Bank of England cut growth forecast

Brexit negotiations initially got off to a shaky start as it seemed that British cabinet ministers were unable to reach an agreement on the best course of actions and the government also seemed at war with itself over the divorce terms.

Brexit deal in tatters

The ongoing and tense negotiations have led to a broad agreement by the UK to a gross financial settlement of £89bn on leaving the bloc, although the British expect the final net bill to be half as much. The news brings the two sides close to agreement on a key obstacle to opening talks on a future free trade pact.

The ongoing and tense negotiations have led to a broad agreement by the UK to a gross financial settlement of £89bn on leaving the bloc, although the British expect the final net bill to be half as much. The news brings the two sides close to...

The Bank of England raised interest rates for the first time in more than 10 years on this month, however the pound was sold off after the central bank said it expected only “very gradual” rate increases as Britain prepares to leave the European...

Sterling rallied mid-last month after Bank of England Governor Mark Carney reiterated the central bank’s new view that interest rates are likely to rise in the coming months at the IMF’s headquarters on Washington. 

All eyes were on Britain’s election at the start of the month with many polls predicting a wide range of outcomes - from a slim majority for the Conservatives to a hung parliament. In addition, forecasts for UK economic growth were optimistic...

Sterling surged over 2% percent against the Dollar and hit it’s highest levels since mid-December on 18th April, after British Prime Minister Theresa May surprised markets by calling an early parliamentary election for the 8th June.

Last week British Prime Minister Theresa May triggered Article 50 of the EU's Lisbon Treaty with a formal notification of Britain's intent to leave the bloc on this afternoon, kicking off a two-year period of exit talks. Most analysts said the...

Early on this month the number of jobs added to US non-farm payrolls in January soared to 227,000, Economists had expected a rise of 175,000 jobs during the last month, but the measure instead jumped to its highest point since July. However...

Manufacturing in the Eurozone started 2017 with a bang yesterday after figures showed the biggest ramp-up in production across the bloc for five years.The purchasing managers’ index (PMI) data for Eurozone factories reached 54.9, comfortably...

2016 will forever be remembered for the impact political unrest has had on the currency markets. Businesses involved in Foreign Exchange have all been impacted by the UK’s decision to leave the EU. A controversial celebrity being elected as...


to the free, weekly Asian Voice email newsletter