Pound v US dollar: GBP reclaims pre-election levels after BoE hints at rate hike


GBP/USD has now risen above its pre-election levels to trade at US$1.297 this morning, after yesterday’s comments from the Bank of England (BoE) Governor. Mr Carney’s statement was riddled with caveats, but markets were excited when he said: “Some removal of monetary stimulus is likely to become necessary if the trade-off facing the MPC continues More...

by admin | Published 3 hours ago
By admin On Wednesday, June 28th, 2017

BREAKING: Tesco axes 1,200 jobs amid desperate bid to cut costs

The grocer is cutting around one in four people from its head office in Welwyn Garden City and Hatfield, with affected staff told of the cull on Wednesday morning. It is the latest stage in a huge £1.5billion More...

By admin On Tuesday, June 27th, 2017

Rio Tinto backs bid from Chinese-backed Yancoal for its coal mines

Glencore raised its cash offer for Coal & Allied on Friday, with Yancoal responding by upping its deal from $2.45billion to $2.69billion.  Rio argued the Yancol deal offered a faster and more certain timetable, More...

By admin On Monday, June 26th, 2017

Tenant fees ARE a rip-off, says letting agent that welcomes ban

Hefty charges on renters will soon be banned in a bid to relieve the pressure on people who don’t own their home, it was confirmed in the Queen’s Speech. Many agents currently charge hundreds of More...

By admin On Sunday, June 25th, 2017

Online shopping: How to tackle parcel delivery problems

Two out of three people who have shopped online over the last year suffered from lost or damaged parcels and late deliveries, according to new research by Citizens Advice.  All too often those who paid extra More...

By admin On Saturday, June 24th, 2017

Gold price forecast: Gulf crisis and weak dollar set to boost precious metal

Investors have flocked to the precious metal over the past week, as the Gulf Crisis sees the rifts between Middle East countries growing. The weakened dollar has also heaped provide values with a lift. Gold More...

By admin On Friday, June 23rd, 2017

‘CANCER care has let us down’ Family's battle with NHS treatment funding

The couple cite a mix of budget and regional restrictions, inconsistent processing and assessments together with scant information.   This has driven them to seek donations to pay privately for the treatment More...

By admin On Thursday, June 22nd, 2017

Brexit strength: Factory orders hit highest level in 30 years amid export boom

Soaring demand for UK goods from overseas helped drive factory orders to a 30-year high in June, according to a monthly survey by the Confederation of British Industry (CBI). Export order growth was its strongest More...

By admin On Wednesday, June 21st, 2017

Mark Carney WRONG about Britain's economy and UK interest rates, says top BoE economist

Andy Haldane raised expectations a hike could happen this year after he told an audience in Bradford he could soon change his position on the rate setting committee from hold to rise. The Bank’s top economist More...

By admin On Tuesday, June 20th, 2017

Banking giant HSBC to create 500 jobs in Scotland

It is creating roles in its global risk business, which was established in Edinburgh in 2015, and its centre of excellence for customer contact in Hamilton, South Lanarkshire.  The recruitment drive will also More...