Daily Updates

 

A boost for the Pound

A boost for the Pound

10th April 2018
Risk appetite returned to markets yesterday following reassuring news regarding the potential for a trade war between the US and China. President Trump tweeted positively about his relationship…
Sterling dipped through key support barrier against Dollar yesterday

Sterling dipped through key support barrier against Dollar yesterday

6th April 2018
Sterling dipped through a key support barrier against the Dollar during yesterday’s afternoon trading session following weak data out of the UK. The Services PMI fell to a 20-month low, signs that…
Euro at 10-day low against Dollar

Euro at 10-day low against Dollar

5th April 2018
Risk aversion was a key theme in yesterday’s markets as trade wars continued to dominate headlines in all major media outlets. President Trump took to his favoured outlet, Twitter, indicating that…
Increasing tension surrounding potential trade war

Increasing tension surrounding potential trade war

4th April 2018
The Euro came under pressure yesterday afternoon following weak data out of the region’s largest economy. German Retail Sales fell 0.7% month on month in February in addition to a 15-month low in…
Bearish pressure on the Pound eased

Bearish pressure on the Pound eased

3rd April 2018
Bearish pressure on the Pound was eased going into the Easter weekend as the UK’s current account deficit came in better than expected at £18.44 billion, £5.5bn better than the consensus figure.
UK set to leave the EU one year today

UK set to leave the EU one year today

29th March 2018
The Euro traded down on the Dollar yesterday as a result of a combination of end of month flows and the final US GDP figure coming in at 2.9%, a significant upward revision of the original…
Liu and Mnuchin's communication boosts Greenback

Liu and Mnuchin's communication boosts Greenback

28th March 2018
The Dollar bounced back yesterday initially due to dovish comments from ECB council member Erkki Liikanen. Liikanen was cautious in saying that there are currently no significant indicators that…
Euro strengthens on Weidmann’s comments

Euro strengthens on Weidmann’s comments

27th March 2018
The Euro strengthened yesterday as President of Deutsche Bundesbank, Jens Weidmann, spoke at the Central Bank of Austria. In his speech, titled ‘New Momentum for Europe,’ he mentioned how it was…
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