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Tag: GBP

Pound jumps on ‘Hawkish’ BoE

Thursday February 8: Five things the markets are talking about The global equity markets remain unnerved as U.S bond yields again trade atop of their four-year highs after U.S congressional leaders reached a two-year budget deal to raise government spending by almost +$300B. The bi-partisan deal is expected to stave off a government shutdown, while […]

Calm Returns to Markets Ahead of BoE Event

US Futures Flat After Uneventful Session in Europe A sense of calm appears to be gradually returning to financial markets as we near the end of the week, with indices in Europe trading a little lower and US futures flat after ending Wednesday’s session in a similar manner. While volatility in the markets has eased […]

Are BoE Interest Rate Expectations Too Bullish?

BoE to Release New Economic Forecasts Alongside Rate Decision The Bank of England holds its first monetary policy meeting of the year this week, after which it will release the quarterly inflation report alongside its monetary policy decision and hold a press conference with Governor Mark Carney. The event – which is often referred to […]

GBP/USD – Pound Under Pressure, BoE Rate Decision Next

The British pound is lower on Wednesday, as the currency has been under pressure for most of the week. In the North American session, GBP/USD is trading at 1.3883, down 0.48% on the day. On the release front, British Halifax HPI declined 0.6%, below the estimate of +0.2%. This marked the first decline since June. […]

UK Works Shift to Services Leads to Productivity Drop

The study from the Office for National Statistics (ONS) suggests that is not such much that we don’t have productive industries, it is just that more of us are working in the unproductive ones. Since the 2008 financial crisis, productivity has barely grown at all. The ONS study now provides part of the answer to […]

Weekly FX Market Update – 6 February 2018 (Video)

It’s been an extremely turbulent 24 hours in the financial market with the Dow recording its largest ever daily points drop as panic set in and traders tried to work out what was triggering such a strong sell-off. Markets have stabilized a little on Tuesday but there remains some concern among traders which continues to […]

Beware: FX Space is Calm, but Appearances can be Deceiving

Wednesday February 7: Five things the markets are talking about Risk-averse sentiment seems to have cooled for the time being as a number of the major indexes rebound in the overnight session. Note: From a volatility standpoint, the forex market space appears tranquil when compared to other asset classes like equities or bonds. The rebound […]

US Trade Deficit Reaches 9 Year High

The U.S. trade deficit widened more than expected in December, hitting its highest level since 2008 as robust domestic demand pushed imports to a record high. The Commerce Department said on Tuesday the trade gap increased 5.3 percent to $53.1 billion. That was the highest level since October 2008 and followed a slightly upwardly revised […]

GBP/USD – Pound Drops to 2-Week Low After Global Sell-off Boosts Dollar

The British pound remains under pressure this week. In Tuesday’s North American session, GBP/USD is trading at 1.3951, down 0.15% on the day. On the release front, there are no British events on the schedule. The US trade deficit widened, climbing to $53.1 billion and missing the forecast of $52.1 billion. In the US, JOLTS Jobs […]

U.S. Trade Deficit Is Wider Than Any Month or Year Since 2008

The U.S. trade deficit widened to the biggest monthly and annual levels since the last recession, underscoring the inherent friction in President Donald Trump’s goal of narrowing the gap while enjoying faster economic growth. The deficit increased 5.3 percent in December to a larger-than- expected $53.1 billion, the widest since October 2008, as imports outpaced […]