A host of data has failed to inspire, and the British Pound ended the week down against both the US Dollar and the Euro after failing to capitalize on the political woes facing both the Greenback and the European single currency.
The latest Confederation of British Industry (CBI) industrial trends survey revealed British order books are booming, despite Project Fear claiming the economy would implode if the Leave camp won the EU referendum.
RICS said that house price growth was slightly more broad-based in January after slowing in December (spells of festive-season torpor are entirely usual in the UK housing market). However, prime central London property registered an 11thstraight ...
The Pound was clearly the worst immediate casualty of the Brexit vote shock back in June. Back then GBP/USD fell from the 1.50 level down to 1.27 in short order and continued to meander lower, reaching the 1.20 area by October.