It was a quiet day on the calendar yesterday. Sterling saw steady gains throughout the morning against the EUR (0.5%) and a slightly smaller move against USD (0.25%). These were partly due to the CBI Distributive Trade Survey showing the retail sales… Read more

Sterling saw some support off the back of the first results of Q2 Economic growth in the UK as it was printed 0.1% better than last month’s figure of 0.2% previously. Sterling-Dollar rose towards 1.3160 but later pulled back towards 1.3040. Sterling-… Read more

Sterling saw support yesterday morning as it continued to edge away from last week’s lows. Sterling-dollar rose towards 1.3080 but later pulled back towards 1.3025. Sterling-euro also picked up during the morning session, testing 1.1200 before later … Read more

With little out on the calendar yesterday, the pound ticked up from Friday’s lows as the euro pulled back from new highs. Sterling-euro briefly retested 1.1200 and sterling-dollarregained 1.3000. Euro-dollar continued to hold above 1.1600. Read more

The calendar was quieter Friday and markets calmer following the Thursday’s euro rally on the ECB press conference. Sterling-euro held below 1.1200 and euro-dollar remained above 1.1600. Read more

The euro pulled back yesterday ahead of Thursday’s ECB meeting. Sterling-euro regained 1.1300 and euro-dollar fell back towards 1.1500 from a high around 1.1580 the previous day. Read more

The euro pulled back yesterday ahead of Thursday’s ECB meeting. Sterling-euro regained 1.1300 and euro-dollar fell back towards 1.1500 from a high around 1.1580 the previous day. Read more

Sterling stumbled yesterday as inflation surprised to the downside. CPI slowed to 2.6% from 2.9% in May. Speculation had built recently that the BoE was becoming more hawkish and moving closer to raising interest rates. Softer inflation eases pressur… Read more

Sterling pulled back from late Friday highs ahead of the start of the second round of Brexit negotiations. Sterling-dollar eased back from 1.3100 but held clear of 1.3000. The euro jumped against both the pound and the dollar overnight. Euro-dollar b… Read more

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