Market Update
GBP/USD is battling to stay above 1.27 after losing ground against USD due to strong payroll Data which exceeded growth expectations in July, which has now raised expectations for the […]
Market Update
The Bank of England is likely to raise interest rates by 0.25% to 5.25% when the monetary policy committee meets on Thursday. If the MPC goes ahead with the rate rise, […]
Market Update
The dollar extended losses today, a day after the Federal Reserve delivered what some expect to be its last rate hike, while the market’s focus shifted across the Atlantic to […]
Market Update
Cable might drop through 1.3000 if UK June CPI comes in softer than the 8.2% YY consensus forecast on Wednesday or ascend beyond 1.3150 if it is higher than expected […]
Market Update
The British Pound will on Wednesday encounter another key economic release in the form of CPI inflation for June which will determine whether the Bank of England will deliver a […]
Market Update
The pound rose for the sixth session running to a new 15-month high after data showed the British economy shrank by less than expected in May. Figures showed the economy […]
Market Update
Sterling steadied as traders wait for service sector data due on Wednesday and ponder whether any positive impact from expected higher interest rates on the British currency has run its […]
Market Update
With Bank of England raising rates yesterday by 50 basis points, we saw flash movements on the market first by a spike against both the USD and EUR. It later […]
Market Update
Sterling has continued to lose ground against both EUR & USD following on from yesterday’s report showing that The UK’s net debt has now surpassed 100% of GDP levels. Sterling […]
Market Update
UK Core Inflation figures were forecasted to remain unchanged at 6.8% but came out 0.3% higher. MoM inflation also released 0.3% higher to previous levels. Despite inflation consecutively falling […]