The main focus for sterling traders was yesterday’s budget, delivered by the Chancellor. The main factor driving markets after the statement was the downwards revision of official GDP forecasts for the next 5 years, all were revised down by around 0.… Read more

With little in the way of macro data once again, the FX market was moving sideways and trading within now familiar ranges yesterday. GBP/USD (cable) has been holding around the 1.3250 mark for the past 3 trading sessions, a level which represents 50-… Read more

The week started with another quiet trading session which saw both GBP/USD (Cable)and GBP/EUR trade in narrow 70 pip ranges. Despite this, we have now seen Cable rally for 7 straight trading days, representing a rise of 1.6%. This can be put down to … Read more

Sterling came under pressure last week as mixed economic releases offered little support. Sterling-euro briefly dipped below 1.1100 whilst sterling-dollar continued to hold above 1.3000. The pound dipped again Friday morning after meeting resistance … Read more

Sterling picked up yesterday as mixed UK Retail Sales surprised to the upside and markets digested slightly positive headlines regarding upcoming discussions between EC President Tusk and PM May. The pound regained 1.1200 against the euro and continu… Read more

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