Market Update
The pound held near lows last seen in 2020 against a strong dollar, as risk assets like the British currency remained under pressure on concerns over the impact of the […]
Market Update
Last week’s economic releases were fairly quiet up until Thursday when we heard from all three major central banks (the Fed, BoE & ECB) speaking all within the space of […]
Market Update
The British pound tumbled this morning, following data that showed slumping retail sales and record-low confidence as high inflation has cut into consumer spending. Retail sales volumes slid 1.4% from […]
Market Update
Interest Rate raises are the topic of conversation at the minute with a focus on The European Central Bank & The Fed Reserve. ECB Governing Council Member Martins Kazaks commented […]
Market Update
Last week hosted an eventful week from FOMC members with speeches shifting markets lower and fulfilling trader’s bets of an aggressive Fed tightening program. It is clear from the Fed’s […]
Market Update
The Federal Reserve released their meeting minutes for March yesterday evening, paving the way for USD strength with comments in the report seemingly teeing up a 50 bps hike on […]
Market Update
To start the morning off Q4 GDP YoY for the UK came in at 6.6% vs expectations of 6.5% boosting the pound against both the euro and dollar. Newfound optimism […]
Market Update
In the last 24 hours, we saw sterling steal the show weakening heavily against the euro and dollar by almost 1%. As for the reason, Gov Bailey from the Bank […]
Market Update
Sterling edged higher versus the euro this morning, with investors focusing on the Bank of England’s next moves to tame inflation while avoiding recession risks. The pound lost ground against […]
Market Update
Standstill. That’s one way to explain the currency market over the past day. UK PMI data came out positive except that of manufacturing PMI. Today retail sales came in at […]