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

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

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

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 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 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