BoE officials dial down interest rate cuts
The message sent from Bank of England officials recently of dialling down its monetary policy (interest rate cuts) could well have been confirmed this morning. We saw UK inflation rise […]
Bigger than expected UK inflation drop
The pound tumbled after softer-than-expected UK inflation data emboldened investors to bet on more aggressive interest-rate cuts from the Bank of England. Sterling slid 0.6% to $1.2990, its lowest level […]
UK Unemployment Rate Improves
This morning we saw a slight improvement for UK unemployment in the last three months leading up to August. ONS (Office for National Statistics) did forecast a level of 4.1% […]
This week we have a few data releases of note
plenty of news out of the Bank of England and the Fed which will dictate decisions in November, and a lot of economic news to sink our teeth into- overall […]
Market Update
Last week was very encouraging for Sterling bulls with GBPEUR rising above 1.17 and GBPUSD rising above 1.29. Retail sales coming in strong on Friday closed off the week perfectly […]
Market Update
UK Inflation has jumped back above 2% as expected, however it hasn’t climbed as much with headline numbers showing inflation at 2.2%. The dilemma facing the Bank of England over […]
Market Update
GBP saw a sign of relief in Tuesday’s morning session after the UK unemployment rate saw a decrease in June down to 4.2%. Even if there were signs of positive […]
Market Update
The Australian Dollar has strengthened overnight against a number of currencies after Reserve Bank Governor Michele Bullock stated that central bank wouldn’t hesitate to hike interest rates again if inflation […]
Market Update
Despite some buoyant UK data releases yesterday, in the construction surveys and more importantly British Retail Sales last month, it has done little to help The Pound as this morning […]
Market Update
Since end of last week GBP has lost battles against its peers, noticing big losses against both the EUR and USD. Yesterday and in this morning session, we have seen […]