Currency Analysis & Opinion

Brexit uncertainty, falling average earnings and a very cautious sounding Mark Carney provided a toxic combination that sent the pound sharply lower on Tuesday.Theresa May continues to cling onto...

The pound’s sensitivity to Brexit-inspired political discord has flared up once again. On Tuesday GBP is dipping on the back of fears that Theresa May’s government could face defeat in the...

Investors have been left wondering whether today’s sluggish jobs data may have any implications on the Bank of England’s rate decision next month.Total pay levels rose at an annual rate of...

The New Zealand dollar surged unexpectedly on Tuesday morning with NZD/USD hitting $0.6841, the highest level since July 7th. However, the day had started badly for the Kiwi as headline inflation,...

Market OverviewWith the summer holiday season approaching. there is a sense of quiet that is taking over forex markets of late. However, there may be something in the first Congressional testimony...

The latest UK labour market report for May/June was more of the same: the unemployment rate remains at a record low of 4.2%, yet wage data stubbornly refuses to go anywhere.The bright spot is job...

The dollar started the new week lower, supporting the major currency pairs such as the EUR/USD and GBP/USD this morning.There wasn’t any fresh news out to impact the greenback, so its weakness...

There’s been some small upside seen in the pound this morning, at the beginning of what could be a pivotal week for sterling. The FTSE is little changed, seeing a little selling and pulling back...

Chinese Q2 GDP rose 6.7% year-on-year, in line with market expectations. Seasonally adjusted quarter-on-quarter growth remains comfortable at 1.80%. However, the economy is showing some weakness: June...

After a difficult start to last week for the British government, things seemed to stabilise at first sight.The departure of both David Davis, former Brexit Minister, and Boris Johnson, Foreign...

First, a review of last week’s forecast:EUR/USD. The forecast for this pair turned out to be absolutely correct. Recall that it assumed first a small growth of the pair to the resistance of...

The key themes in the FX markets over the past few days have been (1) dollar strength and (2) yen weakness. Unambiguously, this has helped to cause a breakout in the USD/JPY pair above a long-term...

The biggest themes in the markets this week can be summarised as:US dollar strength Weakness in foreign currencies – particularly where the central bank is still dovish such as the Japanese yen...

As the USA and China continue to implement punitive duties, trade surplus records are occurring.China’s June surplus is estimated at USD 41.61 billion, its highest rate since the beginning of...