With no tier-1 macro data or policy events due today, markets are seemingly focused on the broader theme of higher US government bond yields continuing to push the Dollar stronger,…
Major currencies are doing little this afternoon. The Euro is broadly stable despite the German Ifo business confidence index falling further in April to 102.1 from 103.3 in March and…
The Dollar has been the star performer in the past 24 hours, appreciating about 0.8% to a three-month high against a basket of currencies of the United States’ main trading…
Key data, namely US durable goods orders, trade balance and GDP and UK GDP, and events – namely the ECB’s policy meeting – come later in the week. Global growth…
FX markets had a choppy weak with no clear unifying theme beyond the reasonably broad-based recovery in the US Dollar. In the emerging markets space the high-yielding Mexican Peso fell…
Sterling weakened across the board after Bank of England Governor Mark Carney hinted yesterday that a rate hike in May was not a done deal. Speaking on the fringes of…
A touch of Euro weakness has been seen in afternoon trading, losing ground versus the Pound and the Dollar. Sterling initially sold off following the release of a larger-than-expected 1.2%…
Sterling broadly stable overnight following yesterday’s sell off in the wake of the inflation data release. Market still seemingly confident that Bank of England will hike rates to 0.75% in…
Sterling weakened and has stayed weak following this morning’s CPI-inflation data release (unlike yesterday’s wage data whereby Sterling ultimately recovered most of its post-release losses). Headline and core inflation numbers…
The IMF is forecasting that UK GDP growth will slow to 1.6% in 2018 and 1.5% in 2019 from 1.8% in 2017, despite an expected rise in global GDP growth…
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