Surprise upside for Pound Sterling exchange rates.

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...
Sterling rises following BoE Decision.

Sterling rises following BoE Decision.

After an important week of data and Central Bank decisions- Sterling exchange rates have managed to stabilise higher than where they started last week, both up around 1% respectively. The main reason for this was the Bank of England meeting where Governor Bailey...
Big week for the markets.

Big week for the markets.

The Pound has struggled to maintain any form of strength against the Euro and Dollar over the last month, with GBPEUR currently trading at 1.1470 and GBPUSD trading at 1.2110. After a dovish ECB meeting last week we saw the Euro weaken across the board, with recession...