Euro Undermined by Dovish ECB Policy Statement, US Dollar Infused with Volatility amid Fluctuating Risk Appetite

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The Euro softened this week, as the European Central Bank (ECB) reiterated its currency dovish stance on monetary policy.  At the same time, the US Dollar traded in a wide range this week, in response to fluctuating market sentiment.  Pound Rebounds from Brexit and Tax Hike Driven Losses  GBP/EUR – Up one cent on the week’s opening levels  GBP/USD – Unchanged on the week’s opening … Read more Euro Undermined by Dovish ECB Policy Statement, US Dollar Infused with Volatility amid Fluctuating Risk Appetite

US Dollar Tumbles on Dire US Employment Releases, Euro Lifted by Strong Data Releases

US Dollar

The US Dollar faced broad pressure through this week’s session, as the currency was undermined by lacklustre employment figures, coupled with a prevailing risk-off mood.  At the same time, the Euro enjoyed some notable support through the first part of this week’s session, on the back of some robust Eurozone data.  Pound Subdued amidst UK … Read more US Dollar Tumbles on Dire US Employment Releases, Euro Lifted by Strong Data Releases

US Dollar Stumbles on Powell’s Tapering Speech, Pound Fluctuates amid UK Economic Concerns

USD

The US Dollar came under some notable pressure this week, after the Federal Reserve’s Jerome Powell confirmed tapering would start by the end of the year but still offered no firm timetable.  At the same time, the Pound was infused with volatility this week as a result of fears over the resilience of the UK … Read more US Dollar Stumbles on Powell’s Tapering Speech, Pound Fluctuates amid UK Economic Concerns

US Dollar Soars in Bearish Trade, Pound Undermined by Weak Data and Coronavirus Concerns

US Dollar

The US Dollar skyrocketed this week, as souring market sentiment saw investors flock to the safe-haven currency.  At the same time, the Pound came under some notable pressure this week as a result of some weak data and a worrying rise in domestic coronavirus cases.  Pound Tumbles on Coronavirus Concerns  GBP/EUR – Up one cent … Read more US Dollar Soars in Bearish Trade, Pound Undermined by Weak Data and Coronavirus Concerns

Pound Rangebound as UK Inflation Cools

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Pound News: GBP muted as UK inflation slows  The Pound (GBP) traded narrowly against the major currencies today following yesterday’s release of the UK’s latest unemployment rate report, which dipped from 4.8% to 4.7%.   Today also saw the UK’s inflation data cool from 2.5% in June to 2% last month, with the headline rate expected to … Read more Pound Rangebound as UK Inflation Cools

Pound Sinks as Mixed GDP Release, US Dollar Fluctuates as US Inflation ‘Peaks’

Pound Sterling

The Pound fell back this week, with the currency suffering a sharp drop off following the publication of the UK’s latest GDP estimate as it failed to impress investors.  At the same time, the US Dollar traded in a wide range this week, after being rocked in mid-week trade by the latest US consumer price … Read more Pound Sinks as Mixed GDP Release, US Dollar Fluctuates as US Inflation ‘Peaks’

US Dollar Infused with Volatility by Fluctuating Treasury Yields

US Dollar

Pound News: GBP Flat amidst Lull in Data  The Pound (GBP) is rangebound at the start of this week’s session as a lack of notable UK data releases leaves Sterling without any strong directional bias.  GBP investors continue to look to domestic coronavirus developments for fresh impetus, but a modest rise in new cases continues … Read more US Dollar Infused with Volatility by Fluctuating Treasury Yields

Pound Rallies on Hawkish BoE Outlook, US Dollar Bolstered by Strong Payroll Print

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The Pound trended broadly higher this week, strengthening on the back some surprisingly hawkish forward guidance from the Bank of England (BoE), following its latest policy meeting.  At the same time, the US Dollar was also able to appreciate this week, with the majority of the currency’s gains coming in the wake of stronger-than-expected payroll … Read more Pound Rallies on Hawkish BoE Outlook, US Dollar Bolstered by Strong Payroll Print

Pound (GBP) Sinks Ahead of Thursday’s Bank of England Interest Rate Decision

Pound Sterling

Pound News: GBP Struggles as UK Services PMI Falls Below Forecasts in July  The Pound (GBP) struggled against the major currencies today after the latest UK services PMI for July fell below forecasts from June’s 62.4 to 59.6. As a result, GBP investors have become more concerned about the outlook for the nation’s largest sector.  In … Read more Pound (GBP) Sinks Ahead of Thursday’s Bank of England Interest Rate Decision

Pound (GBP) Dips as UK Factory Sector is Beleaguered by Supply Chain pressures

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Pound News: GBP Struggles as UK Factory Sector Faces Setbacks   The Pound (GBP) struggled today following the release of the latest UK factory data for July. Despite factory growth being maintained supply chain pressures have dampened confidence in the manufacturing sector.  However, with UK Covid-19 infections showing a falling trend, some Pound investors have become more … Read more Pound (GBP) Dips as UK Factory Sector is Beleaguered by Supply Chain pressures