Sterling has rallied 0.3% following the release of strong UK labour market data for December, including a record-high employment rate. Sterling, in trade-weighted terms is now down only 0.4% from…
The rally in GBP/USD this morning above 1.31 was short-live, stopped-dead in its tracks by the release of some ugly UK retail sales data for December. The retail sales volume…
Sterling has rallied 0.4% today and is back to the level which prevailed a week ago, despite markets now pricing in an 80% probability of a 25bp rate cut at…
It has been a reasonably quiet session for major currencies. Notably, Sterling has been broadly flat for the second day running despite the release of weak UK inflation data and…
It’s a big macro data week for both the US and the UK. In the US the focus will be on CPI-inflation, Philly Fed manufacturing, retail sales and industrial output…
Despite the escalation in the war of words between the US and Iran last week, Iran’s missile attack of two bases in Iraq which house foreign, including US, military personnel…
Price action in major currency markets has been subdued today, with the exception of the more volatile Australian and Kiwi Dollars which are up about 0.5% and 0.3%, respectively, in…
The Dollar continues to trade in a very narrow range in trade-weighted terms but Sterling and the Kiwi Dollar are both down today. Sterling has weakened 0.4% and to a…
The headline news today was Iran’s missile attack of two bases in Iraq which house foreign, including US, military personnel. There have so far been no reports of casualties but…
Despite the escalation in the war of words between the Iranian leadership and US President Trump in the past 24 hours, which has included numerous threats and counter-threats, financial markets…
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