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FX round-up: Sterling gains on dollar thanks to UK policy hawks coming to fore

FX round-up: Sterling gains on dollar thanks to UK policy hawks coming to fore

Fri, 23 June 2017

(ShareCast News) - Sterling managed Friday gains on the US dollar thanks to UK monetary policy hawks coming to the fore in recent days, but was otherwise down against a raft of commodity currencies. A... [more]

London close: FTSE labours through Friday as sterling gains on underwhelming dollar

London close: FTSE labours through Friday as sterling gains on underwhelming dollar

Fri, 23 June 2017

(ShareCast News) - Stocks in London laboured through Friday as sterling made gains against an underwhelming US dollar a day after PM Theresa May met with European leaders in Brussels. The FTSE 100 c... [more]

27 EU member states to vie for two London-based agencies

27 EU member states to vie for two London-based agencies

Fri, 23 June 2017

(ShareCast News) - The EU have officially launched the competition between 27 member states to decide which will host the London based European Medicines Agency and the European Banking Authority Seve... [more]

Citizens from EU countries will be able to stay reiterates May

Citizens from EU countries will be able to stay reiterates May

Fri, 23 June 2017

(ShareCast News) - Prime Minister Theresa May defended her proposals regarding the future rights of EU citizens in the UK. At a news conference after an EU summit in Brussels, May reaffirmed that thos... [more]

Gap between home price growth in South and rest of UK to close, Hometrack says

Gap between home price growth in South and rest of UK to close, Hometrack says

Fri, 23 June 2017

(ShareCast News) - Annual average UK city house price growth slowed in May, but increased during the last three months, the results of a survey showed. Hometrack's UK Cities house price index revealed... [more]

CMA to take action against online gambling companies

Fri, 23 June 2017

(ShareCast News) - The Competition and Markets Authority announced on Friday that it will be taking action against online gambling companies it suspects of breaking consumer law. The investigation, pa... [more]

Weakened May throws EU citizens rights on table in opening Brexit gambit

Fri, 23 June 2017

(ShareCast News) - UK Prime Minister Theresa May used the three million EU citizens living in Britain as her opening gambit in Brexit negotiations, offering them a "settled status" if they had been in... [more]

FX round-up: Sterling mixed, prone to volatility as PM May heads Brussels

Thu, 22 June 2017

(ShareCast News) - Sterling had a mixed Thursday as PM Theresa May went to Brussels to unveil to European leaders her allegedly more generous plans for the rights of EU citizens in the UK. May's hopes... [more]

FX round-up: Sterling mixed, prone to volatility as PM May heads Brussels

Thu, 22 June 2017

(ShareCast News) - Sterling had a mixed Thursday as PM Theresa May went to Brussels to unveil to European leaders her allegedly more generous plans for the rights of EU citizens in the UK. May's hopes... [more]

London close: FTSE scrapes along as PM takes her Brexit show to Brussels

Thu, 22 June 2017

(ShareCast News) - The FTSE scraped along to a lower close as PM Theresa May looked took her Brexit and hung-parliament show to Brussels. May's hopes of boosting her bargaining power at the Brexit tab... [more]

Commodities: Crude gets a Thursday fillip higher, but downside risk remains

Thu, 22 June 2017

(ShareCast News) - Prices of crude oil got a Thursday fillip higher as investors took some note of recent falls in US inventories, but nonetheless remain mindful of the black liquid's potential for fu... [more]

UK population increases at fastest rate since WW2

Thu, 22 June 2017

(ShareCast News) - Britain's population has swelled to nearly 67 million with growth in the past year reaching the fastest rate in almost 70 years, official figures showed on Thursday, boosted by cont... [more]

UK industrial trend improves more than expected - CBI survey says

Thu, 22 June 2017

(ShareCast News) - UK manufacturing is bouncing back, the CBI industrial trends survey showed on Thursday as the headline total orders balance came in much higher than forecast. June's headline total ... [more]

Mortgage lending robust but buy-to-let rebound fails to appear

Thu, 22 June 2017

(ShareCast News) - UK mortgage lending remained resilient in May, according to figures released by the industry on Thursday, but forecasts for a revival in buy-to-let lending have proved wrong. The Co... [more]

Tesco call centre closure to put 1,100 jobs at risk

Thu, 22 June 2017

(ShareCast News) - Supermarket chain Tesco could be set to lay off as many as 1,100 people after it announced that it planned to close a call centre in Cardiff. Tesco said it would create a further 25... [more]

FX round-up: Sterling ahead as BoE's Haldane hawkish on UK rates

Wed, 21 June 2017

(ShareCast News) - Sterling put in an unfamiliar positive performance on most key crosses Wednesday thanks to a hawkish jawbone on UK interest rates by Bank of England chief economist Andy Haldane. He... [more]

London close: FTSE ends down after Queen's Speech, Haldane's rate-rise comments

Wed, 21 June 2017

(ShareCast News) - Shares in London were under pressure Thursday as sterling zipped ahead on news Bank of England chief economist Andy Haldane said he would likely vote for a rate rise later in 2017. ... [more]

Grenfell Tower survivors to be rehoused in luxury complex

Wed, 21 June 2017

(ShareCast News) - The UK government has bought 68 flats in a luxury west London apartment block in order to rehouse the survivors of the Grenfell Tower fire. Communities secretary Sajid Javid announc... [more]

Commodities: Crude extends gains as EIA confirms US stores drop

Wed, 21 June 2017

(ShareCast News) - Crude-oil futures got a mild shove on a sun-soaked Wednesday afternoon in London as fresh official data showed a draw in US stores of the black liquid last week. The just-issued Ene... [more]

Hike in Bank Rate might be prudent in second half, BoE's Haldane says

Wed, 21 June 2017

(ShareCast News) - The Bank of England's chef economist signaled he too might soon shift his stance in favour of a hike in Bank Rate. In remarks prepared for a speech the day before, Andrew Haldane sa... [more]

Queen's speech sees embattled May change tack, DUP demands to the fore

Wed, 21 June 2017

(ShareCast News) - In the Queen's speech to formally open parliament, Prime Minister Theresa May's minority government announced an intention to "provide certainty" over Brexit and maintain a "deep an... [more]

London property sales fall 18% in 2016

Wed, 21 June 2017

(ShareCast News) - Home sales in Britain fell significantly during 2016, with London experiencing an 18% drop in property deals in comparison to 2015. According to figures from Lloyds Banking Group, o... [more]

London property sales fall 18% in 2016

Wed, 21 June 2017

(ShareCast News) - Home sales in Britain fell significantly during 2016, with London experiencing an 18% drop in property deals in comparison to 2015. According to figures from Lloyds Banking Group, o... [more]

UK budget deficit falls to decade low but expected to rise this year

Wed, 21 June 2017

(ShareCast News) - UK public borrowing declined more than expected in May, providing encouraging reading for Chancellor Philip Hammond, although the budget deficit is still expected to increase over t... [more]

FX round-up: Loveless sterling southbound as Carney jawbones on rates

Tue, 20 June 2017

(ShareCast News) - Sterling resumed its ride lower again on Tuesday after Bank of England governor Mark Carney said now was not the time to raise UK interest rates. His jawbone moment came during a ... [more]