GBP

The pound sterling gave way as it weakened sharply against the dollar. Losing over 4% on the day, GBPUSD fell to the lowest levels since 1985. This comes as the 1.2000 handle broke away and offered little support. Price action in… Read More

Tomorrow, there will be a host of data coming out from the UK and volatility is expected to be on the higher side. Chief amongst the data will be the GDP growth and the Manufacturing Production. A few hours later, we will have another… Read More

Throughout last week, the view of analysts was that the PMIs published on Friday would be decisive as to whether the BOE cut rates during its first meeting of the year. But, in the end, the data split the difference and just increased… Read More

Dollar Holding Below Resistance The US dollar has been fairly stagnant over the last 24 hours. The lack of any key US data this week has created an absence of directional drivers which has seen the USD index remain in consolidation mode… Read More

USD Rallying on Monday The US dollar has continued to rally over the European morning on Monday with the index breaking above the 97.42 level. Data strength at the end of last week is keeping USD bid here. With no tier-one US data… Read More

USD Riding High The US dollar is ending the week on a much better note than it started. Stronger than expected data yesterday (retail sales & Philly Fed both better beat) has helped lift the dollar into the end of the week. USD index… Read More

After nearly a year since President Trump started his trade war rhetoric against China, both parties have signed a deal. The phase one of the trade deal is seen by many as a first step towards easing trade tensions between the two… Read More

USD Mixed Following CPI Miss The US dollar has started the day with a mixed tone. The USD index has now spent the week consolidating just below the recent 97.26 highs. US inflation data released yesterday was a little lackluster with… Read More

USD Higher Ahead of CPI The US dollar has started the day in the green with the index rallying up to 97.16 as of writing. Looking ahead today, US CPI data is the main data print today. The headline reading is expected to have grown at just… Read More

UK Data Disappoints GBP has been back under selling pressure again this week as the latest data highlight further economic weakness. Monthly GDP figures released yesterday showed the UK economy shrank by 0.3% in December. This was far… Read More