Currency Analysis & Comment

Market Overview Into the final full trading week of the year, the appetite for risk remains muted and the prospects of a Santa Claus rally appear rather bleak. With dark clouds forming over the global...

Yesterday’s slightly more dovish ECB statement and press conference saw the euro fall. And there has been further follow-through on the back of today's publication of disappointing manufacturing...

The Australian and New Zealand dollar plunged on heavy selling pressures amid disappointing economic data from China. The Aussie fell almost 1% to 0.7160 against the greenback, the lowest level since...

Market Overview Risk appetite has been hit once more this morning as economic data out of China reflects the negative impact that the trade dispute with the US is having on the world’s second...

After surviving a vote of no confidence, albeit in a manner that wasn’t as convincing as she would have hoped, UK PM Theresa May is now turning her attention back to Brussels as she bids for...

Although UK Prime Minister May survived a vote of no confidence yesterday, which boosted the cable 1.58%, the pound is still in negative territory week-to-date (-0.33%). The March 2019 Brexit deadline...

Market Overview UK Prime Minister Theresa May has survived a leadership challenge from her own MPs, but it is a hollow victory in many senses. Her victory of 200 to 117 means that more than a third of...

Today’s major events in the FX markets are likely to be: The publication of US Consumer Price Index report The confidence vote for UK Prime Minister Theresa May, which we have already...

It’s been a long time coming, but this morning we finally received official confirmation that the 48 letters required to trigger a Tory leadership challenge have been submitted. The vote amongst...

We’ve heard that the threshold is about to be, or has been, breached for weeks but now that is very much the case, with 48 letters having been collected triggering a vote of no confidence in...

The pound initially fell on the back of the inevitable news that the UK Prime Minster was facing a vote of confidence this evening. However, sterling then rebounded as several ministers came out and...

Though it avoided immediately spiralling, sterling was nevertheless under pressure on Wednesday as Sir Graham Brady announced that the 1922 Committee finally has the required number of letters to...

An unexpected surge in UK wage growth allowed the pound to stick its fingers in its ears and continue its precarious rebound on Tuesday. Despite Brexit perhaps being at Peak Uncertainty – as...

Yesterday, UK Prime Minister Theresa May delayed a critical parliamentary vote on her version of Brexit, creating even greater uncertainty for both the survival of her government and the chances of an...