Eurozone PMI Rebounds as UK Services Contract Ahead of BoE Rate Decision
A bundle of basket for PMI services were released this morning from the Euro zone. An overall uplift for the Euro zone to its previous month, seeing an improved performance […]
UK Retail Sales Rebound Falls Short, GBP/EUR Hits 3-Month Low
After UK retail sales backlash in May of -2.8%, we did see an uplift for June. Month-on-month grew by 0.9%, short of its forecast of 1.2%. The warm weather had […]
Inflation Eases in Japan and Germany as US Housing Data Awaits
After a week seeing GBP in red since the start of Monday, we have now reached Friday. The Friday session started off with core inflation and inflation rate for Japan. […]
UK GDP Contracts Again: Pressure Mounts on BoE as Growth Falters
We noticed a second consecutive contraction for economic growth in the UK this morning. After a sharp fall back in April of -0.3%, forecast suggested an uplift of 0.1% in […]
UK Housing Prices Fall While GBP Strengthens Amid Mixed Global Signals
UK housing prices fell by 0.8% in June, its largest drop in two years. Experts within the market did calm down speculations concerning the movement for the UK housing market. […]
USD Under Pressure as EUR and GBP Approach 4-Year Highs
It’s been a volatile week for the currency markets, especially for USD-pairs. With a combination of economic data and geopolitical risks have shifted the USD against EUR and GBP into […]
GBP Slides as UK Labour Market Weakens and Recession Fears Grow
Tuesday morning started off in red for GBP against both EUR and USD, after average earnings and unemployment figures were released. An indication in the wrong direction for both indices, […]
Geopolitical Tensions and Rate Cut Expectations Weigh on AUD Ahead of Key Eurozone and US Data
The Australian dollar faced notable pressure following the latest Reserve Bank of Australia (RBA) meeting minutes, which revealed a shift in forward guidance. Concerns surrounding ongoing US–China tariff discussions added […]
Markets Eye Core PCE and Spending Data for Economic Clues
This afternoon’s focus will be on a series of key US economic indicators, starting with the Core PCE Price Index and Personal Consumption Expenditure (PCE) – the Federal Reserve’s preferred […]
UK GDP Beats Forecasts, Shifting Market Focus to Key US Data
UK economic data released this morning showed that GDP grew by 0.7% in Q1—marking a sharp rebound from the previous quarter’s 0.1% increase and exceeding expectations of a 0.6% rise. […]