Market Update
Sterling fell more than half a percent to this morning after Prime Minister Theresa May returned from a visit to Brussels, where she attempted to win assurances from the European […]
Brexit Secretary Raab Resigns – Pound Crashes!
British Brexit Secretary Dominic Raab resigned thrusting Prime Minister Theresa May’s government into turmoil just two days after she clinched an EU divorce deal that was mauled by opponents, allies […]
Euro gains as dollar weakens
The euro rose to a new five-week high this morning, mainly due to dollar weakness prompting investors to put their money into the Eurozone. Global markets were shaken this month […]
UK Budget update today
UK Chancellor of the Exchequer Philip Hammond will give his Spring Budget update today. Traditionally a major set-piece event, its importance has now been downgraded. The main Budget statement now […]
No Deal
Sterling weakened against the Dollar yesterday on worries that Britain might not manage to clinch a transition deal with the European Union at a summit later this month. Even against […]
UK Retail Sales expanded 0.1% MoM
Sterling gave away part of its initial gains today following the release of January’s retail sales in the UK. Overall, retail sales volumes rose 0.1 percent on the month, below […]
Dollar Weakens Ahead Of Inflation Data
Sterling strengthened yesterday after data showed British inflation unexpectedly stayed close to its highest levels in six years in January, firming up investors’ bets that the Bank of England will […]
Sterling looses recent gains
The dollar moved higher against a currency basket of currencies today, buoyed by higher U.S. bond yields as investors turned their attention to U.S. President Donald Trump’s State of the […]
US Shutdown weakens US Dollar further
The dollar was pinned near a three-year low today as a U.S. government shutdown encouraged investors to add to bearish bets against the greenback while the euro consolidated recent gains. […]
UK Inflation hits a 6 year high!
This week will be all about the central banks. Three major institutions will have their interest rate decisions: FED, ECB, and BoE. From that three, only in the US, we […]