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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”
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 …
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”
Good morning, The US Dollar exchange rates dropped to a three week low against multiple currencies as investors pushed back bets for when the Fed Reserve will increase interest rates. Yesterdays minutes highlighted growing concerns among policy makers who say further gains in the dollar could hurt exports and damp inflation, which has undershot the Fed’s …
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 …
Continue reading “Scotlands UKs future hangs in the balance”
Good Morning Domestically today we have the construction output figures for the UK. After four consecutive quarters of growth, the recovery in the UK construction stalled in Q2. Markets still appear to be unsure as to why this happened but are predicting output to be up 0.6%, signalling a strong start to Q3. An interesting …
Continue reading “figures are Euro positive and an indication for euro growth”
US Retail Sales will be key today as the US economy continues its upwards momentum. US Dollar exchange rate In the US today the August retail sales data will give the latest reading on the strength of the US economy in Q3. While most US data has surprised on the upside, July retail sales were …