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Expert market insight and updates to help you navigate the ever changing global currency markets.
Decoding Last Week's Market Moves: Beyond the Trade Headlines
The news last weekend of the massive Trump climb down on Chinese tariffs buoyed the dollar, but the bump soon faded and the dollar ended the week down against all of its G10 peers and nearly all major currencies worldwide.
Sterling rockets higher as MPs reject ‘no deal’ Brexit. UK Parliament will vote tonight on whether to extend Article 50 and delay Brexit.
Sterling rockets higher as MPs reject ‘no deal’ Brexit. UK Parliament will vote tonight on whether to extend Article 50 and delay Brexit.
Sterling unmoved after MPs reject May’s Brexit deal. Attention turns to next week’s FOMC meeting, where we expect a downward revision of the ‘dot-plot’.
Sterling unmoved after MPs reject May’s Brexit deal. Attention turns to next week’s FOMC meeting, where we expect a downward revision of the ‘dot-plot’.
Sterling spikes on hopes that Brexit deal could pass today. News that the Northern Irish ‘Backstop’ will not be permanent after Brexit boosted the Pound.
Sterling spikes on hopes that Brexit deal could pass today. News that the Northern Irish ‘Backstop’ will not be permanent after Brexit boosted the Pound.
Even though markets had braced themselves for a dovish ECB meeting, the central bank managed to outdo expectations with a significant downward revisions of growth and inflation forecasts and the announcement of a fresh round of cheap long term financing for banks.
The Euro sank by around one percent against the US Dollar on Thursday, putting it on course for its worst weekly performance in a year, after the ECB delivered a very dovish surprise following its latest monetary policy meeting.