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Conservative Polling Numbers Dip, GBP Exchange Rates Slump

Sterling GBP/USD 1 Week Chart The Pound (GBP) tumbled on Monday following recent opinion polls that suggested that the Conservative lead over labour had been greatly diminished since the release of its manifesto. The fall in the polls was largely prompted by criticism over the Tories’ social care proposals, which critics labelled a ‘dementia tax’,... View article >
Posted on 23 May 2017 | 9:56 am GMT
Author: TorFX

Sterling Trends Lower as Conservatives Lose Ground in the Polls

Sterling GBP/USD 1 Week Chart The Pound (GBP) tumbled against the majority of its peers this morning as the Tories relinquished a double digit lead in the polls. Theresa May’s party suffered over the weekend as she faced a backlash over a supposed ‘dementia tax’ which would see the elderly with over $100,000 in assets... View article >
Posted on 22 May 2017 | 10:46 am GMT
Author: TorFX

Sterling Surges after Impressive Retail Sales but Fails to Hold Gains

Sterling GBP/USD 1 Week Chart The Pound (GBP) rocketed higher yesterday morning following the release of better than expected UK Retail Sales figures for April. Data published by the ONS revealed that sales leapt from -1.4% to 2.3% last month, their highest level of growth since January 2016 and outpacing forecasts for a rise of... View article >
Posted on 19 May 2017 | 8:25 am GMT
Author: TorFX

US Dollar Shaken by Trump Concerns

Sterling GBP/USD 1 Week Chart The Pound (GBP) initially advanced against most of its peers on Wednesday following the release of better than expected UK unemployment figures. Joblessness fell from 4.7% to 4.6% in March, reaching a 42-year low and suggesting that the uncertainty of Brexit was not putting off firms from hiring new talent.... View article >
Posted on 18 May 2017 | 8:26 am GMT
Author: TorFX

UK Inflation Pressures Send GBP Exchange Rates Lower

Sterling GBP/USD 1 Week Chart The Pound (GBP) slipped against the majority of its peers on Tuesday as the UK’s latest CPI data showed that inflation skyrocketed last month. According to the ONS, inflation jumped from 2.3% to 2.7% in April, outpacing initial estimates that it would rise to 2.6%. While an uptick in inflation... View article >
Posted on 17 May 2017 | 8:38 am GMT
Author: TorFX

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