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The sharp drop in GBP/USD late in the previous session, provided some respite for the FTSE. The FTSE has been hammered over recent days as the relentless rally in sterling pulled the index to its...
The UK’s Gross Domestic Product grew by 0.5% q/q in the 4th quarter according to a preliminary estimate released today. This is better than expectations of 0.4% q/q. The annualised figure was...
Market OverviewForex markets have become increasingly volatile in recent days and moves overnight on the dollar show this to be continuing. Mario Draghi could not reverse the course of the...
Despite Trump stating that he wants a stronger dollar, and that Treasury Secretary Steven Mnuchin was misinterpreted in his Davos comments, the greenback was looking pretty queasy after the...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.EUR/USD broke through 1.25 despite European Central Bank President Draghi’s warning that euro volatility creates...
With all the noise created by Trump’s visit in Davos, the first ECB meeting of the year will almost go unnoticed. The single currency printed another multi-year high earlier this morning as...
The ECB have left rates and its APP on hold as was widely expected by the markets. However this has not stopped the euro rallying with EURUSD breaking above the 1.2500 level, and EURGBP breaking above...
The pound continued to dominate this Thursday, as the dollar dealt with Steven Mnuchin’s latest comments and the euro waited for the month’s ECB press conference.Cable was up 0.4% as the...
Since the European Central Bank’s last policy meeting, the euro has strengthened further, most notably against the dollar, while the stock markets have also risen. However, the gains for stocks...
Market OverviewThe dollar had a huge meltdown yesterday, but can the tide of dollar selling be turned, at least in the near term, as the ECB meets today? The dollar has been under pressure since...
The euro’s recent sharp gains could come to an abrupt end this week, as we anticipate that the European Central Bank President Mario Draghi will deliver a verbal intervention at its meeting on...
As the World Economic Forum in Davos, Switzerland stretched into its second day of meetings and speeches on Wednesday, the US dollar’s persistent weakness was extended, pushing the US dollar...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.It was another crushing day for the U.S. dollar with the greenback trading sharply lower against all of the major currencies....
For months, we have obsessed over the strength of equity markets and the continuous daily record highs. However now the other side of the story is starting to gain traction, the decline of the US...
The pound went on a tear this Wednesday, rocketing higher against the euro and dollar to mark the currency’s best session for more than a month. Cable shot up a remarkable 1.6% as the day...