All eyes on May’s speech
Sterling steadied close to a seven-week low against the dollar today, all eyes are on a speech from Prime Minister Theresa May on her plans for a trade deal with […]
UK – manufacturing better than expectations
Sterling steadied this morning against the dollar after falling this week over worries Britain will not secure a Brexit transition deal, while traders waited for UK manufacturing data. Manufacturing came […]
US Dollar Strenthens
Sterling slightly fell this morning as investors are very cautious before the publication of a first EU draft of a withdrawal treaty. EU negotiator Michel Barnier accused the British government […]
Big day for dollar
The dollar dipped against most majors this morning as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony later in the day. Any indications the Fed is leaning towards […]
Euro could weaken further
Sterling rose this morning after comments from the once-dovish Bank of England deputy governor reinforced the view that the bank would soon raise rates, while the opposition Labour party’s support […]
Euro weakness, Sterling on the rise
The euro has weakened this morning and is set to post its second-biggest weekly loss in nearly four months as investors trim positions before a big week for global currency […]
Sterling Update
The US Dollar strengthened last night, this was after the Fed meeting showed policymakers are confident in rising inflation and the need for interest rates to keep increasing. The minutes […]
UK unemployment rises
So far this week the best performers have been Sterling and the US Dollar. Sterling gained yesterday after a rumour that the EU may be open to a deal after […]
Sterling lower against the Dollar
Sterling edged lower against the dollar and euro yesterday, holding off 10-day highs hit last week, as traders awaited key wages data due on Wednesday for clues to the pace […]
Dollar fights back
The dollar enjoyed a small rebound today as investors bought back the greenback following its plunge to three-year lows. The U.S. currency has been hurt by a variety of factors […]