Pound sterling rises to highest level this year as markets digest ‘mind-blowing’ tariff plans February 14, 2025 Sterling was trading at $1.26 on Friday afternoon, up 0.3 per cent on the day and its highest level so far in 2025.
Rich people’s problems: Confidence in economy hits record low among wealthy Brits February 13, 2025 Confidence in the economy among high net worth Brits has tanked since the election of a Labour government last summer, according to data from the Saltus Wealth Index. The study, which questioned 2,000 people in the UK with assets of £250,000 or more, revealed just under half – 48 per cent – of these so-called [...]
UK economy: Britain’s resilience to tariffs could support pound sterling February 10, 2025 Sterling could outperform against the euro in the coming weeks because the UK is less exposed to the threat of Donald Trump's tariffs, analysts think.
Pound sterling falls on latest Trump tariff threats January 28, 2025 The movement in currency markets came after the latest comments from the President on his tariff plans.
FTSE 100 rises and gilts recover but Reeves isn’t out of the woods just yet January 15, 2025 Chancellor Rachel Reeves was dealt some welcome good news after a surprise drop in inflation that saw gilt yields fall at the fastest pace in over a year on Wednesday, but some economists fear the development represents a temporary reprieve with inflation at risk of rebounding in the coming months. New figures from the Office [...]
JP Morgan: UK policy credibility ‘coming under pressure’ January 14, 2025 Gilt yields, which reflect the cost of government borrowing, have increased significantly in recent weeks.
Pound sterling suffers as traders pare bets on Fed rate cuts January 13, 2025 The sell-off comes after a bruising week for UK assets last week, with sterling falling over three per cent and gilt yields picking up to the highest levels in decades.
Resurgent inflation fears drive global sell-off in government debt January 8, 2025 Government bonds suffered a major sell-off on Tuesday as fears about the potential persistence of inflation continued to build.
Pound sterling slumps to $1.24 in the face of dominant dollar January 2, 2025 Sterling's sell-off was accentuated by data out from the US, which showed a smaller increase in the number of jobless claimants than had been anticipated.
FTSE 100 climbs into the green on the back of weaker pound January 2, 2025 The shaky start comes amid widespread uncertainty about the path for the global economy in the new year.