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 […]
Market Update
Yesterday we saw the Bank of Canada cut their interest rates by 25 basis points for a second consecutive month, bringing their policy rate down to 4.50% in line with […]
Market Update
The Euro has started this morning on the backfoot against it’s major currency pairs, as The Eurozone’s Consumer Confidence for July narrowly beat expectations to rise from -14.0 to -13.0. […]
Market Update
ECB held rates at bay yesterday which did contribute to a slight EUR gain until their press conference. In the press conference we could hear from President Christine Lagarde that […]
Market Update
Readings from the ECB bank lending survey sending mixed signals. Demand continues to fall for businesses in the Euro zone while household lending saw its first increase since 2022. A […]