statue of liberty

US Working Harder, Better, Faster, Stronger

8th October 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. ?? USD –Last week’s Dollar headlines were punctuated by a very noisy US Jobs report on Friday in which the US economy sent a number of different messages to the market. Firstly, the US economy added 134,000 jobs vs. a forecasted 185,000 which was the lowest reading for the year. However, this negative news was offset by the revision to August figures from 201,000 to 270,000. In addition, […]

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Dollar Dominant

5th October 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. ?? USD –The Dollar has remained strong this past week; initially this was due to last week’s forward guidance which forecast interest rates increasing once in December 2018, three times in 2019 and once more in 2020. However since then, the greenback has received further boosts from better-than-expected economic data this week which has helped to paint a rosy picture of the US economy as a whole, with […]

rates table

Moves like May

4th October 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 focus yesterday was on Prime Minister Theresa May’s Conservative Party Conference speech as investors looked for any indication towards the next step in Brexit negotiations. However, with nothing new of substance coming out of May’s speech, attention returned to her questionable dance moves which split opinion – with some arguing she should focus on more important matters, with others claiming ‘the Maybot’ to have the […]

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Chuck Chequers

3rd October 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 – As Brexit negotiations continue to rumble on, we still see positive headlines providing short term support for the pound, with longer term concerns as to whether the House of Commons will support any deal agreed with the E.U. helping to keep rates in check. As such, news over the weekend that PM Theresa May will make concessions on the Irish border backstop provided some sterling relief. […]

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Euro Slumps and US Dollar Continues its Positive Trend

2nd October 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 has started the week on the front foot after UK manufacturing data beat expectations to rise to 53.8 in September. Growth in the sector has been credited due to a solid increase in new orders in both domestic and international markets as well as an increase in jobs. Later in the afternoon sterling got another boost after a senior government official revealed that the Premier […]

statue of liberty

Dollar Bull Run Continues

1st October 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 – On Friday morning Sterling took a slight knock as the UK’s current account deficit was worse than the markets had anticipated. However, it then benefitted against the Euro following weak core CPI from the Eurozone. Today manufacturing PMI is released from the UK, with the reading expected to be slightly worse than last month’s reading. Reports of further Tory infighting were released over the weekend, showing […]

rates table

Sterling Lower as Dollar Gains

28th September 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 slumped on Thursday on the back of broad Dollar gains after a US rate hike, and with investors still nervous about the outcome of negotiations on the terms of Britain’s planned exit from the European Union. From the UK today, we have data in the form of the yearly and quarterly GDP numbers. ?? EUR – Data was limited from across the Eurozone on Thursday as […]

us federal reserve

Dollar Rate Rise is a Damp Squib

27th September 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 rose for the third consecutive day following positive comments that a deal would be reached, and a deal could be in place by the end of October, from both the Brexit Secretary Dominic Raab and Angela Merkel. Jeremy Corbyn has told Theresa May that Labour MPs will vote against her Chequers plan unless she accepts his proposal to keep the UK in the customs […]

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Increasing Hope of Brexit Deal

26th September 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 rose for a second consecutive day on Tuesday, as a struggling Dollar and increasing hopes of a Brexit deal stoked demand for the Pound. Brexit Secretary Dominic Raab said this week that he was confident that a deal would be reached and, yesterday, Angela Merkel stated that she thought an agreement could be in place by the end of October. Elsewhere, MPC member Vlieghe suggested […]

europe union building

ECB to Roll Back Stimulus

25th September 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 data of note from the UK yesterday. Despite this Sterling recovered against the majors as the panic which was adopted by the market on Friday appeared to subside after the weekend. Today there is no data of significance from the UK, with the only event of note being MPC member Vlieghe speaking at Imperial College Business School this afternoon. ?? EUR – Mario Draghi […]

houses of parliaments

Sterling Suffers on Brexit Impasse

24th September 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 suffered its biggest fall in 2018 on Friday after Theresa May stated that Brexit negotiations had reached an impasse causing traders to fear the likelihood of a no-deal outcome. Sterling lost all of the week’s gains against both the US Dollar and the Euro, losing 1.5% and 1.3% respectively against each currency. To add to the woes of the Pound, the UK’s budget deficit rose […]

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Pound retreats following Brexit negotiations

21st September 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 – Thursday was certainly a day of contrasts. Early morning optimism abounded, with forecast-beating retail sales data adding to growing belief that Britain and the EU might be making progress towards a deal. Both of these factors helped push the Pound to 2-month highs versus both the Dollar and Euro. However, yesterday evening saw a sharp reversal in Brexit sentiment, as it became apparent that the EU […]