Bank of England Governor Carney’s dovish turn on 20th April, UK macro data for March – including CPI-inflation, retail sales bank lending – Q1 GDP and more recently April PMI…
The Dollar was slightly weaker overnight versus most currencies, with EUR/USD clawing its way back to 1.20, while Sterling is treading water. The Dollar TWI is still up nearly 1%…
Sterling has recovered against both the Dollar and Euro despite Eurozone GDP growth coming in line with expectations of 0.4% quarter-on-quarter in Q1 and the release yesterday of data showing…
Sterling has continued to rapidly tumble following the release of weak UK manufacturing PMI data for April and yet another defeat for the government in a Brexit-related vote in the…
Thin trading in the Asian session with China and Japan on holiday today. Sterling is just about holding up against the majors following Friday’s release of very weak Q1 GDP…
A heavy week for data, including inflation numbers in the US and Eurozone, labour market data in the US and New Zealand, Eurozone Q1 GDP and of course country and…
The main theme in FX markets last week was again the Dollar’s broad-based appreciation. Asian currencies also managed modest gains, helped on Friday by the seemingly successful summit between the…
Yesterday’s European Central Bank policy meeting was largely uneventful although President Draghi’s post-meeting press conference was on the whole marginally bearish. As largely expected the ECB kept its monetary policy…
Kim Jong Un and Moon Jae-in held a much publicised and historic summit overnight. This was the first meeting between North and South Korean leaders in over a decade. Summit…
FX markets were reasonably subdued overnight, although Sterling did make small gains versus the Euro. The Sterling trade-weighted-index (TWI) is now up about 0.3% since Bank of England governor Carney’s…
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