Theresa May_Brexit_Negotiations_1906

The pound starts the week on a sour note amid fresh political turmoil weighing on PM Theresa May, but GBP traders will vie with a busy week of economic data and speeches from the Bank of England this week. The pound was the top performing currency last week after European Union negotiator Barnier asserted the importance of speeding up Brexit neg...

2017-12-12 Ashraf Laidi Read more
Uk inflation_BoE_2003

Inflation and GDP data will be the main dominating themes this coming week. Data from the Eurozone, Canada, the United States, the UK, and Sweden will show the overall inflationary trends during the month of October. The inflation data is also likely to influence some of the monetary policy decisions due in December. However, consumer prices a...

2017-12-12 John Benjamin Read more
BEIJING, CHINA - SEP 17, 2017 : The photographs of Mao Zedong, Zhou Enlai and Liu Shaoqi at Wangfujing shopping area

The markets open next week with the focus on China as the 19th Communist Party congress takes place this week. The event, where President Xi is expected to speak comes in a week where inflation and quarterly GDP figures are expected to be released. It will also be a busy week for the British pound which will see the monthly inflation figures an...

2017-10-22 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
Pound Sterling_GBPUSD_1406

Traders took a break from the political developments in the UK and focused turned back to the economic outlook. Data released by the UK's Office of National Statistics (ONS) showed that consumer prices surged 2.9% in May. This was higher than the expected 2.7%, and a 0.3 percentage point increase from the month before. The higher than expected ...

2017-07-26 John Benjamin Read more
Uk Inflation_BoE

The April unemployment data from the UK posted a new record in April as the nation's unemployment rate fell to 4.6% marking a 12 year. The unemployment rate slipped from 4.7% in the Dec - Jan period. Despite the blockbuster headline, regular earnings fell 0.2%, three months to the year, compared to a 0.1% increase in the Dec - Feb period sugges...

2017-07-26 John Benjamin Read more
UK Inflation

The second week of April will see the inflation theme taking over the markets with data expected from the U.S., China, and the UK. Inflation in the U.S. and the UK is expected to rise at a slower pace, while consumer prices in China are expected to accelerate at a pace of 1.1%, following a 0.8% increase previously. Fed chair, Janet Yellen is d...

2018-02-14 John Benjamin Read more
UK Jobs_0404

The US Dollar advanced across the board yesterday, rising above 101.0 for the first time in two weeks. This is due to the Federal Reserve Chair Yellen testimony yesterday. Surprisingly, Janet Yellen kept the door open for a possible rate hike in March meeting, which pushed the Dollar higher, even though the Fed Fund Futures is pricing in 30% ch...

2017-02-15 Nour Eldeen Al-Hammoury Read more
ECB

After a rather quiet trading week, the economic data picks up steam with inflation figures due for release across the US, UK, and the Eurozone. The monthly labor market data from Australia and the UK will be coming out this week including the central bank meetings from the ECB and the Bank of Canada. Among other things, the British Prime Minster...

2017-01-16 John Benjamin Read more
Forex Afternoon

The British pound was the top performing currency last week with most of the gains coming after the BoE left interest rates unchanged against market expectations. The political developments in the UK also attributed to the GBP's gains over the week. The Canadian dollar was the next top performing currency, gaining 0.68% for the week as the Bank ...

2016-07-18 John Benjamin Read more