The US dollar (USD) broadly advanced throughout yesterday’s session, with the safe-haven currency attracting modest demand as higher energy prices fuelled concerns over inflation. The USD also drew ...
The pound (GBP) edged lower against its stronger counterparts yesterday, with a lack of UK economic releases leaving the currency short of fresh support. At the same time, UK government bond yields ...
However, with no fresh UK data to drive the currency, the pound’s gains were limited. The UK economic calendar remains light today, which could leave the pound trading without a clear directional bias ...
Further pressure could be in store for the euro today after Germany’s latest industrial data revealed a worrying plunge in factory orders during August. The US dollar (USD) attracted widespread demand ...
With domestic data in short supply, the South African rand (ZAR) is likely to remain exposed to broader market trends this week, with elevated oil prices potentially undermining sentiment towards ...
Attention now turns to today’s US non-farm payrolls report. Evidence of robust hiring in the US could provide further support for USD, whereas a weaker-than-expected result would likely drag the ...
GDP growth was revised from 0.4% to 0.5%, leaving the UK with the strongest expansion among the G7 during the first half of the year and adding to expectations that the Bank of England (BoE) could ...
The pound (GBP) attracted broad support at the beginning of this week as expectations grew that the Bank of England (BoE) could raise interest rates in November. BoE Deputy Governor Dave Ramsden added ...
US employment data will take centre stage for the US dollar (USD) this week, with the latest payroll figures likely to shape expectations for Federal Reserve policy. Continued strength in job creation ...
The pound (GBP) struggled to gain traction yesterday as fresh evidence pointed to a continued slowdown in UK consumer spending. The Confederation of British Industry’s (CBI) latest distributive trades ...
The pound (GBP) came under pressure yesterday after the UK’s services PMI fell short of expectations. The survey registered 51.7 in September, down from 52.5 in August and below forecasts of 52, ...
The pound (GBP) struggled to find momentum yesterday after fresh data revealed that UK consumer confidence had deteriorated to its weakest level in three years this month. The S&P Global consumer ...