The UK Economy

Early this morning Asda supermarkets announced that they would slash the price of unleaded and diesel by 2 pence per litre beginning Tuesday, 25 June.  It appears that Sainsbury’s (LSE:SBRY), Morrisons (LSE:WM) and Tesco (LSE:TSCO) will immediately follow suit. What was described as “a flurry of price cuts” is being promoted as big news by the […]

Last week, the GBPUSD was very bearish, making consolidation movements below the 200 day moving average. The GBPUSD is forming a higher low pattern, trying to break the support at the 1.5382 level. If the GBPUSD manages to break this support, it is expected to fall to the level of 1.5229. On the other hand, […]

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 […]

It’s almost impossible to believe how much one economy, and one man at one central bank, can affect the entire world with one short speech about his financial strategy.  But Ben Bernanke got the world to play the game of “Ring Around the Rosie” by doing just that yesterday afternoon.  “We all fall down.” As […]

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 […]

The GBPUSD continues to strengthen its bullish trend in the long term, but we must be aware of the significant levels of resistance that are in the way. GBPUSD is forming a lower high pattern ressistencia below the level of 1.5726. If the cable does break the resistance,would be expected to rise to the level […]

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 […]

Is the market driving you nuts?  Don’t feel bad.  You’re (probably) normal.  It’s the market that’s insane.  It’s days like today that it is especially fun to be writing around midday.  There’s so much frenzy, it’s like watching the rear end of a rat race. If you are still in a tither from last night’s news […]

86% of loan applications to BBA member banks approved. Banks are now lending in a normal way and lack of demand combined with a flat economy is the main cause of low levels of credit extended to small businesses, according to an independent report. The report, published by Glasgow University honorary Professor Russel Griggs OBE, […]

Public Accounts Committee describe Google’s tax arguments “deeply unconvincing”. A group of senior Members of Parliament have criticised Google over their avoidance of UK corporation tax. The Public Accounts Committee’s report into Google’s tax avoidance argued that the company “relies on the deeply unconvincing argument that its sales to UK clients take...