gbpusd

GBP bulls received a further boost this week from solid inflation data released yesterday, fuelling a fresh spate of buying in the British Pound. The latest CPI inflation readings for August showed both headline and core inflation beating expectations. Headline inflation rose 2.7% over August, far outperforming expectations of 2.4% and hitting i...

2018-09-20 James Harte Read more
technical analysis september

Daily Forex Market Preview, 05/09/2018 The U.S. dollar posted strong gains on Tuesday since the start of the European trading session. The USD jumped on the strong manufacturing PMI report. Data from the Eurozone was quiet. The British pound continued to weaken as construction activity as measured by the PMI fell to 52.9. This was below fore...

2018-09-05 John Benjamin Read more
forex uk

Will exporters flourish? The likelihood of a dramatic depreciation in sterling in response to a no deal Brexit has been highlighted by some as likely to fuel a boom in exporter activity which could offset some of the other economic woes the country will face. However, if credit tightens up and border issues create delays, the impact on just-in-...

2018-08-21 James Harte Read more
uk brexit

With just over 200 days until the Brexit deadline, negotiations have become increasingly fraught as the UK political environment has become increasingly turbulent. Market uncertainty has become increasingly elevated as the potential for a “no-deal Brexit” continues to rise reflected in the spike in “no-deal” news headlines and “no-deal” google s...

2018-08-20 James Harte Read more
uk brexit forex

With US and EU politics having dominated the landscape over most of the year so far, attention is now shifting back to the UK where the government’s Brexit battle is in full swing. After much anticipation, UK PM Theresa May last week unveiled her new plan for Brexit. The new agreement affirms that the UK will abide by a “common rulebook for all ...

2018-07-10 James Harte Read more

On the weekend, the German elections concluded with the incumbent, Angela Merkel's CDU/CSU party winning the elections albeit losing some votes to the fringe parties. The sentiment in the euro was a bit dented as a result. Against the British pound, the euro closed last Friday at 0.8833 and opened on Monday at 0.8814. The EURGBP is still to pos...

2017-10-22 John Benjamin Read more

The Bank of England will be meeting today for its monthly monetary policy review. Based on the economists poll, no changes to interest rates are expected, which remain at 0.25%, a historical low. However, some institutions are not ruling out the scope for a rate hike today. This hawkish scenario comes from the fact that in the July MPC meeting,...

2017-08-03 John Benjamin Read more
UK unemployment_1307

The monthly jobs report from the UK was a mixed bag with the unemployment rate falling to a 42-year low at 4.5%, down from 4.6% previously. Despite the solid headline, wages continued to disappoint. The unemployment rate fell to 4.5% and marked the lowest unemployment rate in the UK since 1975. Official data from the UK's Office for National St...

2017-07-26 John Benjamin Read more
BOE_GBPUSD_BOE_Sterling

Shift in Tone by BOE Comments by BOE Governor Mark Carney at last week’s Sintra panel saw strong Sterling demand kick in as markets reacted to the BOE’s perceived shift in sentiment. The BOE governor declared that the debate about raising rates before year end is now “live” among the MPC. The key takeaway from this event was the insight it give...

2017-07-26 James Harte Read more
Manchester_Indices_2305

After the sad events that occurred overnight in the UK – Manchester, we have noticed some negative impact on the markets, including Asian equities, European equities, and currencies. However, such impact was short-lived and most of the markets have recovered its initial declines, supported by economic releases. Asian Equities Declines Desp...

2017-07-26 Nour Eldeen Al-Hammoury Read more