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Sterling actually made some muted gains
20 April, 2018
Simon Eastman
Sterling actually made some muted gains across its major pairs yesterday deposit retail sales falling flat. With all the bad weather we had over the first quarter of the year, it’s not a surprise that the retail sales were expected to be down from the month before. Things were actually much worse than forecast though […]
Read moreWeaker Sterling on weaker inflation
19 April, 2018
Pratheep Prabaharan
Sterling has weakened against the Euro after its 10 months high falling back below 1.15. UK inflation data was weaker than predicted at 2.5% against an expected 2.7% causing the pound to drop against all major currencies. We expect the Central Bank to raise interest rates by 0.25% at the next meeting in May but […]
Read moreUK Inflation key for GBP performance
18 April, 2018
Rob Bastin
Tuesday’s trading kicked off the busy few days for the pound with the first important data releases for the week. Uk unemployment produced a mixed bag of results with the headline rate positively dropping from 4.3% to 4.2%, but claimant count change was more than double expectations of 5k with a result of 11.6k. Of […]
Read moreSterling continues to hold strong
17 April, 2018
Grace Rae
Yesterday was relatively quiet in terms of data with the focus being only on the US who posted an array of stats over the afternoons trading causing no huge surprises. The main release of Retail Sales showed an improvement from last month figures. Retail Sales rose to 0.6% posting 0.2% better than markets predicted but […]
Read morePound breaks one year highs
16 April, 2018
Nakhil Mahra
Pound breaks one year highs Last week was a good week for Sterling, breaking key resistance levels against the Euro and hitting levels last seen in May 2017, more importantly closing last week at these levels is a positive sign for Sterling against the single currency. These gains were mainly supported by below average Euro […]
Read moreGBP makes gains against Euro and USD – Time to Bank or Bust?
13 April, 2018
Matthew Boyle
Yesterday was a good day for the Pound as weak Euro industrial data combined with a currently weak USD allowed it to make gains. At present we are sat at peak levels against the single currency, going back to May 2017 and against the Dollar going back to June 2016. This is welcomed by many, […]
Read moreStable rates but for how long?
12 April, 2018
Paul Newfield
Yesterday Wednesday actually saw some movement in the GBP-EUR rates, as the pound lost nearly a half-cent against the single currency and the USD between 8 am and 12 pm, before correcting back up during the afternoon’s trading. The reason for the slump was UK manufacturing and industrial production figures came in well below expectation. […]
Read moreSterling still strong but may not be for long
10 April, 2018
Pratheep Prabaharan
The week started quietly yesterday with little data out across the major economic zones and as such little in the way of market movement for any of the major currencies. The market is quite stable as a result, with GBPEUR and GBPUSD both very rangebound just below recent highs. Again, there is not any critical […]
Read moreNon farm payrolls sends USD lower
9 April, 2018
Robin Haynes
Friday’s main economic data came in the form of non-farm payrolls in the USA, the main monthly labour market measure taking into account seasonal adjustments for agriculture. Markets expected the American economy to have created 193,000 jobs in March, so the announcement of only 103,000, sent the US Dollar lower on foreign exchange markets – […]
Read morePound struggled yesterday after some poor Eco Stat readings
6 April, 2018
Simon Eastman
After a quiet start to the trading month, we saw the pound struggle yesterday after some poor eco stat readings. We saw Markit services PMI figures released across Europe and the UK in the morning which all came out lower than expected, with the UK dropping to 51.7 from 54, showing the lowest level of […]
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- Sterling actually made some muted gains 20 April, 2018
- Weaker Sterling on weaker inflation 19 April, 2018
- UK Inflation key for GBP performance 18 April, 2018
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