Analysts at Bank of America see more risk of the UK falling into a recession than not, according to a recent economic update, analysing the data released since the referendum vote.

July 21,2016

Sterling took a hit on Thursday after Retail Sales data showed a contraction in activity in June.

July 21,2016

The GBP/USD rate has moderated after previously showing bullish potential. It now remains range-bound after positive Inflation data from the UK was matched by Strong US Building Permits on Tuesday.

July 20,2016

The pound is in a range as traders await UK July PMI data on Friday, which will show the extent that Brexit has impacted on the economy in July.

July 20,2016

The charts are showing the GBP/USD pair in a range. The US dollar may have gained a marginal regenerative pulse after Building Permits surprised to the upside on Tuesday but the data release did not lead to any major moves.

July 20,2016

The GBP/EUR pair rose to the top of its current sideways range on Wednesday after the release of positive UK jobs data gave it a lift. The European Central Bank rate meeting on Thursday and UK July PMI’s on Friday are the highlights of the week ahead for this pair

July 20,2016