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UK News Finally there is some signs up good news for the pound as Theresa May looks as if she is going to be the new Prime Minister in the UK. With this said, the pound has rallied acorss the board over night against both the euro and the US Dollar. Today’s releases come with …
Continue reading “Teresa May gives the pound some certainty”
UK News Thursdays Bank of England MPC meeting is going to be heavily scrutinized as BoE governor Mark Carney has already mentioned that headline interest rate are going to be cut in either this week’s meeting or next months meeting. Any further talks of this will almost certainly see the pound fall across the board. …
Continue reading “A quiet day ahead of Thursdays MPC meeting”
US News May’s Non-farm payrolls figures were incredibly disappointing coming in at 38k. Today we expect to see a slightly stronger reading of 180k. Yesterday’s ADPreport showed a rise in the private sector employment to 172k which normally sets up a relatively good release in the non-farms. If they come out as expected, we are …
Continue reading “Talks of a rate cut in the UK could see the pound fall further”
US News Signs of support for safe-havens continued last night, including things like Japanese Yen and Gold. Initial Jobless Claims are scheduled for this afternoon, this will give us a rough idea of what to expect in tomorrow’s more significant non-farm payrolls. UK News UK Industrial and Manufacturing production are both set to decline in …
US News The US joins the game again today with the ISM Non-Manufacturing figures. We do expect to see a small increase from 52.9 to 53.3and after the dollar hits its highest point against the pound since 1985, any positive key releases ill surly drive it further. Friday’s Non-farm payrolls in the US will be …
Continue reading “Dooms day turning into dooms week for the pound… Can it get much worse?”
US News A relatively quiet start to the week with a public holiday in the US for independence day. UK News The Construction PMI fell this month in the UK from 51.2 to 46.0. Anything close to 50.0 is a relatively positive release – todays was set to drop slightly but not as much as …
Continue reading “Pound falls further after referendum to leave the EU”