by Alexander Fordham | Jan 17, 2020
The dollar recovered slightly yesterday after several data releases painted a positive picture of the US economy. Retail sales increased 0.3% last month. Data for November was also revised upward to show retail sales gaining 0.3% instead of rising 0.2%, as previously...
by Alexander Fordham | Jan 17, 2020
Sterling strengthened yesterday, shrugging off increasing expectations of an interest rate cut. The markets are looking ahead to retail sales data, which is due to be released this morning. This could give further indication about whether we should expect a rate cut...
by Alexander Fordham | Jan 17, 2020
The European Central Bank’s Governing Council gave euro a lift earlier yesterday, cautiously optimistic over the future. They said that there are some ‘initial signs’ that the economy is undergoing ‘stabilisation’, with the potential for industrial slump to begin to...
by Alexander Fordham | Jan 17, 2020
The pound has started today up against the euro, with positive retail sales forecast for later today. There was a slight drop earlier yesterday, as euro reacted positively to a relatively harmonious ECB meeting, with little sign of previous disagreements. Positive...
by Erin Harding | Jan 16, 2020
Phase one of the US-China trade deal was finally signed yesterday, and the dollar weakened as a result. The overall reaction from currencies was fairly muted since the signing has been expected for a long time and it is just the beginning of a larger deal that needs...
by Erin Harding | Jan 16, 2020
The euro was strong against the pound and the dollar yesterday, reaching a one week high against the greenback ahead of the signing of the US-China trade deal. However, it is slightly weaker this morning. Economic data showed that the Eurozone trade surplus widened to...
by Erin Harding | Jan 16, 2020
Sterling weakened yesterday after data showed that UK inflation rose at its weakest rate in three years. Inflation rate slowed to 1.3% year-on-year in December 2019, the lowest reading since November 2016 and below market consensus of 1.5%. However, the pound has...
by Erin Harding | Jan 16, 2020
The pound was weaker yesterday after poor inflation rate data, which further increased expectations of an interest rate cut at the end of the month. However, it has recovered slightly this morning. The eurozone also saw some disappointing data, whilst the signing of...
by Chris Nye | Jan 15, 2020
The pound has been moving in the past few days because of speculation about an interest rate cut. This is all feels rather old-school, a bit 2015, as politics and Brexit has been leading GBP in recent times. The next big thing to influence currencies will be a mix of...
by Erin Harding | Jan 15, 2020
The dollar was mixed yesterday, showing strength against the euro and weakness against the pound. Inflation rate for the US rose to 2.3% year-on-year from the previous 2.1%. A series of data releases are due to be released today also, including mortgage rate figures....
