Daily FX Commentary

29 May 2015 - Pound finishes the week lower as GDP is revised down

By Alex Edwards
United States Dollar: Data released yesterday showed that Q1 UK GDP was revised down to 0.3% vs. forecasts for 0.4%. This put the pound on the back foot throughout most of the m... read more

28 May 2015 - Aussie dollar slammed on weak private capital expenditure data

By Alex Edwards
United States Dollar: The dollar continued to strengthen yesterday supported by further bids in USD/JPY which shifted through 124.00. Overall it was a fairly quiet day though am... read more

27 May 2015 - Dollar firms up with markets back in full swing

By Alex Edwards
United States Dollar: Markets were back in full swing yesterday and the theme of the day was one of dollar strength. This was prompted early on by solid bids in USD/JPY - the p... read more

26 May 2015 - Euro weakens as Grexit worries grow

By Jake Trask
United States Dollar: It’s been a relatively quiet start to the week with Germany, France, the UK and US enjoying a bank holiday weekend. Cable currently trades at 1.5410 a... read more

22 May 2015 - Pound rises after strong retail sales data

By Jake Trask
United States Dollar: The pound got a boost yesterday from a very strong Retail Sales figure for April which printed 1.2% growth for the month. With the markets expecting 0.4% th... read more

21 May 2015 - Markets steady after MPC and FOMC minutes

By Jake Trask
United States Dollar: Yesterday was dominated by central bank minutes from either side of the Atlantic with details of both the MPC and FOMCs last meetings published. First up wa... read more

20 May 2015 - Deflation hits UK for first time since 1960

By Jake Trask
United States Dollar: It was volatile day on the FX markets yesterday with some big movements for the pound. First up we had confirmation that the UK had slipped into negative in... read more

19 May 2015 - Markets await UK CPI data

By Jake Trask
United States Dollar: Today sees the latest CPI data released at 9:30am which could see the UK slip into negative territory for the first time in over 50 years. A third consecuti... read more

15 May 2015 - Markets eye UK CPI next week

By Jake Trask
United States Dollar: It has been a relatively quiet end to the week with little data of note from the UK in the past 24 hours. The US posted another strong Unemployment Claims r... read more

14 May 2015 - GBP/USD hits 2015 high

By Jake Trask
United States Dollar: It was a volatile day for the pound yesterday as the weeks key data releases arrived one after the other in the morning. First up, at 9:30am, was the latest... read more

13 May 2015 - GBP/USD closes in on break of 1.57 ahead of important data

By Alex Edwards
United States Dollar: Last week’s election result continues to provide support to the pound and it’s now close to making a break through 1.57 vs. the U.S. dollar. It... read more

12 May 2015 - GBP climbs higher on better than expected manufacturing data

By Alex Edwards
United States Dollar: GBP/USD broke through 1.55 yesterday and even went on to push through 1.56 as the election result last week continues to provide support. In other news on ... read more

11 May 2015 - Investors cautious ahead of today''s Greek bail out negotiations

By Alex Edwards
United States Dollar: The pound has been steady since receiving its post-election boost. It hasn’t quite made it through 1.55 yet vs. the dollar but has made a couple of a... read more

08 May 2015 - Pound soars after Conservative general election victory

By Jake Trask
United States Dollar: The pound has jumped across the board overnight as one of the most surprising general elections in decades has seen the Conservatives retain power with an o... read more

07 May 2015 - Election uncertainty weighs on sterling

By Jake Trask
United States Dollar: Today see the UK going to the polls in what promises to be the closest general election in decades. The polls over the past few weeks have seen the Conserva... read more

05 May 2015 - AUD higher despite Reserve Bank rate cut overnight

By Alex Edwards
United States Dollar: It was a fairly quiet day in FX markets yesterday with London being out of action for May Day. There wasn’t much economic data released from the U.S.... read more

01 May 2015 - Euro rally takes many by surprise

By Alex Edwards
United States Dollar: It was another volatile day in FX markets yesterday. At one point during the morning session, GBP/USD came close to breaking through 1.55. It didn’t... read more

30 April 2015 - Dollar slammed again as GDP misses forecasts

By Alex Edwards
United States Dollar: The dollar was slammed again yesterday. Weaker than expected U.S. GDP released yesterday was a big contributor to the move, showing that the economy expand... read more

29 April 2015 - GBP/USD shrugs off weak GDP and reaches for 1.54

By Alex Edwards
United States Dollar: Investors sold GBP/USD yesterday following the release of weaker than expected UK GDP data. As mentioned in Tuesday’s commentary, the data showed tha... read more

28 April 2015 - Pound falls as UK GDP misses forecasts

By Alex Edwards
United States Dollar: The dollar was sold off as the New York session started yesterday. There wasn’t much by way of data; U.S. Flash Services PMI printed a little weaker ... read more

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