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FX round-up: Sterling in 'sea of red' after Tory wobble

FX round-up: Sterling in 'sea of red' after Tory wobble

Mon, 22 May 2017

(ShareCast News) - Sterling was amid a sea of red as Tory-renewed fears of a hard Brexit came to the fore and the party did a U-turn on its so-called 'dementia tax,' all while Labour accelerated in th... [more]

London close: FTSE 100 jabs higher as retail rebounds, sterling weakens

London close: FTSE 100 jabs higher as retail rebounds, sterling weakens

Mon, 22 May 2017

(ShareCast News) - Equities in London went for a jog higher on Monday, helped mostly by rebounding retail stocks and sterling weakness, the latter on the back of UK political turmoil surrounding the e... [more]

Commodities: Oil prices continue to froth on Opec curb hopes

Commodities: Oil prices continue to froth on Opec curb hopes

Mon, 22 May 2017

(ShareCast News) - Crude-oil futures began the week as they left off on Friday, frothing higher on market hopes of Opec extending its output curbs when it meets later this week. At 15:20 BST, Nymex-pr... [more]

Conservatives in humiliating u-turn on 'dementia tax' after criticism

Conservatives in humiliating u-turn on 'dementia tax' after criticism

Mon, 22 May 2017

(ShareCast News) - UK Prime Minister Theresa May's Conservative party has been forced into a humiliating climbdown on a controversial manifesto promise known as the 'dementia tax' following sharp crit... [more]

Buy British, consumer spending will hold up, Barclays says

Buy British, consumer spending will hold up, Barclays says

Mon, 22 May 2017

(ShareCast News) - Domestically-focused UK stocks are unloved and underpriced, but unjustifiably so, analysts at Barclays Research believe, as they predict that recent outperformance by the group will... [more]

Ford CEO Fields to be replaced by firm's autonomous driving chief

Mon, 22 May 2017

(ShareCast News) - Mark Fields will be replaced as chief executive of US auto giant Ford Motor, with the head of the company's autonomous driving unit Jason Hackett taking over the reins, the Detroit ... [more]

House prices are not falling, finds Rightmove

Mon, 22 May 2017

(ShareCast News) - House prices rose for the fifth month in a row in May, according to a new survey that runs counter to recent industry research based on sale completions. Rightmove found that new ho... [more]

UK will pull plug on Brexit talks if EU demands €100bn, Davis says

Mon, 22 May 2017

(ShareCast News) - Brexit minister David Davis has warned that negotiations between the UK and the EU will break down if the bloc stands firm on its demand for a €100bn exit bill. In an interview... [more]

FX round-up: Perky pound takes cheeky Friday stroll higher on dollar

Fri, 19 May 2017

(ShareCast News) - Britain's perky pound went for a cheeky Friday stroll over the psychologically important $1.30 marker thanks to the lingering political storm surround US President Donald Trump. At ... [more]

London close: FTSE ties on positive resources-led Friday

Fri, 19 May 2017

(ShareCast News) - Stocks in London tied on a positive Friday performance thanks to gains in resources behemoths and after better-than-expected UK manufacturing data, continuing its rebound after the ... [more]

Commodities: Crude bubbles higher on hopes Opec will extend output curbs next week

Fri, 19 May 2017

(ShareCast News) - Crude-oil futures bubbled their way to roughly month highs on hopes that Opec will extend its output curbs when it meets next week in Vienna. Oil prices have enjoyed upticks in rece... [more]

CBI industrial survey finds strong output growth

Fri, 19 May 2017

(ShareCast News) - UK manufacturing output in the three months to May was much stronger than expected, according to a Confederation of British Industry survey published on Friday. Driven by faster gro... [more]

Consumers concerned about post-Brexit price hikes, survey shows

Fri, 19 May 2017

(ShareCast News) - A large majority of UK consumers are worried about the rising cost of household items in the aftermath of upcoming Brexit negotiations, a new survey has found. With Britain's econom... [more]

UK April retail sales rise 2.3%

Thu, 18 May 2017

(ShareCast News) - UK April retail sales rose by an above expected by 2.3% compared to a 1.4% fall in March, the Office for National Statistics said. The march figure was revised up from an initial es... [more]

UK equilibrium rate of unemployment may lie well below 4.5%

Wed, 17 May 2017

(ShareCast News) - There is no revival in pay growth on the horizon, contrary to expectations from other economists, including those on the Monetary Policy Committee, Oxford Economics said. According ... [more]

Ikea to open three new UK stores, creating 1,300 jobs

Wed, 17 May 2017

(ShareCast News) - Swedish furniture giant Ikea will open three new stores in the UK by the end of next year, creating 1,300 new jobs by the end of 2018. The stores will be set up in Sheffield, Exeter... [more]

UK wage growth slows to increase squeeze on consumers

Wed, 17 May 2017

(ShareCast News) - Although the UK unemployment rate fell to its lowest since 1975, weekly wage growth slowed to heap further pressure on consumers already battling with rising inflation. The unemploy... [more]

UK household finances remain squeezed by inflation

Wed, 17 May 2017

(ShareCast News) - Household finances in the UK remain under the greatest pressure since mid-2014 amid rising inflation, according to a survey released on Wednesday. IHS Markit's Household Finance Ind... [more]

FX round-up: Sterling mostly lower after consensus-beating CPI rise

Tue, 16 May 2017

(ShareCast News) - Sterling ended up mostly lower on key crosses Tuesday, but up on the US dollar, in the aftermath of a higher-than-expected print on UK inflation for April. UK's consumer-price index... [more]

London close: FTSE barges higher after CPI, with consumer goods, miners leading

Tue, 16 May 2017

(ShareCast News) - Stocks in London barged higher in the aftermath of an unanticipated rise in UK inflation, with consumer-sector and mining equities prominent at the top end of the blue-chip ladder. ... [more]

Commodities: Crude trots higher on continued curb-extension hopes ahead of API data

Tue, 16 May 2017

(ShareCast News) - Crude-oil futures continued to trot higher on continued hopes that Opec-led production curbs will last into 2018, but investors have a wary eye on two sets of US inventories data du... [more]

Land Registry confirms UK house prices falling

Tue, 16 May 2017

(ShareCast News) - UK house prices are falling, official data confirmed on Tuesday, and are likely to continue doing as the housing market is hit by a softening consumer environment and sterling volat... [more]

German investor sentiment picks up less than expected in May - ZEW

Tue, 16 May 2017

(ShareCast News) - German economic sentiment improved less than expected in May, according to the latest survey from the ZEW Center for European Economic Research in Mannheim. The index of economic se... [more]

CPI inflation spikes to highest rate since 2013

Tue, 16 May 2017

(ShareCast News) - UK inflation is spiking higher than expected, with official data on Tuesday showing consumer prices rising well above the Bank of England's 2% target and at their fastest in three a... [more]

FX round-up: Sterling manages minor gains on dollar, constrained by Brexit concerns

Mon, 15 May 2017

(ShareCast News) - Sterling managed minor gains against the US dollar on Monday, these likely constrained longer term by Brexit concerns, but faltered against a basket of commodity currencies. At abou... [more]