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 […]
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 […]
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 […]
Sterling Holds Firm While Euro Struggles Amid Global Uncertainty
This week is set to be another volatile one in the financial markets. Following the recent passage of President Trump’s significant tax bill, markets now find themselves in an intriguing […]
Sterling Slips Amid UK Economic Uncertainty & Market Focus on US Jobs Data
Pound Sterling has fallen against both the Euro and US Dollar over the past 24 hours as markets have digested what seems to be a lack of confidence from investors […]
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 […]
Dollar Hits 3-Year Low Amid Trump vs. Powell Rate Clash
The US Dollar has slipped to more than a 3-year low as Donald Trump has doubled down on his calls for lower interest rates, criticising Fed Chairman Jerome Powell in […]