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 08.03 Friday, 21 Nov 2014 Retail Sales Support Sterling
There was a slightly firmer tone to sterling yesterday. It was boosted by a stronger than expected increase in retail sales (+0.8% vs f’cast +0.3%) for October. GBP/USD moved up towards $1.57….
As at As at 08.33 Thursday, 20 Nov 2014 Yen Weakness Gathers Momentum
Yen weakness continues, down by over 1% against a basket of other majors. Markets continue to digest the impact from Tuesday’s snap election/delayed sales tax hike announcements, as well as recent BoJ easing……
As at As at 08.15 Wednesday, 19 Nov 2014 Monetary Policy Event Risk Today
The price action on currency markets yesterday saw the euro hold a marginally firmer tone. The strong upside surprise from the German ZEW gave a supportive backdrop to the currency………
As at As at 08.03 Tuesday, 18 Nov 2014 Firmer Tone to the Dollar
The dollar maintained its recent momentum on FX markets yesterday. Further gains by the US currency came despite some disappointing macro news………….
As at As at 07.51 Monday, 17 Nov 2014 Sterling Continues to Falter
The moves on currency markets last week provided further evidence of the heightened focus on monetary policy and thereby increased sensitivity of currencies to central bank news…..