Currency Analysis & Opinion

There’s been further downside seen in the pound today with the currency falling below $1.28 to trade at levels not seen since mid-August. The declines in cable are due in part to a strengthening...

Yesterday’s UK budget presentation by Chancellor of the Exchequer Philip Hammond took some steam out of sterling.His spending deficit of GBP 15 billion amounts to 1.40% of GDP in 2019, with...

CNY fell to its lowest level against the USD since 2008, reaching 6.9641 on news that America is preparing new tariffs on all remaining Chinese imports, if talks on 30 November between US President...

Tuesday October 29: Five things the markets are talking aboutEuro equities are rallying for a second consecutive session, along with U.S futures as Asian indexes rebounded as the market turned its...

The UK Chancellor Phillip Hammond has delivered the UK’s budget today. Although he declared that the era of austerity is "finally coming to an end," sterling bulls were not impressed.The EUR/GBP...

Monday October 29: Five things the markets are talking aboutEuro equities are small better bid, ignoring Asia’s mixed market overnight and slightly weaker U.S futures on concerns about corporate...

At yesterday’s MPC, ECB President Mario Draghi maintained the policy unchanged and the end of the QE program by year-end, as expected. A rise in the key rate is not expected before next...

I am trying to think how and why the European Central Bank or its President Mario Draghi might want to give the euro a boost today and can’t find one good reason.I think Draghi will give very...

The European Central Bank is expected to keep policy unchanged today. Nevertheless, in light of yesterday disappointing PMIs figure from the euro-area, one cannot exclude that Mario Draghi would shift...

Current environment complicates ECB normalisation plansThe ECB meeting on Thursday was meant to be quite straightforward but in the current world of populism, trade wars and Brexit, this may be too...

A weaker pound and 23% increase in profits at Barclays (LON:BARC) lifted the FTSE back over 7000, until a sharply weaker open on Wall Street saw the UK index give up some of those gains. Bucking the...

The Bank of Canada is due to increase interest rates to 1.75% at the conclusion of its meeting today.This will be an easy decision thanks to an improving economy and the fact that Canada finally...

With the pound and euro tanking against the dollar, the European indices were allowed to build on their initial – if still insufficient – gains. For sterling, the issue is unsurprising....

A rally in the pound yesterday afternoon on reports of a breakthrough in the Irish border dispute has proved short lived with sterling coming back under pressure today and falling below the $1.30...