Hammond plans for post-Brexit Britain

pound notes | Econ Alerts

Pound lifted above $1.33   The UK Chancellor of the Exchequer, Philip Hammond, unveiled his 2017 budget in parliament on Wednesday, which put the focus on investing for the future as Britain readies to leave the European Union. With the Conservative government still trying to bring under control a financial crisis-era debt hangover, Hammond had […]

Sterling drops amid fresh Brexit turmoil

pound notes | Econ Alerts

Daily Analysis | 13 November 2017   The British pound opened with a negative gap today, following media reports over the weekend regarding domestic UK politics and Brexit. The first report suggested renewed turmoil within the Conservative Party, with 40 Tory MPs have agreed to sign a letter of no confidence in Theresa May. This […]

Brexit talks heighten volatility in the pound

Daily analysis | 13 October 2017   Concerns over Brexit creates volatility with Sterling   The British pound traded in a rollercoaster manner yesterday, as attention turned back to the Brexit negotiations. The currency initially tumbled, after the EU’s chief negotiator Michel Barnier said that Brexit talks have reached a stalemate, without any significant progress […]

Theresa May’s election gamble backfires!

UK election 2017 - Econ Alerts

June the 8th 2017 has seen Theresa May’s Conservatives party win the UK general election, but without a majority prompting a hung parliament. When British PM Theresa May called for a general election on the 19th of April it was widely expected her Conservative Party would win by a landslide. The polls had Theresa May’s […]

Sterling falls after Philip Hammond delivers 2017 UK budget

Phillip Hammond - Econ Alerts

The UK Chancellor delivered the 2017 UK budget statement on 08/03/2017, some of the issues highlighted before the statement was announced were: The social care system The National Heath Service Businesses rates Since the beginning of February Sterling has fallen against the Dollar from about 1.27 to levels of about 1.22 – 1.21, the price seems to be in a […]

UK economy shows strength for the end of 2016

Building Construction - Econ Alerts

The UK economy was to suffer a sharp drop in growth after voting to leave in the Brexit referendum – this was the sentiment of the Bank of England. Although there was an immediate fall in the value of the Pound, according to the ONS the UK’s construction and manufacturing industries have both grown in December 2016.  Other ONS […]