Sterling remained in a slim trading range against most major currencies for much of August although a raft of weak economic data in the UK lead to the pound losing value more recently. Sterling fell
If there is such a thing as an exciting piece of economic data then I would have to say the first estimate of Q2 GDP coming in at 1.1% (the biggest leap since Q1 2006 and 0.5% higher than expectations) certainly caused a stir. So much so
The new coalition government’s budget was the primary focus in June and aggressive measures outlined by George Osborne to cut and reduce the huge national debt were welcomed by the financial markets pushing the pound higher against most currencies.
May was certainly a roller-coaster of a month for the value of sterling. On some days we witnessed exchange rate swings in excess of 2%. To put this into context on a normal day one would expect to have 0.5 to 0.8% movement on a major currency pair like GBPEUR.
Clearly, Thursday’s general election is the key factor affecting exchange rates this week and sterling has maintained a steady stance against most major currencies
Okay I am determined not to turn this currency commentary into political report. However we cannot hide from the fact that as a consequence of a looming general election (latest June) the value of sterling has been under pressure. Why? Well with political uncertainty comes
Despite an upward revision of Q4 GDP sterling has lost considerable value against most currencies. The UK economy is estimated to have grown by 0.3% for the 4th quarter compared with
Whilst the Christmas champagne may be a little flat by now, we learned a couple of weeks ago that the UK is finally out of recession, which might be
The final figure for Q3 GDP was released in December and unfortunately for sterling the UK economy contracted -0.2% causing the pound to weaken on the day. The market expectation
October was a mixed bag for sterling as reports early in the month suggested a weak pound in the run-up to Christmas with the Telegraph talking about