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FX Update May 11 – Sterling in the cross-hairs

GBPUSD, H1 Cable has ebbed to an intraday low at 1.2344, driven by a moderate bid in the Dollar and rumored splits within the UK cabinet...

Another Big Unemployment Claims Week

USDJPY,H1 US initial jobless claims fell -677k to 3,169k in the week ended May 2 following the -596k decline to 3,846k (was 3,839k) in the...

BOE – Sterling Stalls Again

GBPUSD, H1 BoE left the bank rate unchanged, and the asset purchase target was also left untouched at GBP 645 bln. After the bank slashed...

UK Manufacturing sours but is the floor in?

GBPUSD, H1 The UK's final April manufacturing PMI was revised lower to 32.6 from 32.9, tumbling from 47.8 in March. The final April versions of...

FX Update – April 27 – BOJ Obliges & Boris is Back

AUDJPY, H1 The Australian Dollar has outperformed while the US Dollar has underperformed amid a backdrop of rising stock markets in Asia. The narrow trade-weighted...

UK Data Dives & Sterling Outlook

GBPUSD, H1 & Weekly UK March retail sales dove 5.1% m/m, the largest decline in the series history. The data captured some of the impact...

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