Currencies Direct

UK economy grows by 0.5%

Oct 28 2016 @ 07:42
The Office for National Statistics stated that the UK grew by a healthy 0.5%, defying all Brexit fears. Despite the positive data, investors are not convinced it tells the whole story, as it only showed the initial impact of Brexit, and the majority of investors seem to think the UK will struggle to avoid a […]

UK GDP numbers to bring back volatility

Oct 27 2016 @ 07:41
The pound has managed to recover most of its losses in trading yesterday in the aftermath of Bank of England Governor Mark Carney’s unusually hawkish speech that calmed market fears. A statement earlier in the week by Chancellor Hammond, hinting that the economic prosperity of the UK will not be given preferential treatment in Brexit […]

Pound has another wobble

Oct 26 2016 @ 07:40
After a period of respite the pound suffered another trip lower in trading yesterday. The downturn came shortly before Bank of England governor Mark Carney’s speech to the House of Lords and the likely cause was down to comments from Chancellor Philip Hammond. Mark Carney’s speech itself did not contain any fireworks and the market […]
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