Pound slips despite upbeat CPI readings

Economic data from the UK came in better than expected, with the headline CPI up from 0.3% to 0.5% versus the consensus at 0.4% and the core CPI up from 1.2% to 1.4% versus the estimate at 1.3%. Underlying inflation reports such as the producer price index and retail price index also beat expectations. However, […]

Surge in CPI of little Impact to the BOE at the Moment

GBP/USD is currently trading at about 1.3260, GBP/EUR is trading at about 1.1920 as the market opens up this Tuesday morning. It is a pretty quiet European session on Monday, while we also had a quite dull Asian session overnight. Markets at the moment are still sitting on their hands basically waiting for political news […]

Global Foreign Exchange Market News Update (GBP/USD)

GBP/USD is currently trading at about 1.14600 the figure, GBP/EUR is trading just the 1.3100 mark and was able to move the 1.3100 mark for the first time since early February. Sterling is enjoying a nice move higher after Mark Carney’s testimony to the Treasury select committee on the May quarterly inflation report. It was […]

JPY sold off on Abe’s economic stimulus

Yen pairs made strong rallies in the previous Asian trading session when Japanese Prime Minister Shinzo Abe ordered his cabinet to prepare an economic stimulus package. Now that his political party was able to secure majority of the seats in the Upper House, Abe and his team seem intent on pushing for economic reforms under […]

USD advances on positive NFP expectations

The Greenback racked up gains against its forex peers when leading jobs indicators hinted at the possibility of an upside surprise for the non-farm payrolls report. The ADP non-farm employment change figure, although not considered to be an accurate predictor of the NFP, churned out a 172K increase in employment versus the projected 158K gain […]

Global Foreign Exchange Market News Update

A quick check on the markets moves over the weekend, shows that we have quality news out of the United Kingdom and surprisingly the UK Chancellor George Osborne has made headlines across financial press suggesting that he’s probably not quite as restrictive with the government funds as he may have suggested in a lead-up to […]

Pound chalks up another winning day

The British pound had another day in the green as traders continued to keep their hopes up for a positive round of negotiations between the EU officials and UK government leaders. German Finance Minister Schaeuble has already cautioned about potential domino effects of the Brexit while European Commission President Juncker has noted that Scotland can […]

Sterling Markets Firmer

The Sterling seems to hold its ground against the United States dollar and the Euro, coming in slightly firmer than it has done since the referendum last Thursday. The GBP/USD pair is down around the 1.3300. This market is not an indication for the medium term future of Sterling, as it is taking a little […]

Sterling Slaughter on the Halt for Now

GBP/USD is currently trading at about 1.3450, GBP/EUR is trading at about 1.2175, with the Sterling down once again over the course of Asian session (down around 1.75% – 2.0% on some of the crosses). The Sterling has been lower than where it is at the moment, but a statement by George Osborne who was […]

Your Forex Trading Tips For June 1, 2016

Your Forex Trading Tips For June 1, 2016 GBP/USD is currently trading at about 1.4470, GBP/EUR is trading at about 1.3000 the figure, with the Sterling lower over the course of Tuesday’s session. To opinion polls commissioned by ICM with the Guardian Newspaper showing the “Leave Campaign” ahead of the “Remain Campaign” on phone polls, […]