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 […]
Turbulent Week for Currencies as Key Events Approach
Last week brought more turbulence to currency markets, with the Bank of England’s decision to cut interest rates delivering an unexpected short-term boost to Sterling. The move was widely anticipated, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]