ECB Meeting Today
The main economic event today is the ECB policy announcement at 12:45BST, followed by the press conference with President Mario Draghi at 13:30BST. No changes to interest rates or the […]
Market Update
Sterling fell against the dollar today as the U.S. currency strengthened on the back of rising Treasury yields, while traders remained cautious ahead of British GDP numbers due on Friday. […]
Sterling hits fresh lows against the dollar
Sterling dropped to its lowest since level since the middle of March, its sixth consecutive daily fall as investors are worried about the performance of the British economy. April has […]
Sterling hits a 2 week low
Sterling slipped to a two-week low against the dollar and Euro as investors questioned whether the Bank of England would raise interest rates in May following weaker-than-expected economic data and […]
Carney comments hammer the pound!
BoE Governor Carney, in an interview last night, seemed somewhat less committal in regards to tightening policy in the UK, focusing more on the slow path in the coming years […]
Retail Sales Miss Expectations
UK retail sales recorded their biggest quarterly fall in a year during the three months to March. We expected as much as the weather played a big part, keeping consumers […]
UK Wage Growth Stalls
The Office for National Statistics (ONS) showed today, the UK’s average weekly earnings, excluding bonuses matched expectations, arriving at 2.8% 3m y/y versus 2.6% last while the gauge including bonuses […]
Pound continues to out perform
The pound rose today despite Britain’s military intervention in Syria, as investors focused on data that could help shore up expectations of a May interest rate hike. Britain struck Syria […]
Sterling hits a 9 month high
Sterling has continued to gain against the euro, however, this could be affected next week when we have the UK wage data and employment figures released. We believe that wage […]
Market Update – Dollar Struggles
Bank of England credit conditions survey may receive some attention today. Markets will be looking for signs of an impact from last November’s interest rate hike on the demand for […]