currecncy insight

Japanese data give upbeat vibes

Japan reported the fastest growth in corporate service prices in 8 months overnight. That and a flow of funds out of Japanese Government bonds gave heavy hints that recovery is on the way and that international investors are feeling emboldened by the data.
currecncy insight

US Fed ‘steady as she goes’ for now

Traders and investors abated their breath ahead of the testimony that US Federal Reserve Chairman Jerome Powell gave to the Joint Economic Committee yesterday. In the end, Chairman Powell kept to his oft-repeated mantra of steady as she goes.
currecncy insight

Sterling regains lost ground

The Pound regains some composure during Monday’s trade having been battered for a few days by the resurgent US Dollar. The Pound levelled off at the bottom of recent ranges and regained some strength. GBPUSD is back up to $1.39 and GBPEUR tested that pesky €1.1700 level again yesterday.
currecncy insight

Sterling drops 3 US cents in 4 days

GBPUSD dropped from $1.41 to this morning’s $1.38 in the aftermath of that statement. Sterling may have continued to slide were it not for a better-than-expected house prices survey. A 0.8% monthly rise is driven by the impending change in stamp duty but it is the strongest result since 2015.
currecncy insight

UK retail sales slip as hospitality reopens

The UK retail sales came in at -1.4% over the month in May vs. 1.6% expected and 9.2% previous. The core retail sales, stripping the auto motor fuel sales, stood at -2.1% MoM vs 1.5% expected and 9.1% previous.
currecncy insight

US Fed more hawkish – USD surges

The US Dollar slammed everything in its path overnight after the US Federal reserve upped its forecast for inflation and the pace of monetary tightening. It may not sound like much but hearing the Fed plan for 2 hikes in 2023.
currecncy insight

UK and Australia sign trade deal

The UK and Australian Prime Ministers toasted their signing of a trade deal between the two countries but that isn’t the reason for Sterling’s solid start to the day though. Consumer inflation in the UK is up 2.1% on the year to May and producer prices (output) rose 4.6%. GBPEUR is pushing that €1.1650 level again and the rise is evident against the Australasian Dollar, the Canadian Dollar and others.
currecncy insight

UK unlocking delayed 4 weeks

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE
currecncy insight

Israeli leadership change marginally strengthens ILS

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE
currecncy insight

USD weaker as investors unimpressed by strong US data

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE
currecncy insight

BOC sees strong rebound but low rates for another year

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE
currecncy insight

Quiet markets despite data

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE
currecncy insight

Jam or cream first debate not on G7 agenda

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE
currecncy insight

US employment knocks USD

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE
currecncy insight

Sterling continues to recover

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE
currecncy insight

Sterling recovers its mojo as freedom day approaches

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE
currecncy insight

NZD weaker after rash of poor data

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE
currecncy insight

GBPUSD touches pre-Brexit-vote high

The pound slipped across the board yesterday albeit not far. GBPUSD is still clinging to $1.42 by its fingernails, and GBPEUR is marginally below €1.16. The US Dollar had a better day but is still being held back by dovish sentiment as US Federal Reserve voice words of caution that match those of the BOE