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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”
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”
UK News Another quiet day in the UK today with only the Trade Balance figures scheduled to be released. A slight increased is expected to be seen and hopefully the pound will rise slightly across the board after the fall this morning, on the back of no UK data. The weight of the referendum is beginning …
Continue reading “UK referendum continues to hold the pound hostage”
The pound has surged over the last few days due to a mixture of positive UK data and negative data from the euro-zone. Yesterday’s Public Sector Net borrowing (pounds) was increased from 5.8B last month to 6.6B this month. Monday nights release is the main reason behind the pound increasing. From what has been said, …
Continue reading “Sterling rallies as vote to stay within the EU looks more likely”
The pound has rallied this afternoon following on from a mixture of negative data from the euro-zone and positive key releases in the UK. Bad news tends to fall off of the euro rather quickly, quite like Teflon, so the gains seen over the last few hours may be short lived. Talks about the UK …
Buying Euros – Is now the right time? Good morning, Today’s Services and Composite PMI for Germany showed that despite of the problems within the Euro-area, not all is as bad as it seems as they came in 0.6% higher than the expected value. Although, having said that as a whole the Euro-zone dropped 0.3% …
Pound to Euros reaches 1.2900! US Dollar Exchange Rates A relatively quiet day in the US today, having said that the US Dollar needs to get no stronger so hopefully the Pound will strengthen today gainst the Dollar following some potential positive UK data, currently sitting around 1.5300 US Dollar to the Pound. Pound Exchange …
ECB Buying Euros and Bonds Good morning, Yesterday saw the Euro rate weaken off overnight on concerns that the anti-austerity opposition party Syriza will win Greek elections next month endangering the country’s bailout agreement with the EU. At close of play yesterday pound euro was trading at 1.2740 and pushed up to 1.2790 at its …