Sterling turns into sinking ship…

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 […]

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 […]

figures are Euro positive and an indication for euro growth

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 […]

Why do FX Traders Buy Euros – Long live Teflon Euro

Good morning, The US Dollar is still the favourite of the day and tonight Yellen’s speech in Jackson Hole should do little to suggest this wont continue at least in the short term. There is very little news today in the way of economic releases so we expect a very quiet day especially in the […]

Pound Gains a Fourth Day as Retail Sales figures rise more than forecast

Pound Gains a Fourth Day as Retail Sales figures rise more than forecast US Dollar exchange rate Today‚Äôs US GDP release is the third estimate for Q4 and so is likely to be seen as old news. The weekly initial unemployment claims data will also be watched closely for further indications of the strength of […]