GBP Sterling remained above 1.3200 handle in the early morning session but the bullish move struggled to gather momentum against the Dollar.
VIEW FULL ARTICLEPosted in Daily Market News on Oct 24 2017 by Ben Kohler
GBP Sterling dropped to a low of 1.3087 before a sharp move higher to 1.3201 against the Dollar. While the rapid up-move appear to be getting ahead of itself, a move towards 1.3220 would not be surprising.
VIEW FULL ARTICLEPosted in Daily Market News on Oct 23 2017 by Ben Kohler
GBP UK retail sales data fell significantly short of expectations with a headline 0.8% decline for September following a revised 0.9% gain the previous month. YoY growth slowed considerably to a four-year low of 1.2% from 2.3%.
VIEW FULL ARTICLEPosted in Daily Market News on Oct 20 2017 by Rob Affleck
GBP UK claimant count printed close to consensus forecasts, up 1,700 in September, while unemployment held at 42-year lows of 4.3%. Average earnings were marginally above expectations with a 2.2% increase in the three months to August, unchanged from the previous month.
VIEW FULL ARTICLEPosted in Daily Market News on Oct 19 2017 by Rob Affleck
GBP Today’s economic calendar is fairly empty, so the focus is on the UK’s unemployment report, released earlier today. UK jobs vacancies were at 783,000 in the three months to September, up from 779,000 in the three months to August.
VIEW FULL ARTICLEPosted in Daily Market News on Oct 18 2017 by Rob Affleck
GBP The Pound traded sideways yesterday before dropping sharply during the late afternoon after Bloomberg reported a breakdown in Brexit negotiations and a lack of progress as time runs out. Fears that the EU will refuse to compromise on a divorce payment saw Sterling drop as much as 0.3% against...
VIEW FULL ARTICLEPosted in Daily Market News on Oct 17 2017 by Rob Affleck
GBP Sterling gained support throughout Friday from increasing optimism surrounding Brexit negotiation outcomes. Reports emerged that individual EU countries were making their own preparations for trade talks with the UK. GBPEUR was trading around 1.1210 and then tested the 1.1235 resistance area in late trading.
VIEW FULL ARTICLEPosted in Daily Market News on Oct 16 2017 by Rob Affleck
GBP The Credit Conditions Survey indicated that lenders anticipate the biggest decline in credit available to consumers since 2008, reinforcing expectations of tightening standards which could reduce pressure for higher interest rates.
VIEW FULL ARTICLEPosted in Daily Market News on Oct 13 2017 by Rob Affleck
GBP Concerns are increasing over the Pound’s vulnerability if there is no agreement to expand Brexit negotiations at the key summit next week. The financial sector has increased pressure on Brexit talks as the Treasury reports that international banks would decide in early 2018 (first quarter) whether they are going...
VIEW FULL ARTICLEPosted in Daily Market News on Oct 12 2017 by Rob Affleck
GBP UK industrial production rose in line with consensus forecasts at 0.2% for August and manufacturing data edged above expectations with a 0.4% gain. The year on year manufacturing also edged up to 2.8% with July’s figure being revised up to 2.7% after the ONS made substantial revisions to previous data.
VIEW FULL ARTICLEPosted in Daily Market News on Oct 11 2017 by Rob Affleck
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