Sterling’s struggles continue
Good morning,
The struggles of sterling continue with GBP-USD falling to 1.3275 as Omicron continues to weigh heavily on markets and Brexit tensions escalate. ... Read More >
Economic updates
Jerome Powell testifies
Good morning,
Yesterday afternoon Fed Chair Jerome Powell testified before the House Financial Services Committee. Following the relatively hawkish rhetoric us... Read More >
Omicron variant rattles markets
Good afternoon,
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 >
Sterling at yearly lows against US dollar
Good afternoon,
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
Good morning,
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
Good morning,
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
Good morning,
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
Good afternoon,
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
Good morning,
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%
Good morning,
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 >