Sterling is poised, with GBP/USD trading around 1.29, ahead of a critical vote in the House of Commons tomorrow. Markets perhaps understandably paid little attention to the release yesterday of…
At the risk of sounding like a broken record Sterling has had another turbulent 24 hours and is currently, on a number of parameters, one of the most volatile major…
It’s a big data week for the US and UK, with the US due to publish NY and Philly Fed manufacturing indices for October and retail sales, housing and industrial…
US equities and yields shot up on Friday on news of a partial trade agreement between the US and China before giving back some ground as the limited scope and…
The GBP/USD cross is up to 1.223 at time of writing, having twice dipped below 1.22 in late trading yesterday. The press is attributing this mini-rally to the release of…
The Dollar is marginally weaker today, at the bottom of a 2% range in place since mid-August, following Federal Reserve Chairperson Powell’s speech last night. Powell announced the potential for…
Sterling has tanked today, admittedly against a slightly stronger US Dollar. GBP/USD came under pressure early in the session, falling below 1.23, following the release of weak British Retail Consortium…
The focus this week is likely to be on the re-start of US-China trade negotiations, speeches by Fed Chairperson Powell and the EU’s response to the British Prime Minister Johnson’s…
It was a jittery week for global equity markets. Weak PMI data for September, including in the US and UK, reignited talk of recessions and global equities came under pressure,…
Major currencies have had diverging fortunes in today’s session. The Dollar is down slightly for the second consecutive session following the release of disappointing US labour market data for September….
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