The pound has jumped up to its highest level against the dollar since the Brexit vote after a Bank of England (BoE) policymaker signalled a rate rise in the coming months.
For the first time in its 18-year history, the euro will be one-for-one versus Britain’s pound by early next year, according to the US investment bank Morgan Stanley.
UK government borrowing rose to £6.9bn last month after the country was forced to pay higher interest on its debt.
If the UK government fails to reach a deal with the EU, the consequences will be “widespread, damaging and pervasive” according to a report published today by the think tank The UK in a Changing Europe.
The EY Item Club, the economic forecasting group, has lowered its forecast for the UK’s GDP growth from 1.8 percent to 1.5 percent in 2017.
One year after the Brexit vote, money transfer customers in the UK have demonstrated long-term resilience despite the devaluation of the pound, according to report published by Small World FS today.
Sterling jumped nearly one percent to a three-week high on Wednesday after Mark Carney, governor of the Bank of England (BoE), suggested that interest rates could rise.
As the dust settles from last week’s general election, UK businesses have raised concerns over what a hung parliament could mean for the country.
Conservative leader Theresa May has had what’s been described as a catastrophic night after failing to secure the increased majority she was targeting.
Sterling had an annus horribilis in 2016, but so far 2017 has heralded something of a comeback.
The UK’s vote to quit the European Union last year is likely to hit the poorest the hardest.
After a turbulent 2016 with overall clothing and footwear growth of just one percent, the lowest since recession-hit 2009, retailers will be hard pressed to find much respite this year.