Omicron variant rattles markets
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The pound sterling has had a difficult couple of trading sessions after markets were rattled by fears over the latest Covid-19 strain. Southe... Read More >
Economic updates
Sterling at yearly lows against US dollar
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The pound fell marginally against its peers during yesterday’s session. Sterling remains close to a 2021 low against the dollar, supported by... Read More >
USD lifted by prospect of potential of policy shift
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GBP/USD dropped further yesterday and set a new low for 2021 of 1.3316 whilst EUR/USD touched its weakest level since June 2020 at 1.1185, as t... Read More >
Near-term sell off for the pound
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The pound came under selling pressure in yesterday’s session, and had to give up the lofty 1.19 level against the euro. Analysts pointed at the... Read More >
A quiet Monday
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It was a very quiet day on the data front yesterday with sterling trading within a 30-pip range against the EUR just above the 1.1900 mark. GBP... Read More >
New highs
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GBP/EUR touched fresh yearly highs throughout Asian trading during Sunday night and Monday morning. Despite falling back slightly through the... Read More >
UK retail sales surpass expectations
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After some modest gains by GBP over the last few days off the back of rising inflation and a potential interest rate rise, the pound has lost s... Read More >
Inflation hits 4.2%
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Early this morning GBP-EUR hit 1.1910. UK CPI inflation rose 4.2% year-on-year beating market expectation by 0.3%. The main driver behind the r... Read More >
ECB head maintains monetary policy stance
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ECB head Christine Lagarde has again push back hopes of an interest rake hike scuppering any such bets from market participants. Citing the kee... Read More >
The euro struggles
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In contrast to last week, the data calendar is looking busier which may aid the pound in the recovery after the recent fall off. It has been a ... Read More >