The UK Economy

Bank of Scotland research reports PMI grows by two points. The second quarter started brightly for private sector firms north of the border, with latest PMI data from Bank of Scotland showing faster increases in both business activity and new work. Companies responded by creating more jobs, with employment rising at the fastest pace in […]

Whilst inflation is set to fall economic recovery remains “weak”. The outgoing governor of the Bank of England, Sir Mervyn King, has argued that the UK will reach its target of 2% inflation within two years, an improvement on the predicted 2.4% inflation level predicted in February. Announcing the Bank’s latest inflation report Sir Mervyn […]

The cable has had a very bearish days, and it is quite possible that we may see stronger falls in the medium term for this pair, if the bearish continuation patterns are completed in the technical analysis. The GBPUSD is trying to break the support at the 1.5197level; that level has shown a lot of […]

Current Accounts to be backed by the exchange listed Bank of Ireland The Post Office has launched three new current accounts it argues offers “customers choice, good value, fair and transparent products with no hidden charges and access to the largest branch network in the UK”. The introduction of the Post Office current account, in […]

British Gas owners cite “result of the unusual period of extended cold weather” Centrica have argued that “as a result of the unusual period of extended cold weather, average residential gas consumption was 18% higher in the first four months of 2013 than in the same period in 2012”. Announced in the company’s Interim Management […]

Yet another hurdle cleared this week as the UK flagship index went on to make a decisive breach of 6,600. The bulls are loving it, already eyeing up the pre-crisis highs of 6,760 and then even those of 6,940 before the dot.com bust. What has taken the FTSE up another 100 points during this shortened […]

Profit up 2% on previous year BT have announced an annual profit of £2.5bn for the year up until 31 March, but said that revenue had fallen by 5% to £18bn. Commenting on the results Ian Livingstone, BT’s Chief Exectuive, argued that the results showed that the company had “a lot more to do but […]

Yesterday’s session was very bearish for the GBPUSD, approaching significant levels in the development of the general trend of this pair. The GBPUSD is trying to touch the support level at 1.5400, a very important in this pair, considering that in earlier days, the GBPUSD had difficulty to break this level and go higher. If […]

We’re only at midweek, but traders are celebrating on selling floors around the world as the leading indexes continue to rise to lofty and, in some cases, record highs. The Footsie 100 closed up 35.8 points yesterday to reach its highest point since December 2007.  The Nikkei Index broke past the 14,000 mark to 14,180 […]

The GBPUSD has found strong resistance at the psychological level of 1.56, slowing its upward trend in the medium term. ¿Will this pair take up strength to continue in the bullish road or will begin a new bearish road? Just like that as I had said in previous articles, the GBPUSD quite possibly, would find […]