Dooms day turning into dooms week for the pound… Can it get much worse?

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 […]

Sterling falls across the board

GBP News A quiet start to the week across the board in terms of economic data, although picks up rather quickly in tomorrow’s UK CPI and US retail sales data. This morning, the pound has fallen by around one pc against both the euro and the US Dollar. Tomorrow’s Consumer Price Index in the UK is […]

Markets settle after ‘fat fingers’ mistake

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 […]

‘Fat Fingers’ sees the pound gain 1.5% against the US Dollar

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 […]

‘Brexit’ looking more likely than ever before!

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 […]

Scotlands UKs future hangs in the balance

As we all know today is the day that Scotland votes whether to seek independence as the UK’s future hangs in the balance US Dollar exchange rates In the US the dollar climbed to six year high versus the Japanese Yen and pushed up 80 points against sterling overnight after Federal Reserve officials raised their […]

Forward Exchange Rates for Euros

Good Morning As we all know today is the day that Scotland votes whether to seek independence as the UK’s future hangs in the balance. Polling stations opened at 7am across Scotland and will close at 10pm tonight. The referendum is the culmination of almost two years of competing arguments over the viability of an […]

pound strengthened against the euro exchange rate

Big Day for both the UK and US with the minutes released for the UK at 9.30am and 7pm (GMT) respectively. US Dollar exchange rate In the US later this afternoon we have the FOMC minutes. The dollar yesterday pushed to a four month high against the pound and a nine month high against buying […]