Tuesday’s trading saw the data releases start to gather momentum with a few announcements to reflect on. The best performer yesterday was the British Pound as it rallied further following the latest Manufacturing PMI figures that were better than expected at 57.5 compared to the forecast 56.8. Sterling made gains across the board, recovering recent […]
Yesterday was a fairly low key day for the UK and Europe with a handful of data from Italy (retail sales) and PPR figures for Spain, both of which came in as forecast. The UK had CBI Distributive Trades survey which came out at 4 compared to predicted 24 but being of little note, the […]
This week has been a particularly quiet one in the way of major data releases other than those from the UK and as such it has been altogether a much quieter one in the way of market movements. Until Wednesday much of the market in particular the majors traded sideways, and if anything it was […]
Tuesday’s economic calendar was another quiet one with only a few releases worth noting. UK mortgage approvals took a small dip from 42.2k in April to 41.8k in May, although this was slightly above the forecast figure of 41.3k. Whilst these figures are still positive for the housing market, it was the inflation hearing before […]
The week started relatively quietly on the currency markets yesterday with a smattering of data providing little in the way of decisive movement, with Sterling holding close to recent multi year highs against most of the major economies. Today is likewise not an incredibly busy day on the markets, but there are a couple of […]
Thursday’s economic calendar was a relatively quiet one with the UK taking centre stage again. In early trading the latest Retail Sales figures were announced with a sharp drop expected from last month. April’s figures were particularly impressive with 1% growth and 6.5% on the year, however May’s figures have seen a -0.5% growth and […]
Following the highs we saw at the end of last week, Monday saw a slight correction as traders took profit from their gains. Tuesday was lead by inflation data for the UK and USA with the UK coming out in the morning. The figures missed expectations and showed inflation is dropping for the UK, hitting […]
Following Wednesday’s improved UK unemployment figures, the Pound has continued on a march upwards as we head to the end of the week, with Bank of England Governor Mark Carney using his Mansion House speech last night to suggest that UK interest rates could go up later this year. In contrast to the Eurozone, which […]
Yesterday was a very quiet day on the markets, with virtually no movement of note across any of the major currencies, other than some very small range bound variance. This was due to an absence of any serious data and also the public holiday across many countries particularly in Europe. However today could see a […]