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…
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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.…
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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…
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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…
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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…
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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…
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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…
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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.
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