Daily Updates

 

Pound looking bullish, but another day of political risk lies ahead

Pound looking bullish, but another day of political risk lies ahead

16th July 2018
Donald Trump’s jaw-boning may have scuttled Sterling on Thursday night, but his admissions on Friday that a soft Brexit wouldn’t necessarily block a UK-US trade deal gave the Pound something of a…
US data and flight to safety boost dollar across the board

US data and flight to safety boost dollar across the board

12th July 2018
In what was a rather quiet day in terms of the economic calendar yesterday, the US dollar came out on top. Economic data continued to point towards the need for the Federal Reserve to keep hiking…
UK economic data shows some promise - but political risk weighs

UK economic data shows some promise - but political risk weighs

11th July 2018
Sterling made little progress through yesterday’s session despite some positive economic news. The ongoing state of flux in government - there were two further low-level resignations yesterday -…
Political risk back in focus for GBP

Political risk back in focus for GBP

10th July 2018
Friday’s conciliatory tone from the government over Brexit may have always seemed too good to be true, so yesterday’s resignations by both Boris Johnson and David Davis were - perhaps to an extent…
Quiet start to week as markets digest Brexit progress

Quiet start to week as markets digest Brexit progress

9th July 2018
Friday saw meaningful gains for both the Pound and Euro against the dollar as markets digested both the latest US unemployment number and the apparent progress made by Theresa May in agreeing…
UK PMI data impresses again, nudging GBP/USD higher

UK PMI data impresses again, nudging GBP/USD higher

6th July 2018
We saw little overall direction on the major crosses yesterday, despite the release of some key economic announcements.
UK PMI data impresses again, nudging GBP/USD higher

UK PMI data impresses again, nudging GBP/USD higher

5th July 2018
With a public holiday in the USA meaning no economic news being released from across the Atlantic yesterday, another upbeat UK PMI print - this time for the dominant services industry - gave the…
More upbeat economic data offers struggling Pound some respite

More upbeat economic data offers struggling Pound some respite

4th July 2018
Political uncertainty is without a doubt casting a dark shadow over Sterling’s fortunes right now, but again yesterday we saw another UK PMI print - this time for construction - come in above…
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