The Bank of England’s MPC voted unanimously to ensure that UK interest rates remain at 0.75%. The Pound took a 0.5% fall from earlier this morning, currently standing at £1.2865 against the Dollar. Senior economist at Hargreaves Lansdown, Ben Brettell said: “Domestically, a tight labour market means wages are growing at their fastest pace in […]

Brexit uncertainty continues, and the Pound is on the up Yesterday evening, Theresa May’s Brexit plan faced a hefty defeat and did not stir the currency markets as much as was anticipated. Jane Foley, head of foreign exchange strategy at Rabobank said, “Investors look forward to the next event. What they are seeing is no […]

IHS Markit/CIPS reported that in December, growth in the UK’s construction sector was at a three-month low standing below expectations, at 52.8. Economics Associate Director at IHS Markit, Tim Moore, said: “UK construction firms signalled a slowdown in housing and commercial activity growth during December, which more than offset a strong performance for civil engineering […]