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27th November 2017 – Market Update

GBP Quiet again on the data front this week from the UK - nothing of note being released today. With just the bank stress tests and Mark Carney’s speech before the month’s end. Bank of England rate hike forecasts send GBP rates higher this morning. Policymaker Silvana Tenreyro suggested that market expectations seemed reasonable [...]

By |2018-11-20T13:26:49+00:00November 27th, 2017|News|0 Comments

24th November 2017 – Market Update

GBP Yesterday GDP figures came in line with expectations at 0.4%. Having weathered the Autumn Budget and reduced forecasts for economic growth earlier in the week, GBP exchange rates suffered broad losses following downbeat IFS report - suggesting that Britain was facing two ‘lost decades’ of earnings growth. Today there is no data being [...]

By |2018-11-20T13:28:16+00:00November 24th, 2017|News|0 Comments

23rd November 2017 – Market Update

GBP Yesterday’s budget did little to the pound with the main focus still on the ongoing Brexit negotiations and monetary policy. The OBR revised productivity growth down from 7.5% to 5.7% over the next five years – its biggest ever downgrade. While March’s 2017 GDP estimate was downgraded from 2.0% to 1.5%. However, analysts [...]

By |2017-11-27T13:58:19+00:00November 23rd, 2017|News|0 Comments

21st November 2017 – Market Update

GBPThe Pound had extended its recent gains with GBP/USD hitting almost 1.3270 overnight before opening lower at around 1.3250.Sterling looking upwards on expectations that the UK cabinet will support an increase in the Brexit bill under certain conditions. No figure is being made public at present, but it is expected to be put to the [...]

By |2017-11-21T12:31:33+00:00November 21st, 2017|News|0 Comments

30th October 2017 – Market Update

GBP Sterling will likely stay quiet until Thursday’s Bank of England meeting. With no economic data this week until the interest rate decision. There is huge speculation on whether there will be a rise in interest rates or not. Positive data last Wednesday hints towards a strong possibility. Expect coverage on this to ramp [...]

By |2017-10-30T14:53:25+00:00October 30th, 2017|News|0 Comments

25th October 2017 – Market Update

GBP Yesterday was another poor day for the pound, with no data out and uncertainty still in the air. On little news flow GBP slipped lower against all currencies in the afternoon session. With Bank of England Deputy Governor John Cunliffe stating that the UK economy has ‘clearly slowed this year’. While the EU’s [...]

By |2017-10-25T10:42:15+00:00October 25th, 2017|News|0 Comments

24th October 2017 – Market Update

GBP Quiet yesterday for sterling with only the CBI Business Confidence Indicator released from the UK. This showed that industrial confidence had fallen to the lowest level in the UK since July last year. Today again scarce in terms of any meaningful economic data with all focus on tomorrows preliminary GDP figures at 9.30. [...]

By |2017-10-24T12:58:57+00:00October 24th, 2017|News|0 Comments