Caxton FX Weekly Report: Will a lower inflation reading be enough to trigger...
Retail sales gives sterling a boost, but will PMI figures keep the momentumgoing?Last week retail sales data gave sterling the boost needed to keep the currency competitive, especially against the...
View ArticleApril 2014 Currency Report: Will the ECB finally take action?
Market sentiment towards the pound has shifted over the month as investors begin to reassess the likelihood of tighter policy from the BoE. Considering the strength of the pound over the last few...
View ArticleConventional and unconventional policies possible from the ECB
The ECB decided to keep interest rates unchanged at 0.25% as expected, but language from ECB President Draghi was dovish and suggested we may see the central bank take action in the next few months....
View ArticleUK Manufacturing Figures come in very strongly, IMF delivers positive news
This morning’s 9:30AM release of UK Manufacturing Production m/m (1.0%) was the highest increase in manufacturing output since November 2013 (1.2%). This shows that the UK economy is churning back to...
View ArticleEUR, GBP, JPY benefit from dollar weakness
The dollar index has fallen significantly over the course of the week. This bearish attitude toward the Dollar throughout the week was a result of the Wednesday FOMC meeting in which the members of the...
View ArticleWeekly Report - Sterling feeling the resistance after a mid-week boost, ECB...
UK – Although the pound is performing very well this last week, there does seem to be resistance from other currencies against the pound, which is limiting its gains. Manufacturing Data on Tuesday gave...
View ArticleChinese economic growth slows, UK unemployment rate falls to a five-year low
Chinese GDP q/y figures beat estimates, but have continued to slow from where they were a year ago. Global equity markets are up on the day because the 7.4% q/y growth out of China beat analysts’...
View ArticleWeekly Market Analysis - UK Economic figures drive GBP to gains against most...
GBPThe UK unemployment rate dropped to a five-year low of 6.9% on Wednesdaywhich reinforced positive Manufacturing data from a week earlier. GBP/USD roseto the highest level since 2009 in what is a...
View ArticleWeekly Analysis - Sterling holds strong, Euro proves resilient, but the US...
GBP – In the UK, The last week brought relatively good news for the pound. The Bank of England meeting minutes revealed a positive revised growth estimate for the UK on Wednesday, and Retail Sales m/m...
View ArticleCable has peaked out at 1.69, at what seems to be a very high level, but...
Global Equity markets have rallied and are approaching record highs yet again going into this week with positive sentiment coming from a slightly improved Eurozone inflation figure, positive non-farm...
View ArticleECB defers action most likely until the next meeting, Cable is stopped at...
UK – The United Kingdom performed well over the last week, as Services PMI came in positively on Tuesday, the Bank of England kept the Asset Purchase Facility and the Official Bank Rate the same on...
View ArticleA week of mixed data leaves Cable stalled in the 1.68’s, the Bank of...
A stern warning from Mark Carney in a televised interview this last Sunday has emphasized the focus of the Bank of England on tackling the price increase in UK housing. “When we look at domestic risk,...
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Strong Inflation and Retail Sales figures are overshadowed by UK GDP increasing in line with expectation and widening government deficit.GBP – Sterling continued to dominate most of the market movement...
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US dollar rally ends on the back of weaker than forecasted annualized GDP figuresGBP – It has been a fairly active week from a sterling perspective despite the lack of any fundamental economic...
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Euro quickly corrects following ECB rates cut announcementGBP – This week proved to be relatively quiet from a sterling perspective with the BoE keeping both the base rate and the asset purchase target...
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Sterling approaches a five year high against the US dollar following comments from Carney that the BoE could increase rates sooner rather than laterGBP – With sterling starting the week relatively...
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Sterling finally breaks through the 1.70 resistance against the US dollar and maintains its positionGBP – The start of the week saw sterling maintain its strong position as BoE Deputy Governor Bean...
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Sterling reaches a new 5-year high against the US dollar and a new 21-month high against the euroGBP – The start of the week saw BoE Governor speak for the first time following the release of the...
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Sterling drops off against most G10 currencies amid weak UK economic dataGBP – Sterling activity was much more muted last week, as the market got to grips with the significant sterling appreciation we...
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Sterling dips below the 1.70 mark against the US dollarGBP – Sterling remained vulnerable to further downward pressure following sizeable outflows the week before. Amid the lack of any fundamental data...
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US labour market indicators point to further slackGBP – Sterling has again posted heavy losses notably against the US dollar amid the lack of any fundamental data releases out of the UK. The Gfk...
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UK industrial and manufacturing production figures drop off in JulyGBP – Sterling had a fairly mixed week as data again failed to show signs of consistency. PMI data, which remains the key gauge of...
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UK inflation edges further away from BoE 2% target levelGBP – Sterling markets remained volatile last week as more economic data and central bank comments weighed in on the currency. The week started...
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US second Q2 GDP estimate exceeds expectationsGBP – Sterling recovered against most G10 currencies, even though there was very little support in the form of economic data. Mortgage approvals fell in...
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Scottish referendum voting balance weighs in heavily on sterling marketsGBP – Sterling markets experienced further shifts in momentum last week, as economic data as well as external factors weighed in...
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