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US market rates fell after the Federal Reserve decision but this looks more like a market positioning effect than anything specific from the meeting. Expect some retracement. Both the European Central...
US Dollar: Action kicks off tomorrowThe dollar starts the week in very narrow ranges and not far from the lows of the year. This week will stress test the consensus view amongst investors that i) the...
FX markets were largely in a consolidation phase last week, partly due to holidays in the Asia Pacific region and a lack of Tier 1 data throughout the week. Further contributing to price action in...
The British pound is testing the $1.2400 level this week, above which it failed to consolidate in the middle of last month. The GBP/USD has not traded consistently higher since last June. Looking at...
The British pound has posted slight gains on Tuesday. In the European session, GBP/USD is trading at 1.2302, down 0.60%.UK Debt Hits RecordUK debt costs soared in December, sending the budget deficit...
UK retail sales fell by 1% in December, excluding fuel by 1.1%. The data surprised analysts who had, on average, expected an increase of 0.5% last month. Sales were 5.8% lower than in the same month a...
The British pound edged lower on Friday. In the European session, GBP/USD is trading at 1.2360, down 0.27%.Retail sales fall sharplyUK retail sales were dismal in December. The headline figure fell...
Britain, as previously with mainland Europe, is showing better than expected GDP performance, tempering expectations on the depth and duration of the looming recession.Monthly GDP estimates showed an...
The British pound is drifting for a third straight day. In the European session, GBP/USD is trading at 1.2161, down 0.09%. We could see stronger volatility from the pound before the weekend, with the...
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