Daily FX Commentary

11 July 2014 - Euro drops as Portuguese banking worries deepen

By Alex Edwards
United States Dollar: As widely expected the Bank of England left interest rates and QE unchanged yesterday – the pound was unmoved following the announcement. The currency h... read more

09 July 2014 - Pound recovers after shock manufacturing data

By Alex Edwards
United States Dollar: Sterling slipped across the board yesterday as the latest Manufacturing Production figure undershot expectations by some distance. With the sector to expand b... read more

08 July 2014 - Markets Calm as Traders Look to FOMC Minutes

By Jake Trask
United States Dollar: Yesterday was a quiet day on the FX markets in the absence of any top tier data releases. Cable dropped through the day on profit taking as investors speculat... read more

07 July 2014 - Quiet Start to Week as Markets Look to Wednesdays FOMC Minutes

By Jake Trask
United States Dollar: Friday was relatively quiet in the financial markets with most Americans enjoying a long weekend due to the 4th July bank holiday. Thursday had seen a raft of... read more

04 July 2014 - EUR/USD Drops as NFP Beats Forecast

By Jake Trask
United States Dollar: Yesterday morning saw the monthly services PMI reading from the UK slightly undershoot expectations coming out at 57.7. A reading above 58 had been forecast a... read more

03 July 2014 - Markets await Non-Farms and ECB Rate Decision

By Jake Trask
United States Dollar: Sterling had another good 24 hours with yesterday’s monthly Construction PMI smashing forecasts printing 62.6 for June. This was much higher than the fo... read more

02 July 2014 - Pound Surges After UK Construction PMI Beats Forecast

By Jake Trask
United States Dollar: Sterling benefitted from yet more good data yesterday as the monthly Manufacturing PMI beat forecast. The report printed 57.5 (exp 56.7) up from 57 last month... read more

01 July 2014 - GBP hits 6 year highs versus USD

By James Mills
United States Dollar: GBP/USD continued its impressive run during Yesterday’s session following the news that both Net lending to individuals and Mortgage approvals rose in M... read more

30 June 2014 - Month end flows could create volatility today

By Alex Edwards
United States Dollar: GBP/USD traded convincingly above 1.70 on Friday. Data wise, the UK current account printed weaker than expected at -£18.5 billion and Final GDP q/q cam... read more

26 June 2014 - USD weakens after shocking GDP

By Alex Edwards
United States Dollar: GBP/USD has made a couple of attempts to break through the 1.70 level over the last 24 hours but has failed to make a convincing one. There was good buying su... read more

25 June 2014 - Carneys Comments Send Sterling Lower

By Jake Trask
United States Dollar: Yesterday saw BoE Governor, Mark Carney, appear before the Treasury Select Committee at the House of Commons to discuss the UK economy and Mays quarterly Infl... read more

23 June 2014 - A positive sign for the pound as 1.70 provides good support

By Alex Edwards
United States Dollar: GBP/USD drifted from its multi-years highs on Friday. It dropped from 1.7059 to a low of 1.7005. The Bank of England’s Any Haldane gave an interview wit... read more

20 June 2014 - GBP/USD Hits Another Multi-Year High

By Jake Trask
United States Dollar: Yesterday’s UK Retail Sales release printed broadly in line with expectations showing a decline of -0.5% from the previous month. After Aprils strong pe... read more

19 June 2014 - Dollar Drops on FOMC Press Conference

By Jake Trask
United States Dollar: Pound-bulls hoping for a split vote from the MPC minutes were left disappointed as it showed another 9-0 vote against raising borrowing costs. Since Mark Carn... read more

18 June 2014 - MPC Member vote numbers tempering expectations of earlier than expected Interest Rate Rise

By James Mills
United States Dollar: Sterling popped lower yesterday as UK CPI data came in at 1.5% versus an expected level of 1.7%. This was the slowest annualised rate for Four and a half year... read more

17 June 2014 - UK inflation data a reality check for the hawks

By Alex Edwards
United States Dollar: GBP/USD failed to make another push back above 1.70 yesterday. It ticked around in the high 1.69s, buoyed by the hawkish comments from Bank of England officia... read more

16 June 2014 - GBP/USD trades above 1.70 for the first time since 2009

By Alex Edwards
United States Dollar: GBP/USD pushed above 1.70 this morning, this for the first time since the summer of 2009. It made steady gains throughout the day on Friday as investors respo... read more

13 June 2014 - Carney''s comments boost the pound

By Alex Edwards
United States Dollar: The pound made steady gains yesterday. It has made even bigger gains overnight, this following Bank of England Governor Mark Carney’s keynote speech at ... read more

12 June 2014 - Pound Gains as UK Unemployment Falls

By Jake Trask
United States Dollar: Sterling found more support yesterday as the UKs level of unemployment fell faster than expected. Latest figures from the ONS showed that the unemployment lev... read more

11 June 2014 - Euro continues to drift lower as debt yields fall

By Alex Edwards
United States Dollar: UK Manufacturing and Industrial Production printed in line with market expectations on Tuesday morning, both sets of data coming in at 0.4% m/m. The pound jum... read more

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