Author: Samuel Birnie
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US Dollar continues to climb as PMI beats forecasts Daily Update
February 6 2024Pound (GBP) slides despite positive services PMI The Pound (GBP) wavered lower yesterday, despite an upward revision to the UK’s final services … read more
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US Dollar skyrockets following strong payrolls data Daily Update
February 5 2024Pound (GBP) mixed amid lack of data The Pound (GBP) traded without a clear direction on Friday as a lack of UK economic data left the increasingly … read more
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Pound rocked by BoE decision Daily Update
February 2 2024Pound (GBP) fluctuates amid BoE policy meeting The Pound (GBP) faced notable volatility yesterday as markets reacted to the Bank of England’s … read more
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US Dollar recovers as Fed quashes rate cut rumours Daily Update
February 1 2024US Dollar (USD) rebounds following hawkish Fed decision The US Dollar (USD) slumped yesterday after the latest ADP employment figures showed a … read more
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Euro rallies as Eurozone sidesteps recession Daily Update
January 31 2024Euro (EUR) climbs as GDP beats expectations The Euro (EUR) rallied on Tuesday after the latest Eurozone GDP data revealed that the bloc avoided a … read more
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Euro strikes multi-month lows following dovish ECB comments Daily Update
January 30 2024Euro (EUR) plummets amid bets on April rate cut The Euro (EUR) plunged yesterday, hitting a six-month low against the Pound, following dovish … read more
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Major currencies waver amid choppy trade Daily Update
January 29 2024Pound (GBP) mixed amid lack of UK data The Pound (GBP) traded without a clear direction at the end of last week amid a lack of UK economic … read more
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Euro tumbles following ECB decision Daily Update
January 26 2024Euro (EUR) slides amid ECB rate cut bets The Euro (EUR) slumped on Thursday following the European Central Bank’s (ECB) first interest rate … read more
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Pound supported by UK service sector growth Daily Update
January 25 2024Pound (GBP) firms after services PMI beats forecasts The Pound (GBP) found some success yesterday after the UK’s services PMI for January beat … read more
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US Dollar climbs alongside Treasury bond yields Daily Update
January 24 2024US Dollar (USD) rises as Treasury bond yields climb The US Dollar (USD) enjoyed support yesterday as the ‘Greenback’ was buoyed by rising US … read more