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Expert market insight and updates to help you navigate the ever changing global currency markets
Currencies move in tight ranges as markets await macro data. Poor figures out of the UK lead markets to start pricing in an interest rate cut.
Dollar gains on better-than-expected US retail sales. Minutes from the ECB meeting strike an optimistic tone, but go under the radar.
US and China finally sign off on ‘phase 1’ trade deal. Disappointing UK inflation data puts pressure on the BoE to cut rates at the end of this month.
Pound reverses losses ahead of UK inflation data. US and China to sign phase 1 trade deal at around 16:30 UK time this afternoon.
Will the Bank of England cut interest rates this month? US and China set to sign a ‘phase 1’ trade deal at the White House tomorrow.
Emerging market currencies rally as Iran tensions cool. Data out of the Eurozone has taken a turn for the better, but negative rates weigh heavily.
Sterling falters as BoE’s Carney hints at interest rate cut. Comments from Fed Reserve members hint that interest rates will remain on hold in 2020.
US-Iran tensions ease as Trump foregoes military action. Investors are now fully pricing in that the UK will not be leaving with a no deal.
Iran attack on US troops triggers wave of risk aversion. Boris Johnson’s Brexit deal has returned to the House of Commons.