UK GDP worst since records began
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GBPUSD remains above the all important 1.30 level despite Q2 GDP coming in at -20.4%. This represents the biggest quarterly drop since records ... Read More >
Daily update
Daily Update
Furlough’s fudge
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After a quiet start to the week for sterling, the UK started early today by releasing its June unemployment and average wage numbers at 7am. In... Read More >
A quiet start to the week
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Heading into the new week, GBP is still holding above the major psychological levels against the US dollar and euro. Despite some dollar streng... Read More >
US employment and earnings coming up
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GBP was the standout currency performer yesterday, although it was unable to maintain an upward trajectory as the day drew to a close.
The p... Read More >
Dollar: Making a meal of things
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EURUSD has been on somewhat of a mission of late. Price has now risen nearly 12% since the end of March 2020 – not a bad effort by the single b... Read More >
Gold dominates the risk equation
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The standout moment from yesterday’s trading session was GBPUSD and the way it danced around the key 1.30 handle. Following a 7.58% increase fr... Read More >
Pound waits in anticipation
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Markets remained stable through the open of the new trading week and month yesterday, with GBPEUR remaining in a tight 0.3% range and GBPUSD wi... Read More >
Sterling’s busy August
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GBP finished July with gains across the board to conclude the month, finishing the week as the best performing major currency. Throughout July,... Read More >
Trump worsens dollar woes
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Overnight, President Trump poured even more cold water over a US dollar which is now suffering its worst across the board foreign exchange depr... Read More >
GBPUSD breaks 1.30 but is swiftly pushed lower
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The main talking point yesterday was the breaking of 1.30 on GBPUSD, a level which has historically seen a lot of volatility and pressure from ... Read More >