Public net borrowing sweeps past official forecasts
Ahead of the UK autumn budget that will be released in the end of this month – we saw public net borrowing sweep past official forecasts. Borrowing rose to 16.6billion […]
ECB lowered their borrowing costs by 25 basis points

ECB lowered their borrowing costs by 25 basis points to a base rate of 3.75% yesterday – which didn’t come as a surprise and markets were unchanged at the announcement. […]
Bigger than expected UK inflation drop

The pound tumbled after softer-than-expected UK inflation data emboldened investors to bet on more aggressive interest-rate cuts from the Bank of England. Sterling slid 0.6% to $1.2990, its lowest level […]
UK Unemployment Rate Improves

This morning we saw a slight improvement for UK unemployment in the last three months leading up to August. ONS (Office for National Statistics) did forecast a level of 4.1% […]
This week we have a few data releases of note

plenty of news out of the Bank of England and the Fed which will dictate decisions in November, and a lot of economic news to sink our teeth into- overall […]
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 […]