Political uncertainty regarding Prime Minister May’s leadership of the Tory party kept the pound under pressure on Friday. Sterling-euro fell towards 1.1120 from above 1.1200 on Thursday. Read more

The pound depreciated versus all the major currencies yesterday with the continued uncertainty regarding the Conservative leadership. The pound also appears to have slipped sharply on a statement from the German BDI industry association (the equivale… Read more

Yesterday saw another weak UK PMI figure for September, this time construction, putting pressure on sterling. The index fell to 48.1 (forecast was 50.8), suggesting the sector declined at the end of Q3. Construction has struggled since last year’s Br… Read more

Sterling saw its worst performance against the dollar yesterday since June’s election day, falling around 1% as a mix of strong manufacturing data from the USD coupled with poor UK manufacturing PMI results weighed heavy on the currency. Read more

The US dollar found broad based support last week, as further details emerge on the proposed tax reforms & fiscal stimulus program. There were no seismic shifts in either EUR or GBP, although the pound softened on weaker GDP figures towards the end o… Read more

Financial markets held a relatively subdued tone across the board yesterday. The greenback’s recent gains were eroded slightly as markets analysed Trump’s latest statements on fiscal stimulus. The currency is still around 1% higher since the week beg… Read more

A speech from US President Donald Trump yesterday evening provided much needed clarity on his proposed fiscal stimulus programme including an insight into his long-awaited tax reform policies. Despite the new-found clarity, there was minimal impact t… Read more

The US dollar rallied against a number of currencies yesterday at the prospect of Donald Trump’s speech on tax reform today. The end result saw cable changing hands below 1.34 for the first time in a fortnight. The next key resistance level will be 1… Read more

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