Dollar Slightly Recovers


Dollar Slightly Recovers

The dollar recovered this morning after suffering some brief losses overnight with traders focusing on relatively confident comments from Fed Chair Jerome Powell on the economy’s outlook. The greenback took a beating after a surprisingly sharp retreat in the ISM index of manufacturing to 52.8 and downgrades of the U.S. inflation outlook prompted investors to […]

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Positive Brexit Talks Boost GBP

Sterling rose above $1.30, hitting a two-week high, after media reports that the tone of Brexit talks between the British government and the main opposition party had improved. Prime Minister Theresa May is seeking a consensus with Labour to get a Brexit deal approved and wants talks to reach a conclusion by the middle of […]

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US Dollar Could Strengthen This Week

The dollar fell against most currencies yesterday, slipping further from a 23-month high, as traders await more data to convince them whether to add to their bullish positions in the greenback. Most major currencies held in tight ranges on light trading volume as Japan began its extended Golden Week holiday. China will observe its Labor […]

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Bad Week For The Pound

Over the last week we have seen the Pound weaken (Due to thin liquidity in the markets after the bank holiday) and the U.S Dollar strengthen due to strong data and economic outlook in the U.S. It seems that many analysts have misunderstood the Fed, in my opinion, it is now highly likely that the […]

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Dollar Strength Set To Continue

Sterling, which has been hurt this week by dollar strength, also the negotiations between the conservative party and labour to reach a compromise on Brexit look to have stalled and it looks ever more likely that the UK will have to participate in the May EU elections. The euro hovered near 22-month lows this morning […]

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Brexit Volatility Expected To Continue This Week

Sterling is below $1.30 this morning as Britain’s parliament returned from its Easter break and the ruling Conservative party tried to move talks forward with the opposition Labour party over a Brexit agreement. Volatility in sterling has fallen sharply in recent weeks after the European Union and London agreed to delay Britain’s departure date by […]

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UK Inflation Stays Unchanged

Sterling has continued to fall after a newspaper reported that Brexit talks between Prime Minister Theresa May’s government and the opposition Labour Party were stalling. The report was subsequently dismissed by a Labour Party spokesman, but the pound held near the lows despite robust jobs data yesterday morning. In currency derivative markets, expectations for volatility […]

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UK Pay Growth Rises

British workers’ pay grew at its joint fastest pace in over a decade, fuelled by further job creation, adding to suggestions that Brexit uncertainty is prompting firms to hire workers rather than make longer-term investment in equipment. Total earnings, including bonuses, rose by an annual 3.5 percent in the three months to February, the Office […]

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Pound Gains Against USD

The British pound rose back towards $1.31 today, although trading was quiet in the absence of any significant Brexit-related developments as the Conservative and opposition Labour parties continue their talks. Volatility in the pound has collapsed since European Union leaders and the British government last week announced Brexit would be delayed for up to six […]

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EU Will Grant Extension

The European Union will grant Prime Minister Theresa May a second delay to Brexit at an emergency summit today, but the EU leaders are likely to demand she accepts a longer extension with conditions. In a sign of just how far the Brexit crisis has sapped British power, May dashed to Berlin and Paris on […]

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