UK GDP figures surprise the market
Good morning,
Yesterday saw the release of GDP in the UK. The result surprised the market expectation of 1%, coming in at 1.3% which pushed the GBP/EUR rate ... Read More >
European Central Bank
The euro turnaround
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At the close of Friday, the pound finished the week in a fairly strong position against the single currency of the continent. Finishing the wor... Read More >
Volatility surges ahead of Central Bank meetings
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A mixture of central bank monetary policy, the Omicron variant, and geopolitical woes has seen the volatility for euro and sterling to rise t... Read More >
Pound holds its ground
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The pound is holding its ground against its major rivals, trading around 1.35 against the dollar and close to 1.17 against the euro.
Much ha... Read More >
US labour market data in focus
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Yesterday, US initial claims for unemployment benefits printed at 340,000 against the previous 354k. Nevertheless, the market did not react to ... Read More >
BoE to acknowledge better prospects
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The Pound gained across the board yesterday on expectation the Bank of England is going to leave rates unchanged and acknowledge better prospec... Read More >
US inflation disappoints
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Data released from the US yesterday showed inflation rose less than expected in February as costs of used vehicles, clothing and transportation... Read More >
Euro struggles ahead of Thursday
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Yesterday the Pound hit a one year high against the Euro after the single currency encountered a difficult session ahead of Thursdays European ... Read More >
Decision Day
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Today marks the day that the Monetary Policy Committee meets for the first time of the year, to vote on interest rates for the UK over the next... Read More >
Central banks in the spotlight
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Major currency pairs took a breather yesterday, after a volatile week which saw sterling shed gains built up over the last few months. GBP has ... Read More >