GBP

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

Today is quite an important day for Cable traders, with the release of a host of important economic data all at the same time during morning trading. It would be surprising if the market didn't get some extra volatility right after the… Read More

USD Trying to Recover The US dollar has traded just below flat over the European morning on Tuesday. However, the index is up off the week’s lows, trading 96.41 last. Looking ahead to today, traders are waiting on the release of the ISM… Read More

USD Rallies USD ends the week firmly higher as a worrying escalation in tensions between the US and Iran has seen equities under pressure and USD higher on safe-haven inflows. Looking ahead today, we have the ISM manufacturing reading for… Read More