Currency Note GBP


USD: Largely positive week for the euro

After a brief drop yesterday due to positive Chinese economic data, dollar largely regained its ground against the pound and euro. The US trade deficit has continued to narrow, reaching its smallest point since June 2018, at $49.4 billion. Last month, the deficit was...

EUR: Largely positive week for the euro

Euro strengthened early yesterday morning against the pound, although it was only brief. Eurozone balance of trade came in much better than predicted, at €17.5 billion instead of €12.3 billion. It’s been a relatively positive week for the Eurozone so far, although...

GBP: Inflation comes in just below market expectations

Sterling briefly dipped yesterday as inflation came in yesterday at 1.9%, unchanged from the previous month and not quite at market expectations of 2%. However, it soon regained its ground. House prices showed the slowest rise since September 2012, according to ONS...

Sterling stable on largely positive news

Sterling is on a slight upward tick this morning following a relatively positive week. Although inflation came in just below expectations, it only had a small dip that it soon regained. The retail price index also came in below forecasts, but it seems that the markets...

USD: Dollar weakens slightly on strong Chinese data

Strong Chinese economic data, including GDP growth and industrial production, caused the dollar to weaken briefly against a basket of currencies this morning. The dollar has also weakened slightly against the pound yesterday on lower-than-expected industrial...

EUR: German economic sentiment beats expectations

German economic sentiment beat expectations yesterday noon, as the figures released showed not the expected 0.8, but a climb to 3.1 points. This puts the figures into the positive for the first time since March 2018. The wider Eurozone economic sentiment index also...

Markets await inflation rate release

The pound is relatively stable this morning as markets await today’s inflation rate release, expected to come in within the Bank of England’s target figure of 2%. UK unemployment came in positively yesterday, although the pound did weaken slightly on reports of Brexit...

Forecast sunny, but don’t rely on it

We are in the final stage of compiling our currency forecasts for the months and year ahead. These are not our forecasts, I hasten to add, but an amalgation of forecasts from the leading banks. We don’t believe in making forecasts ourselves, and I’ll...

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