Market Update
For its fifth consecutive week sterling gains against the EUR – reaching a high of 1.1730. This is the highest level GBP/EUR has reached since back in September 2023. The […]
Market Update
Pound Sterling reached a 4-month high yesterday against The Euro after a mixed bag of PMI results across manufacturing and services sector for both The UK & EU. Across the […]
Market Update
It’s relatively quiet day on the economic front today, but we have started with a basket of PMI Surveys for France, Germany & The Euro-Zone. The consensus across the board […]
Market Update
Starting off this week, Monday did not have much to contribute in terms of economic data. Instead we could read reports of concerns from colleagues within the European Central Bank […]
Market Update
After a fairly positive week for Sterling, December’s Retail Sales put a halt to this run with poor figures recorded last month. This evidently came as a shock to the […]
Market Update
On Thursday we heard from Christine Lagarde in Davos, given us an small indication that ECB could start to cut rates in the Summer but she was stern on the […]
Market Update
Stronger than expected U.S Retail Sales in December has helped to keep the US Dollar elevated near a 5-week high against the major currency pairs, with Interest Rate cut expectations […]
Market Update
Pound Sterling has risen across the board this morning after UK inflation figures for December increased more than initial expectations. This has now led to markets lowering their expectations for […]
Market Update
German GDP figures for 2023 was released yesterday and showed a decrease of economic output for 2023 by -0.3%. Showing that the German economy is struggling with higher interest rates. […]
Market Update
Sterling exchange rates closed on Friday net positive for the week after GDP numbers showed that the UK economy rebounded in November- however, the part that perhaps wasn’t reported as […]