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

Markets were short of hard data to drive movement; however, the dollar has been somewhat firmer over the previous 24 hours, rising versus both sterling and euro. The yen was also lifted, and the environment remains broadly risk-off amid growing geopo… Read more

Theresa May spoke in Florence on Friday, outlining Britain’s stance on the divorce and ongoing relationship. She suggested a transition period of “around 2 years” – during which trade continues on current terms. She committed to the UK paying into EU… Read more

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