The UK Budget

Pound Sterling – The Pound began the week on a positive note after economic data continued to support hopes that the UK economy is making a strong recovery. A better than expected services PMI climbed from 56.9 in June to 57.4 in July. To ask a currency expert a question direct, click HERE Or to […]

Britain’s banks have provided a bevy of news for the first Monday in August.  And – surprise!- not all of it is bad.  Not that long ago, any story about UK banks could have been written in one word:  “Disaster.”  Actually, it’s been so bad for so long that “bank” and “disaster” in the same […]

Pound Sterling – At the start of the week the Pound saw little movement against its most traded peers, but did make gains against the US Dollar. The rise came after the Bank of England released data showing that lending to small UK firms hit a record high in June. To ask a currency expert a […]

Millions of pounds to be saved due to potential petrol price cuts. The Government is seeking to cut petrol prices by 5p in some parts of the UK. But who are the chosen ones… Residents of remote areas in the UK suffer from higher rates whenever their tanks run out. Not only is driving in […]

Pound Sterling – At the start of the week the Pound was trading above a two-week high against the US Dollar as the UK awaited the birth of its future King. The currency found support by comments made by Prime Minister David Cameron that taxes could be cut in the near future as the UK economy […]

Pound Sterling Over the course of last week the Pound experienced pretty extensive fluctuations. As the week began, disappointing UK industrial production figures and speculation surrounding Federal Reserve chairman Ben Bernanke’s announcement saw Sterling slide against the US Dollar and Euro. To ask a currency expert a question direct, click HERE Or to receive a […]

Pound Sterling – Despite an improving picture emerging for the health of the UK economy, this week was one of declines against the US Dollar. On Monday the Pound was little changed against the Euro and US Dollar due to an industry report showing that home sellers raised their asking prices for a sixth-straight month […]

In an interview with the BBC this morning, Richard Campbell of the Office of National Statistics (ONS) reported on the announcement that the rate of inflation in the UK, as measured by the Consumer Price Index (CPI), increased to 2.7% in May from 2.4% in April.  What does this mean for average household? If it means anything at […]

Pound Sterling At the start of the week the Pound weakened against the Euro and US Dollar due to a selloff of the currency and as speculation mounts that the US Federal Reserve will soon announce a slowdown of monetary stimulus.  The uncertainty over the Fed’s next move regarding its easing policies was the main […]

Ersnt & Young ITEM Club argue that George Osborne’s attempts to rebalance UK have failed. The UK has “returned to relying on” the consumer “to drive economic growth”, the latest Ernst & Young ITEM Club special report on consumer spending has argued. Criticising the failure of the UK government’s plans to rebalance the economy, the […]