Daily FX Commentary

31 October 2014 - USD reluctant to move higher despite positive GDP

By James Mills
United States Dollar: GBP/USD - Having dropped to an overnight low of 1.5970, following the end of Quantitative Easing in the US, Sterling spent yesterday morning recovering some... read more

30 October 2014 - USD surges as Fed ends QE

By James Mills
United States Dollar: GBP/USD - The safe haven dollar has surged against its UK counterpart as the US Federal Reserve Bank confirmed an end to its Quantitative Easing programme a... read more

28 October 2014 - Markets cautious ahead of tomorrow''s FOMC statement

By James Mills
United States Dollar: GBP/USD - After the turbulence of last week cable experience a relatively quiet day of trading as sterling remained well supported. With no data releases f... read more

27 October 2014 - US data dominates this weeks docket

By James Mills
United States Dollar: GBP/USD - Sterling pushed higher on Friday and UK 3rd Quarter GDP met expectations while US home sales figures did not. YoY GDP hit predicted levels of 3.0... read more

24 October 2014 - Retail Sales disappoint raising concerns over UK Economic Recovery

By James Mills
United States Dollar: GBP/USD - Sterling initially fell as UK retail sales, BBA mortgage approvals and CBI Industrial trends survey all came in below expectations but then regain... read more

23 October 2014 - Dovish MPC Minutes send GBP/USD lower

By James Mills
United States Dollar: GBP/USD - Dovish comments from the Band of England's MPC minutes saw sterling fall heavily against the Greenback. While the minutes were expected to dovish... read more

22 October 2014 - Today''s focus on BoE Minutes and US Inflation

By James Mills
United States Dollar: GBP/USD - The dollar gained back some ground yesterday as better than expected home sales data supported the Greenback. The pair started the day shrugging ... read more

21 October 2014 - GBP/USD continues above 1.61 as US rate hike expectations pushed out

By James Mills
United States Dollar: GBP/USD - The dollar retreated further through Monday's sessions as optimism of a US rate rise in Mid-2015 waned. In an interview with Bloomberg on 17th Oc... read more

20 October 2014 - GBP/USD back above 1.61 as stocks recover

By Alex Edwards
United States Dollar: The pound fell on Friday following comments from the Bank of England’s Andrew Haldane who said that interest rates could stay low for a longer period ... read more

16 October 2014 - USD sold heavily as global growth fears persist

By James Mills
United States Dollar: GBP/USD - The dollar's gains came to an end yesterday as a fall in the UKs unemployment rate coupled with lower than expected US Producer Price Index, Retai... read more

15 October 2014 - GBP falls as UK CPI hits a 5 year low

By James Mills
United States Dollar: Sterling was given its marching orders yesterday as annualised UK CPI numbers fell to the lowest level for 5 years. GBP/USD started the day at 1.6050 havin... read more

14 October 2014 - Focus today on UK CPI numbers

By James Mills
United States Dollar: Following the USD sell-off during overnight Asia trading, where GBP/USD peaked up to 1.6125, the pound spent much of Monday reversing its fortunes before fi... read more

13 October 2014 - Risk off as Eurozone fears dent global growth forecasts

By James Mills
United States Dollar: GBP/USD remained on the back foot for much of Friday as continuing growth fears in the Eurozone and its knock-on effects for the global economy hit risk app... read more

10 October 2014 - Improved US employment figures help USD gain back some ground

By James Mills
United States Dollar: GBP/USD looked to be continuing its gains from the previous day as the safe haven dollar remained weaker following Wednesdays FOMC minutes, but better than ... read more

09 October 2014 - Dovish FOMC minutes sees USD fall across the board

By James Mills
United States Dollar: GBP/USD unwound some of the previous day's gains before surging on the back of the evenings FOMC minutes. Sterling started the day having lost some overnig... read more

08 October 2014 - Markets look towards US FOMC minutes for todays direction

By James Mills
United States Dollar: GBP/USD saw higher volatility through yesterday sessions as UK Industrial and Manufacturing data saw the pair seesaw through the morning before levelling of... read more

07 October 2014 - USD broadly weaker ahead of tomorrow’s FOMC minutes

By James Mills
United States Dollar: GBP/USD pulled back some ground yesterday following Fridays' strong US jobs data and weaker than expected UK service sector PMI figures. The morning sessio... read more

06 October 2014 - Strong US jobs report sees GBP/USD fall below 1.60

By Alex Edwards
United States Dollar: GBP/USD continued to fall on Friday morning. Weaker than expected Services PMI capped off a bad week for the pound with the index printing at 58.7 vs. expe... read more

03 October 2014 - Pound drifts lower as rate hike doubts set in

By Alex Edwards
United States Dollar: Cable has fallen over the last 24 hours. There’s been a general feeling developing over the last few days that the Bank of England might not actually... read more

02 October 2014 - Euro recovers off lows ahead of ECB decision today

By Alex Edwards
United States Dollar: GBP/USD still trades within its usual range. It started off on the back foot yesterday morning, this following the release of weaker than expected Manufact... read more

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