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 […]
Sterling Surges on US-Europe Trade Deal as Central Banks Hold Steady
Trade relief off the back of The U.S/Europe trade deal has seen Pound Sterling experience it’s biggest daily gain since April. European stock markets as well as The Euro fell […]
Markets Boosted by Last-Minute US-EU Trade Deal
As I write this, news has just broken that the EU and the US have secured a crucial trade agreement, just in the nick of time. To summarise the key […]
Pound Strengthens as EU-US Trade Deal Progresses and ECB Decision Looms
Pound-Euro has been helped further over the past 24 hours as details of a pending trade deal between the U.S & Europe is getting closer to being agreed. Reports suggest […]
Dollar Slips as Trade Deal with Japan Eases Global Uncertainty
The story of this morning is Trump’s announcement of a trade deal with Japan which has relieved concerns of a potential full-blown global trade war. Trump detailed a tariff rate […]
Sterling Struggles Ahead of Summer Slowdown
It was another tough week for Sterling, dropping to around 1.1530 against the Euro and settling near 1.34 against the Dollar, mostly due to disappointing economic data out of the […]
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. […]
Sterling Slips After Weak GDP as Key Data and Trade Tensions Loom
Sterling faced significant headwinds last week, with disappointing UK GDP numbers on Friday causing substantial weakness. GBPEUR slipped from 1.16 to 1.15, while GBPUSD dropped more sharply from 1.36 down […]
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 […]
Fed Minutes Hint at Delayed Cuts as Copper Tariffs Shake Markets
Last night we had The Federal Reserve meeting minutes from June’s meeting where just a few members backed an interest rate cut this month. Although concerns around inflation coupled with […]