The UK Economy

Yesterday’s session was very bullish in the last hours for the cable. Now, the GBPUSD is facing a strong resistance on the upside. The GBPUSD is forming a lower high clear pattern in the H1 chart. The resistance in the 1.5377 level is very strong, because it has been touched days ago but could not […]

Earlier today, the International Monetary Fund released its semi-annual World Economic Outlook, subtitled “Hopes, Realities, Risks.” From a 30,000 foot view, the IMF thinks that the world economy is beginning to recovery from a slow 2012 although risks to the economy are still being considered high “in the medium term.”  The report cited two major […]

Southern North Sea oil stake bought from BP SSE  has completed the acquisition from BP of a 50% working interest in the Sean gas field in the Southern North Sea. SSE has paid a total cash consideration of £117.4 million, which reflects the value of the asset based on an effective economic date of 1 […]

“There’s fool’s gold—pyrite—and then there’s fool’s gold—gold owned by idiots willing to trade it for worthless dollars.” ~ Jarod Kintz Some blame Cyprus.  Others blame China.  Yet others blame the U.S.  Regardless of whom you choose to blame, the price of gold has declined in the last two days of trading from $1,561 per ounce […]

Renters now spend an extra four weeks at work paying off their home New Halifax research showed that April 13th was is this year’s Mortgage Freedom Day in the UK; as on the 103rd day of the year new UK homeowners will have finally earned enough to pay off the annual cost of their mortgage. […]

Service being launched in conjuction with the Bank of Ireland The UK Post Office has announced it will enter the current account market during spring 2013 in a move that is set to make it one of the largest providers of financial services on the high street. The current account, which will be provided by […]

Vince the Cable Guy is much more refined than his American cousin, Larry, but he is certainly no less opinionated.  In fact, he has managed to grab quite a few headlines in the last several days as he flexes his muscle as Britain’s Business Secretary in attempts to correct all that he perceives is wrong […]

Bank of Scotland data shows limited growth to Scottish economy The latest Business Monitor shows a marginal improvement in the Scottish economy. In the three months ending February 2013, 29% of firms surveyed increased turnover, 37% experienced static turnover, and just over a third (34%) experienced a decrease. This gave a net balance of -5%; […]

Research by Lloyds finds that total net household wealth up by an estimated £2.71 trillion since 2002 Total household wealth for the end of 2012 is now estimated at £7.05 trillion, while there has been an increase of £2.71 trillion over the past decade; equivalent to a rise of £86,000 per household. The value of […]

In the yesterday session, the GBPUSD was moving in ranging, showing an unclear trend in the short term for this pair. The GBPUSD is facing with a resistance level at 1.5369. The cable is currently developing a lower high pattern, which, if it does a breakout at the resistance level in 1.5369, the cable can […]