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EUR/GBP Could Reach Near .9000
Due to the inequality of the cuts, GBP should move lower at a faster pace than the Euro.
Week Ahead: Coronavirus, FOMC, BOE, and Brexit
On the opening next week, the focus will likely continue to be the Coronavirus.
Sterling Lower on Economic Data
For today’s most important data releases, the outcome was even worse than expected.
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Business rebound helps pound hold ground
A growth surprise is helping sterling shrug off increasingly ferocious parliamentary battles
Market Brief: Approaching the eye of the storm
Currency markets have been dominated by the latest Brexit dramas
European Equity Market Handover: The Fed still caps
The over-reaction to the Federal Reserve’s more balanced commentary on the rates outlook than expected is starting to unwind
Hedged BoE forecasts buoy sterling
BoE Governor Carney's live comments were less alarming than today's statement.
White House China comments help European markets
European markets opened stronger, taking their cue from a moderate rally in Asia, brought on by positive comments from President Trump’s economic advisor Larry Kudlow ahead of the meeting between the US and Chinese presidents this weekend.
FTSE rallies as market suffers whiplash from UK politics
The FTSE rallied on Friday but a look back at the past week shows the index has barely nudged higher than where it started.
FTSE opens higher
The FTSE stared the day strongly, up over 0.50%, pulled higher by a stronger close in the US market and positive company news including Investec’s spin off plans.
FTSE nudges higher despite Asian stock slump
European shares started the week mostly flat but there is a glint of optimism in the FTSE 100 as it slowly works its way higher.
US profit taking sees indexes in the red
The FTSE started the day lower and did not recover from there, particularly after the US indexes started declining in the afternoon.
FTSE tracks US stocks higher as trade deal lifts mood
After an early dip the FTSE turned the corner helped by new enthusiasm in the US stock markets.
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FTSE higher despite sterling plunge
Although the FTSE index managed to finish the day on a higher note most European markets were lower on the day taking their cue from a weaker open on Wall Street.
BoE scores one-nil against sterling bears
Bank of England policymakers have scored a victory against complacent sterling bears.
BoE struggles to explain new caution
Policymakers’ reasons for keeping the Bank rate at 0.5% were confusing, or, to put it more charitably, 'finely nuanced'
BoE Mark Carney Boosts Pound Following Labour Data Losses
GBP/USD has been on a rollercoaster ride today and could still see more volatility to come. GBP/USD dropped in early trade as the UK unemployment level unexpectedly ticked higher to 4.4%, from 4.3%. UK earnings growth was also interpreted as soft, giving investors little reason to cheer. Wage growth at 2.5% still remains firmly below inflation at 3%, meaning that there is no sign of the squeeze on the consumer letting up. Following the release GBP/USD sold off to $1.3908.
FTSE kicks off the week behind European counterparts
After a positive close in the US on Friday and a strong finish overnight in Asia, bourses across Europe have moved out of the bloc in positive territory. The FTSE is only up a lacklustre 0.07% lagging behind its European counter. Given the US is closed, we are expected a slow start to the week characterised by low volumes.
Initial thoughts on BOE IR
The BOE kept rates and QE unchanged today, as expected. However, some BOE members are nearing their tolerance for CPI increases. Interestingly, although the BOE […]