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GBP: Mini heatwave

June’s glorious weather boosted retail sales by 0.9%, but that came in below the majority of forecasts from economic experts. Combined with falling consumer confidence, a less economically productive spell of good weather consigned the pound to another losing week...


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EU beats deadline to strike trade deal with US

European negotiators struck an eleventh-hour trade deal with the United States this weekend that will reduce the charges levied on a wide range of goods to 15%. The deal is similar in structure to the recent agreement with Japan, except it requires the European Union...


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USD: Dollar forges ahead

Another good day for the dollar, with modest gains almost all round, with the Chinese yuan being the exception. Coming up this afternoon, UDS Durable Goods Orders, with a major decline expected. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To   For...


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EUR: No surprises as ECB holds at 2%

The single currency had a quiet day as the European Central Bank, as expected, held interest rates steady – albeit at less than half the rate of the UK and USA. We’ve got the Ifo Business Climate reading coming up shortly. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...


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GBP: Sterling falls again

The pound weakened across the board yesterday, with the largest falls against the US dollar and Chinese yuan. After the blizzard of recent data things calm down next week, although there is some mortgage data midweek and house prices on Friday. Will we see any...


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