Weak UK Retail sales to end the week.

Weak UK Retail sales to end the week.

Last week we saw the Pound weaken slightly after disappointing retail sales figures- this was also coupled with Deputy Prime Minister Dominic Raab’s resignation. Most of the drop in retail sales seems to have come from food (Which is where a lot of the inflation...
Dollar regains ground and GBPEUR slips to 1.12.

Dollar regains ground and GBPEUR slips to 1.12.

After a disappointing retail sales release from the U.S on Friday, we saw the markets very quickly jump into positions on the Dollar- GBPUSD fell from 1.25 down to 1.24, EURUSD from 1.10 down to 1.09, and GBPEUR from 1.1370 down to 1.1280. So why did the Dollar...
New Month Forecasts for Pound Sterling

New Month Forecasts for Pound Sterling

Overall, the month of March was quite supportive for Sterling with GBPEUR closing the month at 1.1370 and GBPUSD closing at 1.2320. With positive GDP for the UK and a relatively stable budget, there weren’t too many surprises for Sterling sellers over the month....
Weak UK Retail sales to end the week.

BoE raises rates by 25bps.

Last week was pretty jam-packed as far as announcements were concerned with the Fed and the BoE both raising interest rates by 25bps. For both central banks, it is still unclear what the forward guidance is- but with inflation still being an issue I would still not...
How will a banking crisis affect the FX markets?

How will a banking crisis affect the FX markets?

The markets have been all over the place since the closure of SVB last week, which was joined by 5 other small banks as the week went on. The latest issue on the cards is Credit Suisse who are having problems, the issue with this is that Credit Suisse is very much one...