GBP Slips as UK Unemployment Rises
There has been activity on markets in the early session of Tuesday. It all commenced at 7am when UK released unemployment rate. Month-on-month we saw an uplift of 0.1% to […]
Weekly Forex Wrap-Up: USD Strengthens Ahead of Key US and UK Economic Data Releases
The end of this week has been quiet when it comes to economic data releases. Even if there hasn’t been much of economic data, we can continue to see the […]
USD Strengthens Ahead of Key U.S. Data Releases
USD has had a strong week against GBP. Jerome Powell spoke earlier in the week and mentioned the importance to measure inflation levels. This was seen as a little more […]
UK Economy Flat in July Ahead of Key Central Bank Meetings
There was no expansion for the UK economy in July seeing it flatlined at 0%. After positive signs in Q2 for the UK economy, expectations where that the second half […]
French Political Turmoil and U.S. Job Data Revisions Stir Market Uncertainty
The political turmoil continues in France after Prime Minister Bayrou lost the vote of confidence. Now meaning that France needs to replace their Prime Minister, maybe they’re becoming used to […]
Retail Sales Data Sparks Uncertainty While US Jobs Report Takes Centre Stage
Delayed UK retail sales that were supposed to be released two weeks back, came out this morning. Initially forecasted at a level of 0.2%, we did see an uplift to […]
Sterling Slides as UK Bond Yields Hit 25-Year Highs
Sterling opens in red to both EUR and USD this morning with mounting concerns for the government and their bond yields. Yield levels reaching its highest level since 1998 of […]
ONS Delay Japan Inflation Falls Powell Speech in Focus
What was supposed to be a morning of UK retail sales, will now take place on the 5th of September. This was announced two days ago, as The Office for […]
Trade Truce Extended, UK Job Market Holds Steady, and US Inflation in Focus
What was supposed to be the final day of the trade truce between the US and China, has now been extended by another 90 days. Markets did see this as […]
Sterling Rises on BoE Split Decision as Tariff Tensions Escalate
It did not come to anyone surprise that Bank of England did lower its interest rate by a quarter of a percent yesterday. Now sitting at a base rate of […]