blackfriars bridge evening

Sterling struggles

4th 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 – Construction PMI data came in only slightly negative of forecast yesterday. However, on the back of poor Manufacturing data from the previous day, this dragged down the value of Sterling. The currency has been struggling for support for some time and this figure may have simply been a catalyst for some market repositioning, causing the currency to retrace. This morning sees the final act in the […]

stockmarket-mobile

Slow start to the year

3rd 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 – Except from a slight drop against the euro following manufacturing figures that came in lower than expected the pound gradually pushed higher throughout the day. Even rising close to one percent against the dollar. Construction data released this morning is expected to fall very slightly but little affect is anticipated. 🇪🇺 EUR – German manufacturing data came in as expected, no impact on the euro though. […]

building-front

Sterling’s eventful year

2nd 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 was no key news or data to influence the pound last week. This week however, key drivers for the pound will be the release of manufacturing, construction and service PMI’s from data agency Markit. 🇪🇺 EUR – The euro was the standout performer last week riding on the back of flows out of the US dollar. Manufacturing and service PMI’s will also be in focus […]

city sky

Euro has maintained momentum

22nd December 2017 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 has lost some ground versus the euro as the week has gone on, though has recovered slightly this morning. Later this morning sees the publication of the UK’s Current Account balance. This is a quarterly figure and is essentially a difference in value between income flows and unilateral transfers. Ordinarily, this would be a keenly anticipated piece of information, but with Brexit dominating proceedings we […]

europe union building

Euro climbs as participants dwindle

21st December 2017 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 remains range bound against the dollar. It has started to lose ground however against the euro in light of broader euro strength across the board. 🇪🇺 EUR – The euro continues to steadily rise across the board, an indication of improving sentiment toward the euro. 🇺🇸 USD – No notable events for currency movement.   Key Announcements 🇬🇧 GBP 09:30am: UK Public Sector Net Borrowing 🇨🇦 […]

stockmarket-mobile

Lacklustre day sees euro edge higher

20th December 2017 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 – Governor Carney is due to testify on the November Financial Stability Report before the Treasury Select Committee today, dwindling numbers on trading floors could see some movement here however. 🇪🇺 EUR – The euro enjoyed a solid day yesterday despite data missing expectations. Nothing of note out today from the Eurozone. 🇺🇸 USD – The last remaining source of potential volatility could come from the US with […]

city sky

Slow and steady gains for Sterling

19th December 2017 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 UK didn’t have any data of note yesterday and as a result could take advantage of movements in other currencies. Improved results from the Industrial Orders Survey published by the CBI will raise optimism in the UK economy but did not have an impact on the rates. The pound climbed slowly but surely against the US dollar due to tax reform concerns and enjoyed a […]

europe union building

Brexit: The saga continues

18th December 2017 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 – From the UK on Friday the pound traded over a 100-point range against both the US dollar and single currency on the back of further positive Brexit talks in relation to an EU deal. We have no major data out from the UK today. 🇪🇺 EUR – The single currency remained stable versus the US dollar on Friday, despite an EU trade deal looking likely, it […]

bank of england

Central Banks remain on hold

15th December 2017 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 – Yesterday, the BoE kept interest rates and QE on hold whilst suggesting a slower pace of growth in the final quarter of the year is to be expected, whilst inflation is likely to have peaked. Thus, only modest rate hikes would be expected over the next few years. With the news widely expected the pound barely moved though found momentum against the euro later in the […]

us federal reserve

US raises interest rates

14th December 2017 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 – Yesterday’s on-track Average Earnings figure had no effect on the pound, which continues to trade in the middle of nowhere versus its major counterparts. Last night saw the government suffer its first Brexit Bill defeat, with the house voting for an amendment that gives Parliament an acceptance vote on the final Brexit deal. For now, however, markets are not reacting and Sterling maintains its position. The […]

bank of england

Inflation still moving higher

13th December 2017 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 – Inflation was the key piece of data yesterday after it unexpectedly rose to 3.1% which is its highest level in 6 years, although it is moving further away from target Mark Carney is expected to be upbeat in his last MPC meeting of 2017 on Thursday. Today the UK will release its unemployment rate which is expected to improve to a new low of 4.2% and […]

london-skyline

UK inflation in focus

12th December 2017 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 – In the absence of any data to support it, the pound continued to fall on what looks like profit taking following the gains from last Thursday. Inflation data will be in focus today with the headline figures expected to stay at 3%. However, we could see a surprise to the downside, given the pound’s strength over the course of November which may have taken out some […]