Good Morning, The Pound suffered some loses yesterday after Manufacturing data was worse than expected in the month of June. The release showed a sharp decline to 54.3 in June versus 56.7 in May. Fresh data released this morning from the Construction Sector has also shown a decline for the month of June with a reading […]

Good Morning, The pound is little changed this morning after the Conservatives sealed a deal with the DUP yesterday. Ahead of the Queens speech vote in Parliament on Thursday, the Conservatives hope the deal will be enough to prevent a vote of no confidence. As part of the deal, Northern Ireland is to receive an extra […]

The Euro hit a six-month high versus the US dollar yesterday, while Sterling remains broadly range bound in the wake of the deadly suicide bombing in Manchester. Yesterday, the Office for National Statistics (ONS) said Public sector net borrowing (excluding public sector banks) increased by £1.2 billion to £10.4 billion in April 2017, compared with […]

Yesterday, the Bank of England’s Monetary Policy Committee voted by a majority of 7-1 to leave the bank rate at 0.25%, with Kristin Forbes being the only one in favour of an immediate hike in rates. The result came as no surprise as the vast majority of economists were not expecting to see any change […]

The US dollar traded lower against its main rivals yesterday as the market awaits the Federal Reserve’s policy statement this evening for hints on the US interest rate outlook. The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two-day policy meeting today, so the markets will look to […]

US GDP growth forecasts missed estimates by a long shot on Friday helping to keep the Pound buoyant as the EU gets tough over Brexit. Furthermore, manufacturing and inflation data released yesterday also undershot expectations leaving the dollar on the back foot for the start of a new month. According to the Institute for Supply […]

The Pound is trading within a range verus the US Dollar following the first round of the French elections which helped the Euro hit a 2-week high. The Pound began the week on the back foot having lost some ground against the US Dollar yesterday. The decline confirmed the US Dollar’s current consolidation trend which began after […]

Good Morning, The Pound has come under renewed pressure this morning following the largest quarterly drop in retail sales in the UK since 2010. Sterling has had a stellar week thus far following PM May’s surprise snap election call which MP’s voted in favour for by 522 votes to 13 against on Wednesday, however, the […]

Good Morning, PM May’s announcement that she was to call a snap election sent the pound rocketing yesterday with an initial drop from the pound turning into a complete reversal by market close. The risky move sent the Pound to a five-month high versus the US Dollar and a 2 month high versus the Euro […]

Good Morning, This week’s main focus will be dominated by the first round of the French presidential election on Sunday. As it stands, around 33% of voters remain undecided with four candidates fighting for two places in the second round on May 7th. On the data front, attention will focus on US industrial production growth on […]