Bulletin

Sterling soars on rate rise prospect

The pound rose to a seven-month high against the US dollar yesterday as investors bet on an early rise in UK interest rates. The rally came as the Office for National Statistics said retail sales rose by 0.6% in the three months from March to May – the 27th increase in a row. The upbeat data came a day after the ONS said wages are climbing at the fastest rate for six years. Chris Williamson, chief economist at Markit, said the latest data adds to the likelihood of interest rates rising later this year rather being delayed until 2016.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

The UK’s aerospace industry is the focus of our second quarterly bulletin in partnership with EEF, the manufacturer’s organisation. We take…

Where Next?