Market Update
This morning we had the UK retail sales data released, which rose for the second consecutive month in February by 1.2%m/m, following a 0.9% rise in January (revised from 0.5%). […]
Market Update
Expectations are the pound will struggle to gain any momentum against the Euro over the coming days. Currency analysts believe the decline for the GBP/EUR is due to issues facing […]
Market Update
UK Wages continued to climb in the UK but failed to keep pace with inflation despite the largest rise outside of the COVID pandemic. Pay, excluding bonuses, increased at an […]
Market Update
Inflation in The UK has again reached new highs, climbing to 10.1% in July mainly contributed by an increase in prices for food and fuel. Expectations for inflation hitting double […]
Market Update
UK Inflation is continuing to rise at unprecedented levels, reaching 9.1% in May. Fuel and energy prices have been the biggest drivers of inflation, which has brought inflation to it’s […]
Market Update
The pound rallied today, persisting at more than two-week highs against a broadly weaker dollar, as traders await key data on the UK’s manufacturing industry this week. The strength of […]
Market Update
Last week’s economic releases were fairly quiet up until Thursday when we heard from all three major central banks (the Fed, BoE & ECB) speaking all within the space of […]
Market Update
The British pound tumbled this morning, following data that showed slumping retail sales and record-low confidence as high inflation has cut into consumer spending. Retail sales volumes slid 1.4% from […]
Market Update
Standstill. That’s one way to explain the currency market over the past day. UK PMI data came out positive except that of manufacturing PMI. Today retail sales came in at […]
Market Update
The Pound has faced its third week, in succession, of gains against the US Dollar following the Bank of Englands decision to hike interest rates, a long awaited agreement with […]