Sterling hit by triple dose of bad news
28 July, 2011
The Pound’s recent run was brought to an abrupt halt this morning by 3 pieces of economic news it could have done without. Inflation, the trade defecit and house prices all fell – meaning that an interest rate rise in the UK is even less likely than had been the case previously.
In turn sterling weakened against most major currencies, losing over half a cent against both the Euro and US Dollar when the figures were releases at 9.30 this morning.
Tomorrow’s unemployment data is the next major UK news due out, and in the current climate it might be wise to expect more bad news.
- 2020 (59)
- 2019 (190)
- 2018 (229)
- 2017 (253)
- 2016 (254)
- 2015 (253)
- 2014 (252)
- 2013 (287)
- 2012 (270)
- 2011 (576)
- Brexit deal to be done, or going, going, gone? 25 November, 2020
- Sterling starts the week down from the highs of last week 16 November, 2020
- Votes are in – albeit still being counted, will Donald trump Joe? 4 November, 2020
- No categories