Tag: Canadian Dollar
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US dollar fluctuates on mixed US data Daily Update
June 6 2024Pound (GBP) finds modest support despite lacklustre PMI The pound (GBP) managed to gain ground against its weaker rivals yesterday, despite a lack … read more
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US dollar recovers from near two-month low Daily Update
June 5 2024Pound (GBP) unclear in absence of data The pound (GBP) was mixed yesterday as a lack of UK economic data left the currency without a clear … read more
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US dollar tumbles as manufacturing PMI declines Daily Update
June 4 2024Pound (GBP) subdued despite positive manufacturing PMI The pound (GBP) initially stumbled yesterday, with confirmation of an expansion in UK … read more
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FX weekly forecast: ECB rate decision to rock the euro Weekly Forecast
June 3 2024Pound (GBP) UK economic data remains thin on the ground this week, with the UK’s finalised services PMI likely to have a negligible impact on the … read more
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Euro firms as Eurozone inflation outpaces forecasts Daily Update
Pound (GBP) softens as data remains scarce The pound (GBP) fell against many of its peers on Friday as a continued lack of UK economic data left the … read more
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US dollar declines as US economy slows more than expected Daily Update
May 31 2024Pound (GBP) slips in absence of data The pound (GBP) weakened yesterday as the ongoing lack of UK economic data left Sterling vulnerable to … read more
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US dollar rises as markets rein in Fed rate cut bets Daily Update
May 30 2024Pound (GBP) softens amid souring market mood A lack of UK data left the pound (GBP) exposed to global risk dynamics yesterday, with the increasingly … read more
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GBP, EUR and USD waver amid market volatility Daily Update
May 29 2024Pound (GBP) wavers following CBI data The pound (GBP) fluctuated yesterday, although a stronger-than-expected distributive trades survey from the … read more
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FX weekly forecast: Robust Eurozone inflation to lift the euro? Weekly Forecast
May 28 2024Pound (GBP) In the absence of any notable UK economic data, UK election speculation may act as the main catalyst of movement for the pound (GBP) … read more
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US dollar slides amid improving market mood Daily Update
Pound (GBP) subdued amid slump in retail sales The pound (GBP) was muted on Friday, but managed to avoid a selloff, despite a huge 23% slump in UK … read more