UK government borrowing was the lowest in 17 years in the financial year ended March 31, and exceeded the official forecast, the Office for National Statistics said on Wednesday. more...
UK total pay growth sustained its strong momentum in the three months to February, growing at the fastest pace in over a decade, as employers ramped-up hiring to a fresh record high, ahead of a possibly chaotic Brexit. The total pay grew 3.5 percent year-on-year in the three months to February, same as in December and January, preliminary data from the Office for National Statistics showed. more...
With Sterling up around 7% against the U.S dollar this year to date but down some 12% from the $1.50 level on the referendum on Britain's European Union (EU) membership in June 2016, what are the prospects for the Pound following the outcome of the 'Indicative Vote' process today in Parliament? more...
UK employment level climbed to a record high in the three months to January, while the jobless rate eased to its lowest level since the mid-1970s, preliminary data from the Office for National Statistics showed on Tuesday. more...
The British Pound is pulling back after testing above the 1.3100 level earlier this morning. This capped a strong topside run that showed up after the print of a fresh low less than a week ago. The month of January brought a stretch of strength into GBPUSD that likely caught many by surprise, especially considering the way that the year started for the pair: GBPUSD put in a rather large drop on January 3rd, slipping below 1.2500 temporarily as bears made a push. But the rest of January was marked ...
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