Latest News

• UK producer prices rise more than 4%

  The prices of goods leaving UK factory gates rose at their fastest in 14 months in the year to February and at more than double their average rate than over the past decade, according to official figures published on Friday.
  The Office of National Statistics reported that manufactured output prices as measured by its producer price [...]

• Base rate left at 0.5%

  Sterling made some brief gains yesterday but traded fairly flat throughout the day. The European Central bank held their current interest rates at 1% which was expected. Whilst the Bank of England left their base rate at 0.5% for the 12th month in a row, and also held its asset purchase programme at £200bn, again [...]

• Sterling was under attack from all angles

  Sterling was under attack from all angles yesterday morning as traders and investors sold off the pound as if it was due to become worthless. Two main factors lead to sterling at one point approaching its biggest one day drop in over a year.
  Firstly, a report over the weekend in the Sunday Times suggested the [...]

• BoE Govenors comments weigh on Sterling

  Sterling was under pressure from the start of yesterday’s session after comments from BoE Governor Mervyn King weighed on Sterling. King’s testimony to the Treasury Select committee undermined sterling when he expressed concerns about the fragility of the recovery and left the
  door open to further quantitative easing if the need arose. When asked whether further [...]

• Market movements influenced purely by trade flow

  Sterling started Monday morning on the back foot but made slight gains throughout the day’s trading despite recent weak economic data, poor public finances and more talk of a hung parliament in May.

  With no data released during the course of the day, market movements were influenced purely by trade flow. Investors, banks and general transfers [...]