Quarter-End, Geopolitics, NFP: The Perfect Storm
Markets opened this week against a backdrop of significant geopolitical escalation. Over the weekend, reports confirmed coordinated strikes on Iranian targets, followed by retaliatory activity across parts of the Gulf […]
Dollar Volatility Dominates as Key Data and Central Banks Take Focus
Last week was one of the most volatile we have seen so far this year, driven largely by sharp and widespread US Dollar weakness. GBP/USD surged from 1.34 to 1.38 […]
UK Economic Growth Slips as GDP Contracts in October
UK economy growth (GDP) decreased in October. Forecasting suggested an uplift of 0.1%, in reality we saw it shrink by -0.1%. The disappointing figures month-on-month was likely a held back […]
Dollar Dips as Powell Signals Further Rate Cuts Ahead
Jerome Powell’s comments yesterday have seen The US Dollar retreat slightly as bets climbed in favour of further interest rate cuts. Markets are currently pricing in a 25 basis-point cut […]
Bank of England Holds Rates as Economic Pressures Mount
The Bank of England held interest rates steady at 4.25% during its policy meeting yesterday but signalled a growing appetite for easing in the near term. Notably, three members of […]
UK Inflation Falls Again as Rate Cut Odds Soar – Pound Defies Expectations
UK Inflation has surprisingly fallen for the second month in a row, as figures released this morning showed prices are rising at the slowest pace in 4 months. It’s a […]
GBP Recovers Modestly as BoE Signals Caution on Rate Cuts
Yesterday we did see a modest recovery for GBP to the EUR after Bank of England’s interest rate meeting. The banks spokesmen stated that ‘‘there was no presumption that monetary […]
Market Uncertainty Rises as Trump Comments Shake the US Dollar & BoE Rate Decision Looms
The US Dollar has been trumped by Donald Trump after his disruptive comments following The Federal Reserve’s rate decision saw Cable float around the 1.30 area. Donald Trump stated that […]
ECB Rate Cut Confirmed, USD Weakens Ahead of Key U.S. Jobs Data
ECB (European central bank) lowered their interest rates levels by 25 basis points yesterday down to a base rate of 2.5%. This did not come as a surprise, as markets […]
BoE officials dial down interest rate cuts
The message sent from Bank of England officials recently of dialling down its monetary policy (interest rate cuts) could well have been confirmed this morning. We saw UK inflation rise […]