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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 In the UK this morning, Aprils industrial production figures, along with the external trade and construction out put data later on in the week, will provide us with the first of the hard data outlook for Q2. It looks as if there could be a slight drop in the growth due to the …
Continue reading “Markets settle after ‘fat fingers’ mistake”
UK News In the early hours of this morning in the UK, the pound gained as much as 1.5% against the US dollar within seconds. A trader is blaming his ‘fat fingers’ for the mistyping of a transaction that saw hundreds of market orders automatically fill. The pounds gain was only short lived as it quickly moved …
Continue reading “‘Fat Fingers’ sees the pound gain 1.5% against the US Dollar”
UK News In the UK this weekend a poll has changed the views on the UK referendum and it now looks just as likely that we are going to leave the EU as it does that we are going to stay. A near 4% sway in the votes from this time last week has left the …
Continue reading “‘Brexit’ looking more likely than ever before!”
Pound Euro sits at 1.2780 Good morning, Last Friday saw the Pound gain against the Euro due to positive Manufacturing figures. The increase in rate was also helped by Germany posting a weaker than expected Trade Balance. Both of these factors kept the pounds to euros exchange rate well in to the 1.2800 for most …
Good morning, This morning’s German trade balance figures came in negative seeing the Euro exchange rate weaken off against the pound by around 20 points currently sitting around 1.2815 Other than that, a relatively quiet day for the Euro rate, with very little data of much significance to come in favoring the Euro. Yesterday’s German …
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% …