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Yesterday the action remained confined to narrow ranges yet again. Of the limited moves to note, sterling managed to recover some lost ground from recent days and has continued to do so this morning during the first hours of trading as risk appetite continues to firm. So where are we…

The British Pound is being tipped to remain supported over the coming weeks amidst signals that the Bank of England is putting into plan a potential interest rate rise in the first half of 2022. The Bank has thus far communicated that it expects the current bout of inflation to…

A victory over Denmark last night saw England advance to the finals on the 11th, and with the final decision regarding the lifting of lockdown restrictions the following day, there will hopefully be double cause for celebration.  In regards to currency, the USD was the victor yesterday with the greenback…

The British Pound could take some near-term guidance from a speech the Governor of the Bank of England Andrew Bailey will deliver later today at London’s Mansion House. The speech is tipped by a number of FX analysts to touch on the outlook for UK monetary policy and could provide…

Sterling starts today attempting to recoup some of the losses from last week, data wise there does not appear to be much to move the market until the release of some economic figures from Wednesday. However, new Health Secretary, Sajid Javid – who took over following Matt Hancock’s resignation is…

GBP The CBI retail sales index remained at -45 for March and weaker than expected of -36 as lockdown restrictions continued to undermine activity. There was greater optimism over the outlook for April with expectations that a gradual re-opening of the retail sector will get underway. Sterling remained vulnerable in…

GBP Brexit trade considerations remains the focal point in market direction for Sterling as reports on comments made by an EU Diplomat that the UK Internal Market Bill could have huge negative consequences. EU President Von der Leyen also stated her concern around the UKs intention to breach the Withdrawal…

GBP Brexit trade rhetoric continues to have an important impact on Sterling and according to Northern Ireland Secretary Lewis, the UK would be breaking international law in a limited way with the Internal Market legislation. There were also media reports that Sir Jonathan Jones, the UK government’s most senior lawyer…

GBP Halifax reported a 1.6% increase in UK house prices for August after a 1.7% gain the previous month. The monthly increase was slightly above market expectations with an annual increase of 5.2% from 3.8% previously, although political developments dominated during the day. EU Commission President Von der Leyen called…

GBP The UK PMI construction index declined to 54.6 for August from 58.1 previously and well below consensus forecasts of 58.5. Although the sector remained in expansion territory, there was a net slowdown in growth with activity hampered by underlying uncertainty. Bank of England MPC member Saunders noted that the…