UK economy shrinks
Good morning,
We wake up this morning to the news that the UK economy shrank by 1.5% in the first quarter of 2021. This figure is unsurprising considering th... Read More >
Economic updates
The pound gets its day
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Yesterday was a great day for the pound. As mentioned in yesterday’s update, the way that the Scottish regional elections played out over the w... Read More >
1.40 and beyond?
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Opening up the fresh week and looking at the charts, we can see that GBPUSD has breached and remained above the psychological level on 1.40. Yo... Read More >
Bank of England to ease QE programme
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Yesterday’s MPC meeting painted a very mixed picture. Although no changes to policy were expected and interest rates are to remain where they a... Read More >
A big day for Sterling
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The Pound had marginal gains against both the euro and dollar yesterday where it tested the key 1.16 level against the single currency. Sterlin... Read More >
A big Thursday edges closer?
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A quiet data day yesterday saw markets relatively flat across the board for GBP crosses. GBP/USD opened today at 1.3890 and GBP/EUR opening at ... Read More >
A more upbeat May?
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The pound closed out April as one of the worse performing major currencies of the month on Friday ahead of the long weekend, after being stuck ... Read More >
DUP’s foster resigns
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Yesterday we saw little movement from the pound versus both the euro and dollar, GBPEUR has remained close to 1.15 as it has all week. Cable ha... Read More >
Yet another masterpiece
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All eyes were on the US Federal Reserve yesterday, as markets geared up to digest another meeting of the monetary committee. The world’s most p... Read More >
Holding pattern
Good afternoon,
Sterling pairs have been trading in narrow ranges throughout the course of the week, with GBPEUR being contained to a near 0.5% range and GBP... Read More >