Market Update
Last week was very encouraging for Sterling bulls with GBPEUR rising above 1.17 and GBPUSD rising above 1.29. Retail sales coming in strong on Friday closed off the week perfectly […]
Market Update
UK Inflation has jumped back above 2% as expected, however it hasn’t climbed as much with headline numbers showing inflation at 2.2%. The dilemma facing the Bank of England over […]
Market Update
GBP saw a sign of relief in Tuesday’s morning session after the UK unemployment rate saw a decrease in June down to 4.2%. Even if there were signs of positive […]
Market Update
The Australian Dollar has strengthened overnight against a number of currencies after Reserve Bank Governor Michele Bullock stated that central bank wouldn’t hesitate to hike interest rates again if inflation […]
Market Update
Despite some buoyant UK data releases yesterday, in the construction surveys and more importantly British Retail Sales last month, it has done little to help The Pound as this morning […]
Market Update
Since end of last week GBP has lost battles against its peers, noticing big losses against both the EUR and USD. Yesterday and in this morning session, we have seen […]
Market Update
Last week ended in a pretty explosive way after fewer jobs were added in the U.S than expected last month. Unemployment rose to 4.3%- essentially showing that the Fed has […]
Market Update
BOJ (Bank of Japan) raised interest rates for its second time of 2024, first one taking place back in March. Economically it’s a very different situation to the likes of […]
Market Update
Pound Sterling has suffered more losses this morning against major currency pairs, as it now looks increasingly likely that an Interest Rate cut by the Bank of England will be […]
Market Update
Yesterday witnessed GBP poorest daily performance against the EUR since back in April. Recent earning reports across the globe, including UK entities – has shown a slow down in performance […]