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Market news for the day: This morning UK CPI data came in higher than expected at 10.1 versus the forecasted 9.8%. The core inflation data remained unchanged at 6.2% when a decrease of 0.2% was expected. These readings will imply a quicker increase in interest rates or a reduction of…

The euro is currently sitting above the 1.0950 mark against the dollar and there are different opinions on where the rates might go. Peter Chia of UOB believes we will see the euro drop to the 1.0830 mark against the dollar, in light of the most recent euro decline.  ECB…

Last week saw GBP/USD consolidating above 1.2500 early Friday after a 3-day positive streak. The pair topped out just below 1.2550 which stays intact as a resistance level. The reason for the move against USD was somewhat due to Thursday’s Producer Price Index (PPI) data release, which showed a decline…

Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update.   EUR – Euro Firms on USD Weakness The Euro trended broadly higher over the past week. While a key part of the single currency’s…

USD The Dollar is continuing to trend cheaper versus the Euro and Pound following disappointing Jobless Claims data at 239K above forecasts of 232K and soft Producer Price Index readings. PPI declined 0.5% for March despite expectations of an increase and the YoY rate distinctly decreased to 2.7% from 4.9%….

EUR / USD Tight ranges prevailed ahead of the NY open with caution ahead of the US data while the Euro maintained above 1.0900 against the USD. There was a marginal increase in US consumer prices of 0.1% for March, slightly below consensus forecasts of 0.2% and the year-on-year inflation…

Market news for the day: US CPI (Consumer price index) will be released data today at 12:30 BST. This is the main indicator to measure inflation and changes in purchasing trends. The current expectation is for a 5.2% increase YoY to be announced. Any result which differs significantly from this…

Cable (GBP/USD) stabilised on Easter Monday above 1.24, and is gaining some positive traction above 1.2400 in the early European opening this morning. GBP is seeing a lift following this morning’s British Retail Consortium (BRC) retail sales report that showed spending has risen by 4.9% in March and the total…

GBP/USD (Cable) is hovering near Wednesday’s low at 1.2440 in the Asian session. Cable is expected to extend its downside journey as geopolitical tensions between the US and China over Taiwan have dampened the overall market mood. China’s retaliation over arms support to Taiwan by the US might result in…

S&P Global Composite PMI Data released for Germany, the Eurozone and the UK is released this morning. The same data is also released for the US at 1:45 BST. This is a leading indicator for economic activity within private sector manufacturing and services companies. For this Index a figure above…