USD Political fallout after the unrest in Charlottesville and the cabinet reshuffling last week instilled doubt in investors who priced in concerns that President Trump was able to impose his infrastructure plans and/or tax reforms (this year).
VIEW FULL ARTICLEPosted in Daily Market News on Aug 21 2017 by Rob Affleck
GBP The latest UK retail sales data was slightly stronger than expected with a 0.3% increase in volume for July after a downwardly-revised 0.3% gain the previous month. The small decline in non-food sales for the month was offset by a strong recovery in food sales.
VIEW FULL ARTICLEPosted in Daily Market News on Aug 18 2017 by Rob Affleck
GBP The latest UK labour-market data created headlines with unemployment falling to a 42-year low of 4.4% in the three months to June. There was a decline in the jobless claimant count for July compared with expectations of a small increase for the month.
VIEW FULL ARTICLEPosted in Daily Market News on Aug 17 2017 by Rob Affleck
GBP UK consumer prices declined 0.1% in July and the year-on-year rate was unchanged at 2.6% compared with consensus estimates of a small increase to 2.7% for the month. Core inflation was also static at 2.4%, although the Retail Price Index (RPI) inflation rate increased to 3.6% from 3.5% as...
VIEW FULL ARTICLEPosted in Daily Market News on Aug 16 2017 by Rob Affleck
GBP Sterling continued to drift lower during the early session on Monday as underlying sentiment remained fragile. During the afternoon there were media reports that pro-EU MPs in parliament were looking to block any ‘hard’ Brexit.
VIEW FULL ARTICLEPosted in Daily Market News on Aug 15 2017 by Rob Affleck
GBP Bank of England (BoE) external Monetary Policy Committee member (MPC) Saunders stated on Friday that fears over a sharp decline in consumer spending had not materialised and he was relatively optimistic surrounding the outlook with a further increase in employment.
VIEW FULL ARTICLEPosted in Daily Market News on Aug 14 2017 by Rob Affleck
GBP Market players are unsure whether to throw Sterling a lifeline or to punish the currency further on Thursday, following the mixed bag of economic releases from the United Kingdom.
VIEW FULL ARTICLEPosted in Daily Market News on Aug 11 2017 by Ben Kohler
GBP Sterling returned to the 1.3000 level against the Dollar early on Wednesday with GBP fluctuating around this level during the day. GBPEUR reached highs of 1.1098 but found firm grounding around the 1.1110 region.
VIEW FULL ARTICLEPosted in Daily Market News on Aug 10 2017 by Ben Kohler
GBP There were no major domestic developments yesterday for the Pound, allowing the Dollar and Euro moves to pave its way. The UK currency was unable to make any significant headway against the Dollar with selling interest around 1.3050.
VIEW FULL ARTICLEPosted in Daily Market News on Aug 9 2017 by Ben Kohler
GBP Overall Sterling sentiment remained generally fragile with further concerns surrounding the growth environment and continued confusion surrounding Brexit negotiations. Although there were no major negative developments, a key issue was a lack of bullish news.
VIEW FULL ARTICLEPosted in Daily Market News on Aug 8 2017 by Ben Kohler
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