Asos, the online fashion retailer, has reported record sales and increased its forecasts for the year ahead after it more than doubled its pre-tax profits.
Banking giant HSBC has admitted “defeat” on its prediction that the pound will drop to $1.20 against the dollar by the end of the year.
South East Asian and Indian buyers now make up the majority of London’s international property investors thanks to the fall in sterling and domestic policy changes.
The Bank of England’s Super Thursday meeting takes place today.
UK government borrowing rose to £6.9bn last month after the country was forced to pay higher interest on its debt.
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.
The pound has rallied to an almost 10-month high in response to comments from the UK government ahead of a new round of Brexit talks with the EU next week.
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.
A year has passed since the UK voted to leave the European Union and the decision has had a positive impact on some UK exports.
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.
The pound has been having a terrible week — mainly due to concerns that next week’s general election could result in a hung parliament.
Prior to the referendum vote last June, the International Monetary Fund (IMF) warned that leaving the European Union (EU) was a significant risk for Britain and the rest of the world.
Sterling had an annus horribilis in 2016, but so far 2017 has heralded something of a comeback.
The impact of Brexit in the form of a weaker pound and higher inflation will add to an already complicated trading landscape for British beer exports.
The UK’s vote to quit the European Union last year is likely to hit the poorest the hardest.
The pound had an awful year in 2016.
British prime minister Theresa May formally invoked Article 50 of the Lisbon Treaty, the official European Union (EU) exit clause, earlier today.
So sterling fell to a ten week low following British prime minister Theresa May’s strong hint the UK will not remain within the European Union’s single market.