statue of liberty

US Government shutdown keeps the dollar pressured

22nd January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – The pound lost about a cent against the US dollar on Friday following the release of a set of disappointing retail sales, missing expectations across the board. Though the retracement was limited and the pound has already started a recovery albeit mainly due to US issues affecting the dollar over the weekend. There is nothing of note due out of the UK today. 🇪🇺 EUR – […]

nyc landscape

How low can the dollar go?

19th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – The pound has enjoyed a broadly positive week, making gains across the board. This is particularly apparent versus the US dollar, climbing to record post-Brexit levels. The currency appears to have realigned itself to monetary policy in the current absence of any Brexit noise, however, as deadlines for a Brexit deal approach in a couple of months, Sterling may struggle once more. This morning sees the […]

stockmarket-mobile

Good day for the pound

18th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – The pound’s gains yesterday might have started as a correctional move and then the momentum continued. Gains of around 1% we’re achieved, without any economic data to support this is a rarity for the pound. House price balance came out this morning higher than last time but had no effect on the pound. All eyes will now turn to tomorrow’s retail sales figures for December. 🇪🇺 […]

German government

Eurozone inflation figures expected today

17th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – The cost of living eased in December after inflation dropped to 3% in December. The main fall came mainly from air fares as well as a fall in prices for games and toys. However, the Office of National Statistics commented that it was too early to say whether that this was the start of a longer-term trend. Unsurprisingly, the pound dropped off the 18-month highs that […]

bank of england

Sterling starts week off strong

16th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – Sterling began the week as it finished the last with strong, early improvements against the US dollar. The pound is pushing through levels not seen since the EU Referendum and the breaking of resistance levels has helped increase the pace of the climb so far. Sterling is benefitting from positive German coalition talks pushing an already pressured US dollar lower as well as indications from Spain […]

building-front

Sterling strikes back

15th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – The pound gained versus both the single currency and US dollar after two EU members took a softer approach in relation to a possible Brexit deal. Sterling traded towards its highest level against the greenback since 2016’s Brexit referendum. No data out of the UK today. 🇪🇺 EUR – The single currency, just like Sterling, also saw moves against its major trading partners with a possible […]

europe union building

ECB’s hawkish tone sends euro higher

12th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – The pound had a mixed day across the board yesterday, the dollar broke a key resistance level against GBP although re-traced in the afternoon of yesterday’s session. Cable should now trade between these levels until its next direction is confirmed. GBP also slipped to one-week lows against the euro on what was a data light day for the UK. 🇪🇺 EUR – Buoyant figures continue apace […]

bank of england

Pound takes a breather

11th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – There has been minimal data released throughout the week from the UK, which has meant minimal movement. Brexit uncertainty has taken a temporary back seat and has given the pound a chance to consolidate. Manufacturing data yesterday looked rosy, coming in better than expected. In fact, manufacturing output is expanding at its fastest rate since early 2008. Manufacturing and Construction, however, only make up a combined […]

stockmarket-mobile

Tight ranges continue in depressing market

10th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – Retail sales unexpectedly remained at 0.6% which saw the pound grab some early momentum that was short lived as moves retraced back come the close of business. A key day today as industrial production is expected to drop slightly but the focus will be on manufacturing production following positive manufacturing figures last week, traders will be hoping that reflects in today’s results. GDP estimate is also […]

europe union building

Will Eurozone unemployment fall to a new 8 year low?

9th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – According to Halifax, UK house prices fell by 0.6% in December signalling that Britain’s property market is weakening. Halifax also reported that both buyers and sellers are in short supply with economic uncertainty and falling wages as reasons for the decline. However, the data had little impact on the pound. No news out today unfortunately but Sterling remains near the highs versus the US dollar since […]

skyline of new york business district

Dollar remains pressured, quiet week ahead

8th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – Last week, Sterling maintained its position against the euro and dollar, this was despite construction and manufacturing PMIs coming in below expectations. Despite coming in below expectations, manufacturing figures are at very high levels, as a weak pound has boosted this sector. Services scraped above expectations at 54.2. This week is relatively light on the data front for the UK, as only manufacturing production figures are […]

us federal reserve

Dollar in focus today

5th January 2018 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – Services data and mortgage approvals helped prop up the pound yesterday as both results beat the forecasted figures. The gains were slightly muted though as there are no macroeconomic releases for the UK today and as such the rates will be determined by movement in other currencies. 🇪🇺 EUR – The euro is near three-year highs against the USD as economic growth in the region has […]