RBA Stays Cautious as US Data Takes Focus
Tuesday set off with Reserve Bank of Australia’s meeting. RBA decided recently to leave rates on hold, currently sitting at a level of 4.35%. From its meeting, the members leaned […]
Dollar Weakness Drives Sterling Higher as Jackson Hole Takes Centre Stage
The US Dollar came under sustained pressure this week, helping GBP/USD climb to its highest level since February and pushing GBP/AED as high as 5.0200. As the UAE Dirham is pegged to […]
Dollar Slips as Hormuz Deal Hopes Lift Market Sentiment
Growing optimism over an interim agreement to reopen the Strait of Hormuz has led to Dollar weakness overnight, easing concerns to inflation worries globally. In light of this, we have […]
Markets Test Central Bank Resolve
For much of this year, investors have been trying to answer one question: have central banks finished tightening monetary policy? Last week, we moved one step closer to an answer. […]
Pound in Focus as Bank of England Decision Looms
The Federal Reserve’s meeting last night saw them keep their rates unchanged as was expected, however off the back of the meeting we saw the Dollar have its worst day […]
Strong UK Retail Sales Overshadowed by Global Risks
UK retail sales increased by 1% month-on-month in June, crushing its expectation of 0.3% decline. The strong figures mainly coming from a robust demand in sporting merchandise, clothing, outdoor products, […]
ECB Rate Decision Takes Centre Stage as Energy Prices Climb
All attention today will be on The European Central Banks interest rate decision later this afternoon as The Euro hovers around a one-week high against The Dollar. Further strikes overnight […]
Sterling Weakens as UK Inflation Misses Expectations
Sterling remains under pressure this morning after the latest UK inflation figures came in slightly weaker than expected, reinforcing the view that the Bank of England is unlikely to rush […]
Politics Takes Centre Stage as Markets Face a Pivotal Week
Markets begin the week digesting two major political developments that are likely to influence sentiment over the coming days. Internationally, the conflict between the United States and Iran has escalated […]
Dollar Steady Despite Softer U.S. Inflation
Yesterday’s U.S Inflation report came in softer than expected, with figures dropping from 4.2% to 3.5% when including food and energy, and figures excluding food and energy dropping from 2.9% […]