- Expert Views
OFX: Daily commentary
Posted on: 17 March 2017
Sterling surged higher yesterday after it was revealed that one member of the MPC, Kristin Forbes, voted for a rate hike at the last Bank of England monetary policy meeting.
Posted on: 16 March 2017
Attention turns to Washington today as the Federal Reserve rate decision looms with an expected 25bp hike in interest rates pretty much guaranteed.
Posted on: 3 March 2017
A speech from Fed Chair Janet Yellen in Chicago could effectively decide whether the markets will fully price in a March rate hike.
Posted on: 15 February 2017
Yellen's rate hike rhetoric provided a surprise for markets yesterday, as did the UK's higher inflation, which though below expectation, looks set to rise.
Posted on: 14 February 2017
Attention shifts to today's headline - CPI. Expectations are 1.9% but this could quite easily overshoot and hit the 2% goal set out by the BoE.
Posted on: 13 February 2017
It could be a significant week for the pound as the Bank of England's inflation target of 2% looms, and is projected to land at 1.9% tomorrow.
Posted on: 8 February 2017
Following the dismissal of a number of proposed amends, Commons will vote on the Brexit bill. If passed, it will be passed to the House of Lords.
Posted on: 7 February 2017
A slow start for the week in terms of data for the US dollar saw the UK's parliamentary Brexit debate take centre stage, and it enters day two today,
Posted on: 1 February 2017
Donald Trump's controversial actions in the White House continue, and as a result, so does the dollar sell-off. Meanwhile, Brexit is being debated in the UK.
Posted on: 30 January 2017
With a number of Asian markets closed for Chinese New Year celebrations, it's been a slow start to the week, but the focus remains on Trump.
Posted on: 27 January 2017
Despite strong UK GDP data yesterday, the USD has started to regain the week's losses ahead of a crucial week and Q4 GDP release this afternoon.
Posted on: 25 January 2017
The Supreme Court ruled that the terms of Brexit will be voted on in parliament before Article 50 can be triggered, but the pound continued its rise.
Posted on: 24 January 2017
Trump trades are reversing with President Donald Trump's rhetoric on protectionism still weighing heavy on the US dollar.
Posted on: 23 January 2017
Donald Trump's protectionist rhetoric at his inauguration on Friday proved unpopular the US dollar, which weakened against all G-10 currencies.
Posted on: 20 January 2017
On the day before Trump's inauguration, ECB President Draghi's comments aided euro recovery, while GBP gained on a lack of clear policy direction from Trump.