The euro strengthened further yesterday morning on positive PMI data. The composite PMI held at six-year highs, while the manufacturing industry added jobs at the fastest pace in 20 years. GBP/EUR recovered towards 1.1600. EUR/USD fell below 1.1200 a… Read more

Sterling dipped yesterday after the Conservative Party’s lead in opinion polls narrowed over the weekend on controversial measures presented in its manifesto. While a Conservative Party victory is still expected, a closer race poses a greater risk to… Read more

Sterling-dollar broke 1.3000 last week on a jump in UK Retail Sales and as the dollar weakened on political controversy in the US surrounding Trump’s firing of FBI director James Comey. The rate hit resistance around 1.3050. Read more

The pound rallied yesterday as Retail Sales surprised to the upside. GBP/USD rose over 0.5% to break above the psychological barrier of 1.3000 for the first time since September. GBP/EUR rallied over 0.6% and broke back above 1.1700. Read more

The dollar fell yesterday amidst ongoing controversy over Trump’s firing of FBI Director James Comey. The controversy calls into question Trump's ability to pass fiscal stimulus and tax reform measures. Political risk weighed on stock markets. The S&… Read more

Sterling fell after an initial rise following the UK’s CPI release. Inflation rose to 2.7% in April and core inflation accelerated to 2.4%. There are concerns about the effect on real wages as average earnings rise at a slower pace. Sterling-euro fel… Read more

The dollar was on the back foot yesterday following Friday’s disappointing CPI and Retail Sales data. EUR/USD broke back above 1.1000 after meeting resistance around 1.0900 earlier in the day. The NY Empire State Manufacturing Index fell from 5.2 to… Read more

The dollar weakened after CPI and Retail Sales came in shy of forecasts on Friday. Euro-dollar broke back above 1.0900 and Sterling-dollar recovered ground towards 1.2900. Retail Sales rose 0.4% versus forecasts of 0.6%, while CPI slowed to 2.2% YoY… Read more

Sterling fell as Manufacturing and Industrial Production data disappointed expectations and the total trade deficit was wider than forecast. The pound again came under pressure on the Bank of England meeting as growth projections for this year were d… Read more

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