A choppy session for major currencies. Sterling initially weakened following the release of February labour market data but it is now the Euro which is underperforming on the back of…
Sterling has weakened following the release of UK labour market data for February. While the unemployment rate fell to 4.2%, nominal weekly earnings (including bonuses) rose only 2.3% year-on-year, below…
Focus will be on key UK data, including employment and wages, inflation and retail sales with only four weeks before the Bank of England’s policy meeting on 10 th May. In…
Major developed currencies made gains last week against a slightly weaker Dollar and weaker emerging market currencies. Sterling hit a new post-referendum high against a basket of currencies, the Australian…
Syria and international trade again made the headlines overnight with the US and China having seemingly once again firmed up their stance on tariffs and protectionist policies. US and Chinese…
The Euro weakened versus the majors following the release earlier today of the minutes of the European Central Bank’s 8th March policy meeting. Markets seem to have focused on the ECB’s…
Lots of news and headlines for markets to digest in past 24 hours but overnight session ultimately saw little change in major currencies. At best mixed UK industrial output and…
Dollar has weakened further versus the Euro, Sterling and Yen in afternoon trading. UK industrial output data for March were mixed but the trade deficit narrowed in February. The war…
Major currencies did little in the overnight session with markets geared up for a potentially important day for macro releases and policy news. First up will be UK industrial output…
Price action in major currencies was relatively subdued overnight with very volatile equities once again grabbing the limelight. But Sterling and the Australian and Kiwi Dollars have rallied against the…
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