Daily FX Commentary

22 July 2016 - GBP losses on retail sales erased overnight

By Corporate Dealer
Sterling pushed higher against the US Dollar after poor retail sales figures. The pound plunged yesterday after retail sales figures came in worse than expected. Despite the volume of retail sales increasing 4.3 % compared with June and quantity bought in read more

21 July 2016 - Retail sales could dampen Sterling gains

By Corporate Dealer
UK employment data helps cable recover Tuesdays overnight loses. 9:30am Yesterday saw the UKs key releases for the day and was a clean sweep of positive employment data. Average earnings remained unchanged at 2.3 %, claimant count change rose less than ex read more

20 July 2016 - Greenback gains as rate hike bets improve

By Corporate Dealer
Cable falls as the US posts better than expected housing data. Data yesterday started in the UK with CPI y/y seeing an improvement on the previous figure – 0.5% seen versus the forecast 0.4%. Although a positive release, it doesn’t yet reflect the post Br read more

19 July 2016 - RBA meeting minutes hits the AUD hard

By Corporate Dealer
A quiet 24 hours for cable. There was little in the way of data for this currency pair yesterday, with the only release worth monitoring was MPC member Weale speaking from the Resolution Foundation in London. read more

18 July 2016 - Sterling holds the majority of its recent gains

By Corporate Dealer
United States Dollar: Sterling has maintained the majority of its gains against the US Dollar. The Pound reached a post Brexit high of 1.3480 on Friday as markets reacted to Thursdays news with the Bank of England (BoE) keeping interest rates on hold. read more

13 July 2016 - Sterling continues to rally ahead of BoE MPC announcement

By James Mills
United States Dollar: Sterling’s gains continued through yesterday and overnight trading as a quick resolution in the Conservative leadership contest helped to bolstered th... read more

12 July 2016 - Sterling gains following announcement of new PM

By James Mills
United States Dollar: With little data of note it was political and external factors that affected Sterling’s’ movements yesterday. Following last week’s falls... read more

11 July 2016 - Friday''s US Non-Farm Payroll increase makes little impact

By James Mills
United States Dollar: There was only one story of note on Friday and that was US Non-Farm Payrolls. Despite adding 287K jobs in June, a sharp increase from the 11K it posted in ... read more

08 July 2016 - Markets await US jobs report

By Corporate Dealer
Yesterday saw better than expected data from the UK with the monthly Manufacturing Production data beating forecast at -0.5% when -1.2% had been expected. read more

07 July 2016 - FOMC delays rate hike on Brexit worries

By Corporate Dealer
The minutes from the latest FOMC meeting were released yesterday evening a showed that the UK’s referendum on EU membership was a contributing factor for the FOMC to keep rates unchanged at its June meeting. read more

06 July 2016 - GBP/USD drops below 1.30 for first time since 1985

By Corporate Dealer
Bank of England Governor Mark Carney spoke yesterday after the publication of its latest Financial Stability Report to advise that he had eased capital requirements for UK banks in an effort to keep lending going ahead of a likely recession in the second read more

05 July 2016 - Pound lower ahead of Carney speech

By Corporate Dealer
It was a relatively quiet day yesterday with the US enjoying a long weekend for the 4th July public holiday. read more

04 July 2016 - Pound under pressure ahead of BoE Financial Stability Report

By Jake Trask
United States Dollar: The pound remains under pressure across the board this morning after Thursdays press conference by Bank of England Governor, Mark Carney, indicated UK inter... read more

30 June 2016 - Brexit fears ease appetite in equities increases

By Andrew Atkins
The GBP seems to be in a strange limbo. The Uncertainty is causing downward pressure but the low rates and recent sell off appears to be driving buying activity. read more

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