Philip Hammond — News Archive


British Pound Moves Higher on UK’s Fiscal Stimulus Plans

The British pound enjoyed a positive push on Wednesday following the UK’s Autumn Statement. Chancellor Philip Hammond gave the statement earlier today, during which he spoke about increasing productivity to create better living standards for workers.

British Pound Reverses Yesterday’s Gains Ahead of Hammond’s Statement

The British pound came under pressure on Tuesday as currency traders had an increased demand for shelter assets to reduce their exposure to sudden movements in the pound’s exchange rate.