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Market Spotlight: GBPUSD Reversing Sharply Off All-Time Lows

Markets React Negatively to UK Government Mini-BudgetThe British Pound has seen it’s most volatile trading period since the start of the pandemic with GBPUSD crashing almost 10% lower, falling to its...

FOMO Friday: GBPUSD Breaks Down To Fresh 2022 Lows

What a week. Feels like I’ve been saying this quite a lot recently, but it’s been another action-packed session for financial traders. We’ve seen rate hikes from the Fed, the SNB, Norges Bank and the...

Market Spotlight: UK Inflation Softens Slightly in August

The latest UK CPI data received this morning shows that consumer prices slowed last month in the UK to 9.9% from the prior month’s 10.1%. The market was looking for an unchanged reading against that...

Market Spotlight: Pressure On BOE As UK Wages Rise Again & Unemployment Falls

UK Wages Rise As Unemployment Falls The latest UK labour market data released today has further increased expectations of aggressive tightening action from the BOE. The unemployment rate was seen...

GBP Breaks Down Further As Dark Clouds Gather

GBP Grinding LowerThe British Pound is back under heavy selling pressure again this week, extending its recent run of losses as a stronger US Dollar continues to weigh on GBP. The currency has been...

GBP Rallies As UK Inflation Hits 10.1% - BOE Rate Forecasts Jump

UK Inflation Rises AgainThe latest set of UK inflation makes dizzying reading for UK consumers. Headline CPI hit 10.1% in July, marking an increase on the prior month’s 9.4% level and the highest...

BOE Considering Larger August Hike As UK Inflation Hits 9.4%

GBP Rallying On Fresh CPI BeatGBP hasbeen back in demand this week as traders swing their attention back onto BOErate-hike expectations. The latest set of CPI data this week showed that UKinflation is...

GBP Falls As Key UK Cabinet Members Quit & BOE Warns Ove Economic Outlook

Political Instability Rocks PoundThe British Pound is undergoing a sharp shift in sentiment this week. News of major political resignations yesterday have exacerbated the atmosphere of uncertainty and...

Market Spotlight: GBPJPY Breakout Opportunities

GBP Rallying Hard On Hawkish BOE CommentsGBP is on the move north this week amidst hawkish comments from key BOE members. Yesterday, BOE’s Mann said that the BOE’s failure to match the Fed’s...