UK Market News
Posted By: John Shepherd
John Shepherd

John is an accomplished journalist who works on a full time basis with UK Market News, his focus is on breaking news stories and ensuring we offer timely reporting on some of the latest stories hitting market wires.

Saudi Aramco

State oil firm Saudi Aramco on Monday informed Egyptian authorities that it would be stopping shipments of petroleum products to Egypt “until further notice”, Egyptian Oil Minister Tarek El-Molla said forcing the country to purchase...

By John Shepherd on Nov 7th, 2016

The Chinese yuan faced its biggest loss in a month when the central bank pushed back its reference rate of the currency and the dollar surged. The onshore exchange rate went down to 6.7764 per dollar, down 0.33 percent by 6:14 p.m. in local...

By John Shepherd on Nov 7th, 2016
U.S. Imports

The U.S. trade deficit dropped to a one and a half year low in September as exports rose however slumping imports identified slowing domestic demand. The Commerce Department said that the trade gap had been reduced by 9.9 percent to $36.4 billion,...

By John Shepherd on Nov 4th, 2016
Monetary Policy Committee Room

In a surprise turn for markets, the Bank of England said on Thursday that it was unlikely to further reduce interest rates after it believes the U.K.’s decision to leave the European Union will have less of an effect than they expected in...

By John Shepherd on Nov 3rd, 2016
Egyptian Currency

After weeks of turmoil, in a move to rebalance currency markets, the Egyptian central bank has allowed the Egyptian pound to float on Thursday devaluing by 32.3 percent to a primary guidance level of 13 pounds to the U.S. dollar. A scarcity...

By John Shepherd on Nov 3rd, 2016
Haruhiko Kuroda

On Tuesday, the Bank of Japan dropped its inflation forecasts after a ream of poor data whilst also holding off from increasing stimulus policy, an indication that Gov. Haruhiko Kuroda may be looking at more significant changes. Following a...

By John Shepherd on Nov 1st, 2016
U.S. Consumer Spending

According to a report from the U.S. Commerce Department, the country’s economy expanded in the last quarter at an annual rate of 2.9 percent continuing its bullish outlook from consumers as well as increased trade performance along with increased...

By John Shepherd on Oct 31st, 2016
Mark Carney

Prime Minister Theresa May has said that Mark Carney is still the best choice of governor at the Bank of England and she supports his role until 2021. The remarks came as Carney is being forced to clarify his intentions on whether he wishes...

By John Shepherd on Oct 31st, 2016

Celgene Corp, the U.S. biotechnology company reported on Thursday third-quarter results which were ahead of analysts expectations due to strong demand for its myeloma drug Revlimid. Celgene’s shares rose about 3 percent to $101.60 in...

By John Shepherd on Oct 27th, 2016
French Consumers

Survey data released by the statistic office Insee showed that French consumer confidence improved in October. The consumer sentiment index increase by one point to 98 in October from 97 in September. Earlier in May this year the reading hit...

By John Shepherd on Oct 26th, 2016