by Christopher Nye | Jan 20, 2020
Sterling weakened on Friday afternoon after poor retail sales data added to expectations of a rate cut this month. Retail sales fell 0.6% month-on-month and increased 0.9% year-on-year, missing market expectations of 2.6%. Sterling also came under increasing pressure...
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by Christopher Nye | Jan 20, 2020
The pound ended the week under pressure from poor retail sales and sterling is still slightly weaker this morning. Expectations of a future interest rate cut continue to grow, so we can expect further uncertainty on the horizon. Meanwhile, Chancellor Sajid Javid made...
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by Christopher Nye | 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...
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by Christopher Nye | 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...
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by Christopher Nye | 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...
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