BoE Holds at 3.75% but Signals Rate Hikes Ahead as Iran Conflict Fuels Inflation Risk
The Bank of England has maintained the base interest rate at 3.75%, though it issued a firm warning that hikes are looming. The primary driver for this hawkish shift is the […]
UK Retail Sales Beat Forecasts as Fuel Demand Drives Growth
UK retail sales rose in March by 0.7%. Numbers came in a lot higher than its forecast of a 0.1% increase, after February showed numbers in red and a downfall […]
US Inflation in Focus as Markets Brace for Potential Surge
The end of the week brings a bundle of economic releases in the US with inflation readings. With both inflation rate and CPI (consumer price index) being released, markets might […]
GBP Holds Firm Despite Retail Sales Dip and Ongoing Middle East Tensions
UK retail sales contracted by -0.4% month-on-month but GBP is for now holding strong against its peers. Forecasted suggested a contraction of -0.7% from its previous number of 2%, indicating […]
Middle East Tensions Ease as Markets Await Key UK PMI Data
Markets are currently navigating a complex “wait-and-see” period, as traders balance the surge in geopolitical headlines versus critical macroeconomic data. The primary driver of recent volatility has still been the […]
Oil Price Surge Sparks Volatility Across Currency Markets
Yesterday and over the night we have seen attacks on oil and gas infrastructure across the Middle East. Brent crude oil spiked to $105 on Tuesday morning following the attacks. […]
Dollar Strengthens as Oil Prices and Geopolitical Tensions Rise
Markets end the week with the U.S. Dollar remaining firmly supported as geopolitical tensions in the Middle East continue to dominate sentiment. Rising oil prices and disruption to shipping through […]
Dollar Strength Continues as Oil and Gas Prices Climb
Tuesday was not full stacked with economic data, it did not stop markets from being active. We can see continuing strength from safe haven currencies, particularly the USD. The escalation […]
EU Inflation Holds Steady as Energy Shock Clouds Rate Outlook
Preliminary inflation rate will be released from the European Union today. Forecasting is that core inflation will be unchanged at 2.2% from its previous month. The outlook is looking similar […]
EU Inflation Signals Ahead of Key US PPI Release
Throughout this morning session we have preliminary inflation readings from a few different EU countries. Even if its not the final data release, this tends to give us an indication […]