The pound will attempt to take the helm this morning
GBP: The pound will attempt to take the helm this morning, with the release of inflationary data, most importantly CPI. It will pale in comparison in terms of clout when contrasted with the inflation...
View ArticleForex, EUR, USD and GBP thoughts from Argentex this morning
GBP: No surprise that the BoE voted unanimously to keep rates on hold at 0.5%, however two members (probably Weale and McCafferty) noted that they expect a rate hike to be required before the end of...
View ArticleForex, GBP, USD, EUR comments today from Argentex
GBP: The pound is very likely to be in the back seat for much of this week, with barely any data of note from the UK. Data last week was mixed, with PPI, RPI and Retail Sales missing estimates but...
View ArticleForex today: GBP fell to a five-day low against the dollar but rebounded...
GBP The pound fell to a five-day low against the dollar but rebounded strongly in the New York session. 1.55 is forming quite a solid ceiling, with enough volume of orders to pose resistance to all but...
View ArticleFTSE technical report for the week ahead
The FTSE 100 index ended in green for the fourth consecutive week, closing at 6946.66 after making a high at 6967.24 level. The index traded sideways with a mild bullish tone on the daily chart. With...
View ArticleForex, GBP, USD, EUR commentary from Argentex today
GBP: The pound has benefitted from a weak euro these last few weeks, but a lacklustre performance against the dollar belies the underlying reason – it’s not pound strength, as opposed to the euro being...
View ArticleThe last time GBP/EUR was over 1.40 George W Bush was US President and Putin...
GBP: The pound is doing well against the euro, powering through the important psychological barrier of 1.40 with surprising ease given the huge volume of orders that had built up there. Not faring...
View ArticleForex thoughts today on GBP, EUR, USD from Argentex
GBP The pound has given up some serious ground to the US dollar in a clear indication that the Fed are expected to raise rates first. It’s dollar strength more than pound weakness though, and there’s...
View ArticleGBP, EUR and USD Thoughts today from Argentex
GBP: Although no data of note today, there are press conferences and speeches from BoE governor Carney, Chief Economist Haldane and Deputy Governor Broadbent, all of whom will hopefully have something...
View ArticleGBP, EUR, USD Thoughts today from Argentex
GBP There’s been very little data this week from the UK. The Current Account deficit was slightly worse than expected, while GDP was a nice upside surprise. Hidden beneath the headline good news of...
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