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Tag: GBP

Sterling Down on May Brexit Warnings

May resorts to rehashing old threats after failed Salzburg meeting Theresa May took to the podium on Friday in an attempt to hit back at the EU after she was humiliated in Salzburg in what was meant to be a positive meeting ahead of the Tory Party Conference. While May will be desperate for the […]

Canada retail sales climb, inflation falls, CAD rallies

Canadian retail sales climbed in July following a decline in June, led by demand for food and higher gas prices. Stats Canada said retail sales rose +0.3% in July to a seasonally adjusted C$50.9B. Note: In June, retail sales fell by a revised -0.1%. Ex-autos, July sales rose by a robust +0.9%, despite a decline […]

Sterling lower as EU rejects May Brexit proposal

Investors in buoyant mood despite trade tariffs Investors continue to brush off the ongoing trade dispute between the US and China, along with negative Brexit developments in Salzburg, with stocks in Europe trading higher to end the week. Another winning day would cap a very good week for stock markets, with the Dow and S&P […]

Central Banks up the ante to normalize interest rates

Friday September 21: Five things the markets are talking about Aside from trade, tariff and retaliation, central banks are upping the ante to “normalize” interest rates. This week, Norway’s Norges Bank has joined the BoE, and the central banks of the Czech Republic and Romania in withdrawing some of its stimulus, while Sweden’s Riksbank has […]

US-China trade war, yesterday’s news.?

US-China trade war, yesterday’s news.? The US stock markets catapulted to a new record high on Thursday as investors continued to sidestep fears over the escalating global trade war and instead focused on a boomy American economy. And at least for today anyway, US-China trade war was yesterday’s news. Make no mistake the US economy […]

GBP/USD – British pound rises to 10-week high on higher retail sales

GBP/USD has posted strong gains in the Thursday session. Currently, the pair is trading at 1.3260, up 0.85% on the day. On the release front, British retail sales posted a gain of 0.3%, beating the estimate of -0.2%. Over in the U.S indicators looked sharp, as Philly Fed Manufacturing Index and unemployment claims both beat […]

U.S weekly jobless claims fall

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong. Initial claims for state unemployment benefits fell by 3,000 to a seasonally adjusted level of 201,000 for the week ended Sept. 15, the Labor Department said on Thursday. That is […]

Brexit, UK consumer and trade in focus (video)

Nick Batsford, CEO of Core London is joined down the line by Craig Erlam, Senior Market Analyst at OANDA, to discuss why the pound has rallied on Thursday and the latest developments in the US-China trade spat. U.S weekly jobless claims fall Posted 11 minutes ago Brexit, UK consumer and trade in focus (video) Posted […]

U.S safe-haven appeal diminishes

Thursday September 20: Five things the markets are talking about It’s not been easy, two and two do not add up when trading these Twitter directional asset classes. Fundamentals have been temporary ignored as the ‘lemming’ trades takes a grip. Fading market fears over a Sino-U.S trade row has the U.S dollar trading within striking […]

GBP/USD jumps on Brexit reports and retail sales

Investors take tariffs in their stride, focused on White House response It’s been a positive start to trading in Europe on Thursday as investors continue to shrug off the latest tariffs from the US and China. US futures are currently trading flat and failing to take much of a lead from across the pond. Investors […]