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 […]

Good Morning, After the services PMI rescued sterling last week, can more good news bolster the Pound once again? UK data takes centre stage this week with consumer inflation and retail sales on Tuesday followed by employment figures on Wednesday. This week’s main data releases from the US includes, retail sales and inflation, both of […]

Good Morning, President of the European Central Bank (ECB) Mario Draghi delivered a speech this morning where he told his audience that before altering the ECB’s stance on monetary policy they need sufficient confidence that inflation will converge to their aim and remain at those levels, even in less supportive conditions. This comes in defence […]

Good Morning, Over recent days, the Pound has moved higher against the Euro, Dollar and other G10 currencies but has begun reversing these moves ahead of Brexit which is due to be triggered by the U.K. government later today. There are no signs of Article 50 angst in the UK and European equity markets which have picked up […]

Good Morning, The Pound fell in value versus the Euro yesterday afternoon as Investors bought the Euro following a better than expected press conference from European Central Bank (ECB) President Mario Draghi. In its press conference the ECB raised its 2017 inflation projection to 1.7% from 1.3% in December however adding that the expected pick-up would probably be […]

Good Morning, The Pound has started today’s session on the back foot amid political uncertainty, a gloomy economic outlook and increased expectations the US will tighten monetary policy. The pound had already taken a tumble yesterday after softer than expected house prices and retail sales data last month moving the world’s oldest currency lower against […]

Good Afternoon, The Pound’s appeal turned soured on Friday after February’s UK services PMI showed a greater than expected slowdown in activity as the index dropped to 53.3 – its weakest since September 2016, back in line with pre-referendum averages. It had been predicted to weaken from 54.5 to 54.1. This was seen by many as possible confirmation […]

Good Morning, Manufacturing in the UK expanded slower than expected last month, a private survey revealed on Wednesday by Markit which reported that the manufacturing PMI dropped to 54.6 points in February, while the preceding month’s reading was revised up from 55.7 to 55.9 points. Market analysts had anticipated a slight decrease to 55.6; nevertheless, any […]