Author: Samuel Birnie
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Pound trims post-inflation gains as UK PMIs disappoint Daily Update
May 24 2024Pound (GBP) slips as UK service sector growth slows The pound (GBP) stumbled yesterday after the UK’s latest services PMI pointed to a much … read more
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Pound climbs as UK inflation beats forecasts Daily Update
May 23 2024Pound (GBP) boosted by hotter inflation reading The pound (GBP) surged to two-month highs yesterday after the UK’s consumer price index for April … read more
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Pound mixed amid economic optimism and BoE rate cut bets Daily Update
May 22 2024Pound (GBP) mixed following revised IMF forecasts The pound (GBP) traded in a wide range yesterday as economic optimism and Bank of England (BoE) … read more
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Pound consolidates gains ahead of UK inflation data Daily Update
May 21 2024Pound (GBP) buoyed despite mixed BoE comments The pound (GBP) strengthened against is weaker rivals yesterday, despite some mixed comments from Bank … read more
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US dollar slips amid risk-positive trade Daily Update
May 20 2024Pound (GBP) rises as risk appetite increases The pound (GBP) strengthened against many of its rivals on Friday, as an improving market mood lifted … read more
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US dollar ticks higher amid souring mood Daily Update
May 17 2024Pound (GBP) undermined by dovish BoE comments The pound (GBP) softened against some of its rivals yesterday after Bank of England (BoE) policymaker … read more
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US dollar slides to one-month low as US inflation cools Daily Update
May 16 2024Pound (GBP) buoyed by risk-positive trade The pound (GBP) rose against its safer peers yesterday as a bullish market impulse boosted the … read more
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Pound falls amid mixed labour market data Daily Update
May 15 2024Pound (GBP) weakens as UK unemployment rises The pound (GBP) fluctuated lower yesterday following mixed jobs data Although wage growth beat … read more
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US dollar softens as market mood improves Daily Update
May 14 2024Pound (GBP) fluctuates amid mixed factors The pound (GBP) initially stumbled yesterday before regaining ground in the afternoon and managing to rise … read more
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Pound unable to hold gains despite UK escaping recession Daily Update
May 13 2024Pound (GBP) sheds post-GDP gains The pound (GBP) initially strengthened on Friday after data showed that the British economy came out of recession … read more