail sales also rose 1.9% in July against June’s reading of 1.6%. General Transport and alcohol (weather related) were said to have been […]

The main story dominating the market yesterday was the Bank of England’s decision to cut interest rate by 25bp, to a new record low of 0.25%, and the launch of a massive stimulus package designed to save the UK economy from recession. The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to slash interest […]

In the aftermath of the landmark Brexit vote, the Governor of the Bank of England, Mark Carney, indicated that the UK could see an interest rate cut over the summer. Today was that day, as the central bank reduced the cost of borrowing from 0.50% to 0.25%. This is first UK interest rate cut in […]

Sterling has strengthened enough to regain some of the ground it lost at the start of the week, but it was also given a kick following a much smaller than expected fall in the UK construction PMI data for July – a reading of 45.9 against a forecasted 43.8. The construction sector is seen as […]

The uncertainty of Brexit is starting to feed into UK indicators. The CBI optimism in the UK fell to the lowest level since 2009 and recent economic data from the UK leans towards a recession in the latter half of 2016. This feedback will heap further pressure on the Bank of England to act in […]

The pound has finally found some relief after a sustained bout of post Brexit selling pressure. The confirmation that Conservative MP Theresa May will replace David Cameron as Prime Minister has helped to steady the ship. The focus is also shifting to the Bank of England (BoE) decision on Thursday with some expectation that the […]

The pound Sterling has rebounded from the near 2-year lows we witnessed at the start of the month, gaining nearly four cents as the build up to the referendum continues to sway the currency markets.

Sterling surprised the markets on Tuesday as it strengthened on most of its counterparts, despite thin data throughout the European session

The pound for now is relatively calm but implied volatility for June is extremely high, showing the potential for big swings in the run up to, and post, June 23.

Yesterday the Bank of England unanimously decided to keep interest rates on hold for another month, keeping the figure at 0.5% for over 7 years