All Articles Tagged - GBPUSD

Investment Theme – Mixed UK data and Brexit uncertainty cloud outlook for sterling

Posted on August 16, 2017 at 3:08 pm GMT

After being criticised by EU officials for turning up at the negotiating table unprepared, the UK has this week published its most comprehensive vision yet of a post-Brexit relationship with the bloc. The British government published yesterday its first policy paper on a future customs agreement with the European Union, and is due to soon release a paper on Northern Ireland and its border arrangements with the Irish Republic. The paper calls for a new customs partnership with the EU [..]

Forex Market Review (Asian Session) – Dollar continues gaining against yen after yesterday’s surge on upbeat retail sales

Posted on August 16, 2017 at 7:42 am GMT

The US dollar continued gaining during the Asian session following yesterday’s spike versus the yen on upbeat retail sales. Sterling was also down against the greenback during morning trading, while other majors including the euro, aussie, kiwi and the Canadian dollar managed to recoup some of the losses against the US currency. The dollar index was broadly flat at 93.84. In terms of economic data, today’s first session of the day was relatively quiet. The wage price index for the [..]

Forex Market Review (European session) – Dollar climbs as war tensions calm; euro drifts lower after poor industrial performance

Posted on August 14, 2017 at 3:05 pm GMT

During European trading hours, the dollar managed to reverse partially from losses made on Friday, after comments by two US civil officials and the South Korean president on Monday eased war tensions between the US and North Korea. Meanwhile, the euro weakened as data out of the eurozone showed that industrial output in the area missed expectations. Following Trump’s comments on Friday, who warned that the US army was “locked and loaded” if North Korea acted unwisely, the South Korean president, Moon Jae-in, said on Monday in a meeting [..]

Forex Market Review (Asian Session) – Forex markets’ reaction muted on economic data, dollar on rise

Posted on August 14, 2017 at 7:29 am GMT

Forex markets have had a muted reaction to the released economic data during the Asian session. The yen weakened against the greenback despite an upbeat string of figures out of Japan and still ongoing tensions between the US and North Korea. The aussie softened only modestly against its US counterpart even though Chinese data were disappointing. Japan’s economy annually grew 4% in the second quarter, preliminary data released today showed. This is the fastest pace of expansion since the first [..]

Week Ahead – Japan GDP, UK and US retail sales, Aussie jobs in focus

Posted on August 11, 2017 at 3:39 pm GMT

Major data releases next week should help divert some of the attention away from the geopolitical risks back to the outlook for monetary policy. Second quarter GDP growth figures out of Japan will be the main item to watch, followed by retail sales releases in the UK, the US, and China. Inflation data will be out in Canada, the Eurozone and the UK, while the latest employment numbers are due in Australia and the UK. Chinese industrial output and retail [..]

Forex Market Review (European Session) – US-North Korea dispute remains on the forefront; dollar weakens on inflation

Posted on August 11, 2017 at 2:53 pm GMT

Rising tensions between North Korea and the United States were once again the theme of the day with only the release of much-awaited inflation figures out of the US managing to divert attention away from developments on that front. Inflation numbers surprised to the downside, leading the dollar to post considerable losses relative to other major currencies within the first minutes of data release. The all-important July inflation numbers out of the US failed to satisfy dollar bulls’ hopes of [..]

Forex Market Review (Asian Session) – Geopolitical tensions unfold, though rally for safe havens comes to halt

Posted on August 11, 2017 at 7:38 am GMT

Escalating turmoil between the US and North Korea has continued to dominate the news flow in forex markets as the war of words threatens to spill over into army confrontation. However, the demand rally for the safe haven assets came to a halt ahead of European trading. Oil prices dropped, reversing some late night gains. Markets in Asia woke up to news that President Trump increased his verbal threat to North Korea by saying that his earlier comment about “fire and [..]

Forex Market Review (European Session) – Risk-off weighs on euro; pound up after UK data; dollar mixed

Posted on August 10, 2017 at 2:52 pm GMT

Market sentiment remained largely in risk-off mood on Thursday as the latest escalation of tension between North Korea and the United States showed no sign of dissipating. North Korea said today it plans to fire four missiles near the US territory of Guam in the Pacific Ocean, branding President Trump’s warning that North Korean threats will be met with “fire and fury” as “a load of nonsense”. The heightened geopolitical anxiety continued to drive gold and the Japanese yen higher [..]

Forex News – Sterling gains as British industrial production rises, but trade balance disappoints

Posted on August 10, 2017 at 1:34 pm GMT

While the BOE is hoping for exports and investments to rebalance the slowdown in consumption, as MPC member Michael Sanders expressed a month ago, data released on Thursday showed the goods trade deficit widening and reaching the highest level since September. On the other hand, industrial output showed improvement, but the improvement was seen as temporary. As a response, sterling picked up from a three-week low it touched prior the data. According to the Office for National Statistics, British industrial [..]

Forex Market Review (Asian Session) – Lingering US-North Korea tensions continue to constrain markets, kiwi falls on RBNZ

Posted on August 10, 2017 at 7:44 am GMT

Intensifying turmoil between the US and North Korea continued to strain forex markets across the globe and to lift demand for assets perceived as safe havens for the second day. The yen and gold continued rising, while the Swiss franc took a breather against the dollar (last trading at 0.9660 francs) and the euro, but kept most of its yesterday’s hefty gains. North Korea went further with its threat to the US by providing detailed plans about how it plans to launch missile [..]

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