Euro Dollar Currency
Euro bears returned on Wednesday and pushed the pair notably lower, with the pair dropping to an important price level on Thursday. London - The euro slid on Thursday and was testing a strong support around $1.1130 during the morning dealing, with further volatility likely despite an empty macroeconomic calendar. In...
Aviva
Aviva boosted profits and cash generation in the first half of the year despite a challenging market backdrop, enabling the British insurer to raise its interim dividend, sending its shares higher. The company said on Thursday operating profit rose 13 percent to 1.33 billion pounds, helped by a strong performance...
London Stock Exchange FTSE
The stock market in London was only slightly elevated on Thursday, as the Bank of England meets to decide on its rates, while the rest of Europe climbed after earnings. London - Stocks in Europe are moving in the green zone on Thursday, with the UK index trading flat ahead...
Great British Pound Currency
Volatility is expected to be very high once again as the Bank of England decides about monetary policy later in the day. London - Sterling dipped below the $1.33 level during early European trading hours and was seen 0.25% weaker, trading slightly below $1.33, testing a stronger support of $1.3290/80. Later...
RSA
British insurer RSA on Thursday reported record first-half underwriting profits of 119 million pounds and raised its interim dividend by more than 40 percent. RSA has undergone a turnaround under ex-Royal Bank of Scotland boss Stephen Hester, who has streamlined the business to focus on markets in Britain, Ireland, Scandinavia...
Bank of England
The Bank of England is poised to cut interest rates for the first time since 2009 later on Thursday, as Britain's economy teeters on the brink of recession after June's vote to leave the European Union. Although the Bank wrong-footed financial experts three weeks ago by leaving rates unchanged, the...
Asian Shares
The British pound edged lower on Thursday as investors anticipated the Bank of England would cut interest rates to a record low later in the session, while a rebound in oil prices from four-month lows lifted Asian stocks. The sterling slipped 0.1 percent to $1.3301, but remained some distance from...
Oil Commodity
Oil prices slipped after gains earlier on Thursday and the previous day as overproduction and large volumes of unsold crude and ample refined product inventories around the world weighed on markets. U.S. West Texas Intermediate (WTI) crude futures were trading at $40.89 per barrel at 0700 GMT, slightly above their...
Bank Of England
The Bank of England meets today for the second time post Brexit vote, and after failing to deliver in its July meeting, expectations are too high for some sort of easing measures to prevent the economy from falling into a prolonged recession. The central bank will also release its forecast...
UK
All three sectors of the economy contracted at a faster rate in July, according to data compiled by Markit Economics. With the BoE meeting just hours away it adds further pressure for the central bank to provide easing measures. The Service PMI contracted by -4.9pts, its largest monthly drop on...