OFX: Daily commentary


OFX: GBP rallies after MPC member votes for rate hike at last BoE meeting

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.

OFX: Markets await Fed decision and Dutch election

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.

OFX: USD continues its gains ahead of Janet Yellen’s speech

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.

UKForex: US rate hike message and UK inflation surprise markets

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.

UKForex: UK CPI and Yellen the ones to watch today

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.

UKForex: Bank of England’s 2% inflation target nearing

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.

UKForex: Commons set for Brexit bill vote

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.

UKForex: Parliamentary debates on Brexit continue today

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,

UKForex: Dollar weakens ahead of FOMC meeting

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.

UKForex: Markets calm on quiet start to the week

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.

UKForex: USD strength enters back into the market

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.

UKForex: Sterling shrugs off Supreme Court Brexit ruling

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.

UKForex: Greenback continues to weaken, Trump trades reversing

Posted on: 24 January 2017

Trump trades are reversing with President Donald Trump's rhetoric on protectionism still weighing heavy on the US dollar.

UKForex: Trump inauguration depreciates USD

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.

UKForex: Euro recovers despite dovish ECB comments

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.



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