Sterling has a positive start to 2024.

Sterling has a positive start to 2024.

Sterling exchange rates closed on Friday net positive for the week after GDP numbers showed that the UK economy rebounded in November- however, the part that perhaps wasn’t reported as much is that over the quarter the economy contracted by 0.2%. Overall this is...
January outlook for Sterling exchange rates.

January outlook for Sterling exchange rates.

The first week of 2024 was relatively volatile while traders found their feet- we saw stock markets sell off pretty much everyday through the week and various data releases which moved the market- we saw GBPEUR as low as 1.15 and GBPUSD as low as 1.26 before both...
Last Central Bank Decisions Of The Year This Week

Last Central Bank Decisions Of The Year This Week

This week is pretty huge on the data and announcement front- with plenty going on in the market since the strong NFP data on Friday which supported the Dollar against the Euro and Sterling into the close. The main takeaway from Fridays jobs data is that the labour...
Last Central Bank Decisions Of The Year This Week

Surprise upside for Pound Sterling exchange rates.

Last week’s data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, which means that the UK economy is no longer contracting- we may not see massive growth over the...
Sterling drops after surprise weak retail sales.

Sterling drops after surprise weak retail sales.

Last week was generally pretty supportive for Sterling exchange rates from a data perspective- however on Friday this all changed very quickly as retail sales numbers came out as low as they were last in the pandemic. These spending numbers have pretty much confirmed...