Monthly Archives: December 2016

UK Inflation has increased from 0.9% in October to 1.2% in November

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GB POUNDThe pound held on to its gains from last week as it started the week trading at 1.1920 against the Euro, and 1.2610 against the US dollar.Inflation in the UK has increased from 0.9% in October to 1.2% in November. This is the highest level since 2014. It is thought that the fall in food prices, higher fuel costs and food price deflation are the key factors behind the rise. The jobless rate in the UK has remained at 4.8%, an eleven-year low, but the number of people in work has dropped to Read more

Raft of Positive Economic Data Coming out of the UK

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GB POUND The pound started the week on the front foot, trading at 1.1993 against the Euro, and 1.2697 against the US Dollar. The strength of the pound can be attributed to the raft of positive economic data coming out of the UK, and also the Italian constitutional referendum on Sunday. On Tuesday the Financial Conduct Authority (FCA) said it plans to impose stricter rules on financial spread betting products, also known as (CFD’s) contracts for difference. CFD’s allow customers to make huge Read more

Worrying Levels of Credit Card Debt in UK Households

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GB POUND A mixed start to the week for the pound as it started the week trading at 1.1725 against the euro, and 1.2495 against the US dollar. It quickly began to come under pressure following a report from the OECD (Organisation for Economic Co-operation and Development) who are predicting that growth in the UK will begin the fall over the coming years. They expect growth to slow to 1.2%. The Governor of the Bank of England, gave a warning about the worrying levels of debt in UK households. Figures Read more

PM may seek a transitional deal with the EU as part of “Brexit”

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GB POUNDThe pound started the week losing some of last week’s gains trading at 1.1607 against the Euro, and 1.2339 against the US Dollar. On Monday Theresa May hinted that she may seek a transitional deal with the EU as part of “Brexit”. Speaking at the annual CBI conference May said “Obviously as we look at the negotiation we want to get the arrangement that is going to work best for the UK and the arrangement that is going to work best for business in the UK. And I’m conscious that there Read more