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, […]
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 […]
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 Inflation Sparks Mixed Market Response as Sterling Wavers
Since the UK’s inflation release yesterday, The Pound has had mixed reactions against both EUR & USD. Usually stronger than expected inflation would see the currency strengthen as it incentivises […]
Market Update
The spread of the coronavirus and the extreme measures taken to control the pandemic have wrought havoc in financial markets worldwide. In currency markets, the reaction has been a headlong […]
Pound Soars After Cabinet Reshuffle
British Prime Minister forced the resignation of Sajid Javid as finance minister on Thursday after Javid refused to sack his advisers and replace them with officials from Johnson’s Downing Street […]
Sterling Predictions
Sterling would rally substantially if Britain leaves the European Union with a deal but weaken further if no we leave without. After suffering its biggest loss against the euro in […]
UK Manufacturing Boosts Economy
Britain’s economy got a sharp one-off boost in the first three months of 2019, official figures showed this morning, as manufacturers rushed to deliver orders before a Brexit that never […]
UK pay growth lags behind Inflation
Sterling got only a temporary boost from data showing British wage growth edged above forecasts this morning, rising briefly against the dollar before dropping off again. British pay growth has […]
Sterling hits 15 month high vs US Dollar
Sterling hit a 15-month high against the dollar today before retreating a notch as investors wound back some of last week’s bets on a Bank of England rate rise ahead […]