Detailed below are the morning comments for the last 5 working days. Please select a comment from those below to view the full details, or alternatively you can select a date from the followng drop down box:
As at As at 08.00 Tuesday, 11 Mar 2014 Sterling Starts Week on Back Foot
The action on FX markets at the start of the week was mainly subdued yesterday. Of the moves that did catch the eye, sterling was on the defensive. This weakness set in from early morning. It appears some initial GBP selling triggered some stops
As at As at 08.00 Monday, 10 Mar 2014 Euro Managing to Hold onto its Firmer Tone
The action on FX markets last week saw some strengthening of the euro. This came in the aftermath of the ECB’s decision on Thursday to hold off on any new stimulus, while also giving strong signals that policy is now on hold
As at As at 08.10 Friday, 07 Mar 2014 Markets Await US Payrolls
As expected, the ECB left policy unchanged at yesterday’s Governing Council meeting. The lack of any dovish signs/announcements pushed the euro higher on the exchanges. EUR/USD made a break above the $1.38 level, hitting a new intraday high for ...
As at As at 08.10 Thursday, 06 Mar 2014 Euro Faces Key Event Risk
From a currency perspective, yesterday proved to be another uneventful day, with most major currency pairs trading within tight ranges. Sterling did have a slightly firmer tone off the back of services PMI data for February. The index surprised ...
As at As at 08.17 Wednesday, 05 Mar 2014 Equities bounce back, FX remains subdued
A slight easing in concerns over Ukraine aided a recovery in equities yesterday, after their sold-off on Monday. The Euro Stoxx 50 was up over 2.5%, while the FTSE 100 and the S&P 500 gained over 1.5% on the day.