By Greg Smith on Monday, September 3rd, 2018
in Market InsightsGBP – Carney before Treasury Committee Bank of England Governor Mark Carney and colleagues from the Monetary Policy Committee will testify about the recent interest rate hike and August Inflation Report in front of the House of Commons Treasury Select Committee. There are rumours that Mr Carney has been asked to stay on as BoE […]
By Greg Smith on Tuesday, August 28th, 2018
in Market InsightsGBP – Brexit negotiations ramp up The focus for the UK will remain the ongoing Brexit discussions. UK Brexit Secretary Dominic Raab and EU chief negotiator Michel Barnier met last week and announced that with key autumn deadlines approaching, negotiations will be ongoing. Mr Raab and Mr Barnier will likely meet again this week. Last […]
By Greg Smith on Monday, August 20th, 2018
in Market InsightsGBP – Brexit negotiations resume Last week was a busy week for economic data in the UK, though the data had little bearing on the fortunes of sterling. Unemployment fell to a 43-year low of 4%, though pay growth remained modest. Inflation moved slightly higher for the year, whilst the ‘core’ rate remained steady at […]
By Greg Smith on Monday, August 13th, 2018
in Market InsightsGBP – GDP Bounces Back Second quarter GDP was the main piece of data for the UK last week. GDP showed a rebound to 0.4% for the quarter reflecting rises in industrial production and construction. Services were more of a concern showing no growth, with exports also falling over 3.5%. Sterling fell against the USD […]
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