The dollar was broadly under pressure yesterday following the release of the Fed’s meeting minutes, which left markets uncertain as to the timing of the next rate hike. The Fed said a hike may be appropriate “fairly soon”. Read more

The Fed’s meeting minutes indicated a rate hike might be appropriate “fairly soon” but emphasised that rates would rise gradually and didn’t give clear guidance on March. GBP/USD rose 30 pips and EUR/USD rose 40 pips as the dollar weakened as some in… Read more

Sterling fell on Friday as Retail Sales figures disappointed. Sales declined 0.3% month-on-month and slowed to 1.5% growth year-on-year. GBP/EUR and GBP/USD both fell around 0.7% on the release to below 1.1650 and 1.2400, respectively. Sterling later… Read more

The dollar was again broadly weaker yesterday despite positive economic releases, including gains in Housing Starts and Building Permits as well as lower-than-expected Initial Jobless Claims. Sterling has come under pressure this week on softer-than-… Read more

Sterling fell lower again yesterday as earnings data came in below expectations. Wage growth slowed to 2.6% both including and excluding bonuses, down from 2.8% and 2.7% in November. Cable fell 40 pips and GBP/EUR reversed a pre-release break above 1… Read more

Sterling tumbled yesterday morning as CPI rose less than expected in January. CPI rose to 1.8% YoY, the highest since June 2014 but still below the Bank of England’s 2% target rate, while Core CPI was flat at 1.6%. GBP/USD fell approximately 0.5% tow… Read more

Sterling briefly strengthened Friday morning as Manufacturing and Industrial Production data surprised to the upside and the trade deficit in goods and services narrowed in December. GBP/USD rose half a cent, later fluctuating between 1.2440 and 1.25… Read more

Sterling held at higher levels yesterday following Tuesday’s rally. GBP/EUR traded above 1.1700 and GBP/USD regained 1.2500. While the dollar’s bid tone continued in the morning session, it was sold off in the afternoon, pushing EUR/USD back towards … Read more

After an initial sell-off as London markets opened yesterday morning, the pound recovered on hawkish comments from MPC Member Forbes, rebounding significantly around the 16:00 GMT fix. Forbes, one of the more hawkish members, said that there could be… Read more

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