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575 News
  • Employment, real earnings both fall

    The British pound moved lower Wednesday morning, following a disappointing UK jobs report. Sterling had made gains against the dollar earlier, as an electoral win for Democrat Doug Jones in Alabama weakened the Republican’s Senate majority. read » December 2017
  • UK Nov CPI rate hits 3.1%

    The British pound gained some support earlier Tuesday from official data showing a higher-than-expected increase in the UK’s consumer price inflation rate. However, the UK currency lost a little ground, shortly after the release. read » December 2017
  • Consumer spending, UK trade outlooks weaken

    The British pound remains subdued in Monday morning trading. Investors appear cautious amid continued Brexit uncertainty and a brace of downbeat UK surveys published overnight. read » December 2017
  • Jobs growth above forecast, earnings growth disappoints

    The US dollar gained strength following the release of monthly US non-farm payrolls data Friday. The report showed payrolls rose, although earnings growth disappointed. read » December 2017
  • Leaders announce accord on first phase of Brexit talks

    The British pound moved higher earlier Friday, following news an agreement has been struck over the Irish border issue, paving the way for Brexit negotiations to finally move forward to the next phase. read » December 2017
  • Senate and House agree bill negotiations

    The US dollar is holding on to earlier gains mid-afternoon Thursday, as investor sentiment is buoyed by the US government’s efforts to deliver the US tax reform bill to US President Trump, this side of Christmas. read » December 2017
  • Further downside seen for cable

    Another day, another breaking news Brexit story. Occasionally they offer good news, but not Wednesday. The British pound sank further against the US dollar on the latest revelation that no official impact assessment of Brexit on the UK, exists. read » December 2017
  • Work ongoing over Irish border, Brexit issue

    After riding high on reports of an agreement on the Irish border, Brexit issue, the British pound lost all the ground it had made, plus more, on news that wasn’t quite the case. Sterling came under further pressure Tuesday morning, on disappointing data, too. read » December 2017
  • Irish hard border seen avoided

    The British pound drove higher Monday, following news discussions surrounding the Irish border issue appears to have been settled. read » December 2017
  • Manufacturing PMI hits 51-month high

    The British pound is holding around the $1.35 level, following a stronger than expected manufacturing PMI result, as cable hits some resistance in the mid $1.35 area. read » December 2017
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