Sterling retreated away from its recent highs against USD and EUR as traders took profits on positions that had started to look stretched. The pound fell about ... Read More >
NZD
Out last week in New Zealand data painted a brighter picture of the economy than that of last year. The merchandise trade deficit recorded a surprise improv... Read More >
In Shakespeare’s Hamlet, Polonius utters the immortal words “Though this be madness, yet there is method in’t”.
Last week’s major piece of news saw the Bank of... Read More >
Friday's Non-Farm payroll figure was pretty dire and signified that the worst is not yet over nor not yet with us. 524k people lost their jobs in December boost... Read More >
Sterling behaved as we expected yesterday with a rally immediately following the Bank of England rate decision before falling back later in the session as profi... Read More >
Sterling's Lazarus like turn continued unabashed yesterday as it fired itself to 3 week highs against the USD and EUR. The danger today is that these rises are ... Read More >
Both the dollar and euro slumped against sterling yesterday as poor sentiment and data served to rattle both currencies.
It was a heavy day on the data schedul... Read More >
Harsh winds and bitter nights have been forecast for the UK over the course of the week but it was the euro that was left out in the cold yesterday.
Sterling en... Read More >
The landscape, save for the smattering of snow that London has experienced, is much the same as on Friday. Risk aversion is the key driver at the moment and alt... Read More >
Someone said to me on New Year's Eve that 'an optimist stays up until midnight to see in the new year whereas a pessimist stays up to make sure the last one has... Read More >