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Today, the focus is firmly on the UK with the UK Quarterly Inflation Report releases and we will also get to hear Bank of England Governor Mark Carney talk. This may bring some interesting surprises and we could well be in for a bumpy ride with GBP today. The Bank…
The focus today is on Fed Chair Yellen’s first Semiannual Monetary Policy Report to Congress. She is expected to retain her predecessor’s policies and state that further gradual tapering is likely, although there is no preset course and the Fed will adjust as needed. Last week’s U.S. employment report was…
On Friday we saw the release of non-farm payroll in the US and for the second consecutive month, fewer jobs were added than the market had anticipated. However, the markets soon reacted favourably as investors focused on the bright spots in the labour market. Only 113k jobs were created in…
There were no major surprises yesterday as both Mark Carney and Mario Draghi ensured that interest rates for the UK and the Eurozone remained on hold. As always, it was what Draghi said in his press conference after the announcement that provided more interest to the markets. Draghi reiterated…
Todays is the biggest day of the month for European and British markets as we await the interest rate decisions from the Bank of England and the European Central Bank. Analysts are divided as to whether the ECB monetary policy meeting will bring a rate cut today or next month…
As Bob Crow and his cronies try to bring London to a standstill over the next couple of days, there’s lots of news out for the markets to react to. Today should be interesting for EURGBP, as we will have a battle between the British and the EMU reports, as…
Yesterday saw Janet Yellen sworn in as the chairman of the Federal Reserve’s Board of Governors in Washington. Her term will last until February 2018. She is scheduled next week to report on monetary policy in semi-annual testimony before the House and Senate. In Australia, the RBA kept interest rates…
Nothing really happened with GBPUSD yesterday as it looked like the movement of the pair has somewhat run out of steam. This is due to the lack of major M&As on the horizon and so lack of money flowing through the pair. Focus now moves back to market fundamentals and…
The markets are closely observing developments in the Ukraine, specifically Russia’s involvement and the overall impact on investors risk appetite. In the UK, construction PMI are released this morning and this should give us a further indication of where GBP is heading against the major currencies today. ECB President Draghi…
Good morning and welcome to supposedly the last day of the wettest winter for 250 years. On the horizon today, we have a speech from Mark Carney and we await with interest whether he will cover any monetary policy issues. This morning we have seen a strong start for GBP,…