Pound sterling continues to sink as UK economy ‘clearly on very shaky ground’ January 9, 2025 Pound sterling has continued to sell off this morning, and UK government bond yields have ticked higher as UK risk assets remain under pressure. The pound fell below $1.23 against the dollar in early trade and is currently down 0.7 per cent against the dollar and 0.6 per cent against the euro. Meanwhile, the domestically [...]
Profit stalls at iconic motorcycle maker Triumph January 7, 2025 Profit has stalled at iconic motorcycle brand Triumph as an economic downturn in China and a fall in the value of sterling impacted its sales. The Derbyshire-headquartered business, which is owned by billionaire John Bloor, has reported a pre-tax profit of £72.6m for the year to 30 June, 2024, up slightly from the £72.3m it [...]
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.
Investment bosses back UK stocks in 2025 and fret over Trump December 31, 2024 The chief investment officers of some of the UK’s largest asset managers have said they expect UK stocks to outperform global equities in 2025. However, they’ve also warned that trade wars represent the biggest threat to investors in 2025, as US President Donald Trump’s election threatens to heighten global supply chain issues. According to data from [...]
Sterling hits lowest level since July as Trump victory dents the pound November 14, 2024 "The FX market tends to concentrate on one theme at a time, and right now that is dollar dominance," Kathleen Brooks, research director at XTB said.
Pound sterling set for worst week all year as markets reassess path for interest rates October 4, 2024 The decrease has knocked sterling from its remarkably strong start to the year, which has seen it outperform all other major currencies.
Pound’s strength against the dollar risks ‘damage’ to UK’s competitiveness September 25, 2024 The pound reaching its highest level in over two years against the dollar risks damaging the international competitiveness of the UK, City analysts have warned. Sterling now sits at $1.34, its highest since February 2022 and far from its low point of $1.03 in the days after Liz Truss’ mini budget. However, while the strength [...]
Pound’s rally fades ahead of crucial US jobs data September 3, 2024 The pound’s stunning rally has stalled as traders look for direction amid a quiet week in the data calendar for the UK. Sterling was trading 0.2 per cent lower against the dollar at around $1.311 having lost over one per cent against the greenback in the past five days. The dollar has been trading around [...]
Pound set to continue surge against dollar as interest rate cuts slow September 2, 2024 The pound is set to be one of the world's top-performing major currencies this year, according to Bank of America, amid expectations of “above trend growth” in the UK economy and slower interest rate cuts,