Daily FX Commentary

27 March 2015 - Markets Await US GDP Data

By Jake Trask
United States Dollar: The pound was buoyed yesterday as monthly Retail Sales data beat forecast to show 0.7% growth for February. The report was the 23rd in succession showing ye... read more

26 March 2015 - GBP/USD steadies around 1.49 ahead of Retail Sales

By Alex Edwards
United States Dollar: It’s been a steady last 24 hours for GBP/USD. It started the day yesterday sub 1.49 and rallied at 12:30pm following the release of weaker than expec... read more

25 March 2015 - Pound falls after inflation rate falls to zero

By Alex Edwards
United States Dollar: UK CPI printed weaker than market forecasts yesterday, showing that the UK inflation rate dropped to zero in February and below the 0.1% expected level. Th... read more

24 March 2015 - Markets await UK inflation data

By Jake Trask
United States Dollar: The dollar started the week on the back foot as investors sold off the greenback in the wake of last week’s dovish FOMC statement. With investors putt... read more

23 March 2015 - Dollar retreats as markets get off to a slow start

By Alex Edwards
United States Dollar: There wasn’t much by way of economic releases on Friday. UK public sector borrowing data showed that the budget deficit in February fell to £6.... read more

20 March 2015 - Dollar back in favour after post FOMC sell-off

By Alex Edwards
United States Dollar: The dollar recaptured quite a bit of ground yesterday following the post FOMC sell-off. GBP/USD started the day at 1.4915 and finished the London session a... read more

19 March 2015 - Dollar dumpped as Fed statement sounds dovish

By Alex Edwards
United States Dollar: It was a very active day in FX markets yesterday. The day started with the release of weaker than expected unemployment and a surprise set of weaker than e... read more

18 March 2015 - GBP/USD dragged lower again as markets await data, Budget and Fed statement

By Alex Edwards
United States Dollar: GBP/USD has fallen further over the last 24 hours and it opens this morning at 1.4735. There was no UK economic data of note yesterday and selling in the p... read more

17 March 2015 - Markets steady ahead of Fed statement tomorrow

By Alex Edwards
United States Dollar: GBP/USD traded sub 1.48 for most of the morning session on Monday but as New York came online it pushed higher and up through the big figure, dragged higher... read more

16 March 2015 - GBP/USD slips below 1.47 as Fed statement comes in to focus

By Alex Edwards
United States Dollar: The pound fell again on Friday and at one point look liked it would fall below 1.47 vs. the dollar. In the end it didn’t and has since recovered off ... read more

13 March 2015 - Euro sellers take a breather as GBP comes under pressure

By Alex Edwards
United States Dollar: GBP/USD really struggled yesterday and has fallen below 1.49. BoE Governor Mark Carney was speaking on Thursday and his comments didn’t particularly ... read more

12 March 2015 - EUR/USD continues its march towards parity

By Alex Edwards
United States Dollar: The US dollar has continued to march higher, with those strong jobs numbers on Friday still fresh in the minds of many investors and traders. EUR/USD has b... read more

11 March 2015 - Euro slumps again as confidence in QE plan and Greek reforms worsens

By Alex Edwards
United States Dollar: The dollar remains strong this morning as expectations for future Fed monetary policy increasingly diverges from that of other major central banks around th... read more

09 March 2015 - Dollar strengthens further following robust jobs report

By Alex Edwards
United States Dollar: US Non-farm payrolls printed stronger than expected on Friday and the dollar strengthened yet again. 295,000 jobs were added to the US economy in February ... read more

06 March 2015 - Euro drops to fresh 11 year lows as Draghi confirms details of QE plan

By Alex Edwards
United States Dollar: GBP/USD was steady throughout most of the day yesterday. It slipped to a low of 1.5216, once again dragged lower by the sell-off in EUR/USD. As expected, ... read more

05 March 2015 - EUR/USD sinks to an eleven year low as ECB press conference falls due

By Alex Edwards
United States Dollar: GBP/USD fell yesterday following the release of weaker than expected UK Services PMI. The index for February printed at 56.7 vs. forecasts for 57.6, and al... read more

04 March 2015 - GBP/EUR through 1.38 as stop orders are filled in early Europe

By Alex Edwards
United States Dollar: The pound pushed higher on Tuesday morning after data released at 9:30am showed February’s UK Construction PMI beat forecast to print at 60.1. The rea... read more

03 March 2015 - Dollar strengthens again despite yet more disappointing data

By Alex Edwards
United States Dollar: UK Manufacturing PMI was released yesterday morning and printed slightly stronger than market expectations, giving GBP/USD a small boost. The data showed t... read more

02 March 2015 - Dollar remains firm despite disappointing GDP data

By Alex Edwards
United States Dollar: GBP/USD bounced around on Friday morning, rising to 1.5448 in advance of the release of US data on Friday afternoon. Prelim GDP printed stronger than marke... read more

27 February 2015 - GBP/EUR hits seven year highs as euro sinks across the board

By Alex Edwards
United States Dollar: It was a quiet start to the day yesterday but as the day went on EUR/USD dropped, dragging GBP/USD lower with it. The pound fell from 1.5535 to a low of 1.... read more

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