Daily update

The UK economy has endured one of its strangest weeks in years; Falling confidence, continued declines in housing market figures, record CPI numbers and a gover... Read More >

All in all sterling had a poor week as data continues to weigh despite its competitors giving GBP ample opportunity to move higher. However I’m choosing not to ... Read More >

Is the worst over? Is the most extreme financial crisis since the great depression petering out? Global markets are certainly signalling so. Stock markets are r... Read More >

Sterling has edged up off the lows after the release of the Bank of England minutes. Closer inspection of the voting revealed that two members, Andrew Sentance ... Read More >

So the MPC has decided to back up the banks and give them the facility to swap their mortgage debts for the safest debt type of all; a gilt. This government bac... Read More >

The MPC cut rates last week to 5.00%, the third cut in 5 months against a backdrop of substantial pain in the UK housing market. This is unlikely to influence ... Read More >

Sterling made a better run of things and was allowed some respite as it moved higher against the euro and dollar over the course of last week. Last week we repo... Read More >

Confidence is a funny thing. Be it sport, business or whatever confidence plays a role. At the moment the UK economy is low on confidence and as such sterling i... Read More >

The title of last week’s report was ‘There may be trouble ahead’; little did we know that sterling would feel the effects so quickly. Much like the commodity cu... Read More >

Sterling once again split the field last week soaring to a high of 2.04 against USD but moving into the 1.29s against EUR. As predicted in my previous update, v... Read More >