GBP flows: GBP falls back on weaker CPI

October 16, 2024 6:47 AM UTC

GBP dips as CPI data increases chances of rate cuts

GBP flows: GBP firm but downside risks

October 14, 2024 7:12 AM UTC

GBP firm overnight but risks on the downside 

GBP flows: GBP little changed after GDP, but...

October 11, 2024 6:43 AM UTC

GBP little changed as GDP rises 0.2% in August as expected, but high level of GBP looking harder to justify

USD, GBP flows: USD firm on ISM but move looking extended

October 3, 2024 2:37 PM UTC

ISM generall strong except for employment index. USD may be toppy ahead of tomorrow's employment data

GBP flows: GBP gains after strong retail sales

September 20, 2024 6:47 AM UTC

EUR/GBP testing the year's lows after retail sales extends stronger trend

GBP flows: GBP gains after BoE MPC leaves rates unchanged

September 19, 2024 11:18 AM UTC

GBP up after unchanged rate decision from MPC, with 8-1 vote less dovish than expected. Upside scope for GBP/USD

GBP flows: GBP slightly firmer after as expected CPI

September 18, 2024 6:32 AM UTC

EUR/GBP slightly lower as expected rise in core CPI sustains expectations that BoE will leave rates unchanged tomorrow

USD flows: Data adds to 25bps v 50bps from Fed and Hurt USD

September 6, 2024 12:43 PM UTC

USD pushing lower post NFP.  

EUR flows: ECB Lane Hints at Gradual Cuts

August 26, 2024 7:30 AM UTC

Details of Lane comments shows he is still signalling easing. 

GBP flows: Bailey Steady Course

August 23, 2024 3:30 PM UTC

GBP has gained a little extra ground, as BOE Bailey in Jackson Hole signals gradual rate moves.   

GBP flows: GBP slightly weaker after BoE rate cut

August 1, 2024 11:29 AM UTC

Boe cut rates as expected, but vote was close and statement and forecasts suggest pace of rate cuts will be similar to that priced in the market. 

USD flows: USD downside risk on Dudley call for an immediate rate cut

July 24, 2024 11:35 AM UTC

Former NY Fed president Dudley has written an article calling for an immediate rate cut to avoid recession. His status suggests the market will need to price in a July cut as a more significant risk, puting downward pressure on the USD.

GBP flows: GBP modestly weaker after retail sales

July 19, 2024 6:28 AM UTC

GBP slips a little lower after weaker retail sales. EUR/GBP downside looks limited

GBP flows: GBP slightly softer after labour market data

July 18, 2024 6:52 AM UTC

EUR/GBP holds above 0.84 with hawkish BoE already well priced in to the FX market.

USD flows: Weaker on CPI, more downside seen

July 11, 2024 12:52 PM UTC

Weaker US CPI puts the USD at risk across the board. JPY has the most upside potential longer term, but AUD and GBP may be the best short term performers.

USD flows: Watching U.S. Tech

June 25, 2024 10:09 AM UTC

Some traders are watching the sharp pullback in Nvidia share price in the last few sessions. 

GBP flows: GBP little changed after retail sales

June 21, 2024 6:40 AM UTC

EUR/GBP initally saw a small dip but the recovery in sales in May is of limited significance.

GBP flows: BOE June 20 Rate Cut Risks Underestimated

June 7, 2024 2:10 PM UTC

GBP main event next week will be the monthly GDP and average earnings expectations. 

GBP flows: GBP briefly dips on weaker retail sales

May 24, 2024 6:28 AM UTC

Weaker than expected April retail sales are likely erratic and will have little sustained impact on GBP

GBP flows: GBP slips wih UK PMI

May 23, 2024 8:44 AM UTC

UK composite and services PMI weaker, manufacturing better, GBP lower.

GBP flows: GBP up as CPI falls less than expected

May 22, 2024 6:24 AM UTC

EUR/GBP looks likely to test 0.85 as UK services inflation remains stubbornly high

JPY, GBP flows: JPY soft, GBP awaits Mann speech

May 17, 2024 6:58 AM UTC

USD/JPY higher after Ueda and BoJ operations discourage tightening expectations. BoE hawk Mann has more power to weaken than strengthen GBP

GBP flows: GBP weakens as 2 MPC members vote for a rate cut

May 9, 2024 11:19 AM UTC

UK rates left unchanged, but deputy governor Ramsden joins Dhingra in voting for a cut.

GBP flows: GBP benefiting from risk positive tone

April 25, 2024 9:16 AM UTC

GBP rising this morning in general risk positive market. BHP-Anglo takeover deal unlikely to be relevant

EUR, GBP flows: Weak German retail data puts some downward pressure on EUR

March 28, 2024 7:19 AM UTC

German retail sales fall again, underlining European growth underperformance.

GBP flows: GBP stays soft after retail sales data

March 22, 2024 7:31 AM UTC

GBP stays on the back foot after retail sales data shows little change in underlying trends. 

GBP flows: GBP slightly softer after UK MPC leaves rates on hold

March 21, 2024 12:23 PM UTC

GBP has weakened modestly as BoE leaves rates unchanged with an 8-1 vote. Two hawks from the February meeting now voting for no change

GBP flows: GBP little changed after CPI

March 20, 2024 7:30 AM UTC

UK February CPI slightly softer than expected, but still strong services inflation makes it unliekly BoE hawks will turn dovish

GBP flows: GBP steady after GDP but risks on the downside

March 13, 2024 7:47 AM UTC

GBP not much changed after GDP comes in in line with consensus, but underlying picture remains weak

GBP flows: GBP softer after Labour market data

March 12, 2024 7:36 AM UTC

GBP softer after earnings data shows weakness and unemployment rises. Scope above 0.8550 in EUR/GBP

GBP flows: GBP downside risks on BoE testimony

February 20, 2024 7:47 AM UTC

BoE testimony may well be more dovish in view of recent developments, suggesting GBP downside risks

GBP flows: GBP rallies modestly as retail sales bounce

February 16, 2024 7:21 AM UTC

January retail sales reversed the December decline, but the data tells us little and GBP still looks biased lower after this week's data

GBP flows: GBP downside risks after weak GDP

February 15, 2024 7:23 AM UTC

Revisions lead to lager than expected 0.3% decline in UK Q4 GDP, suggesting downside risks for GBP

GBP flows: GBP slightly lower after softer CPI

February 14, 2024 7:20 AM UTC

UK January CPI slightly softer than expected, but y/y unchanged from December and data unlikely to change BoE stance

EUR, GBP flows: EUR and particularly GBP vulnerable to PMIs

January 24, 2024 7:37 AM UTC

EUR PMIs expected to recover slightly, but risk of little change, while UK outperformance in recent months may be partly reversed

EUR/USD, GBP/USD, USD/CHF flows: USD/CHF Leads the Europeans

December 28, 2023 8:19 AM UTC

European trading has seen a soft start for the USD, as sentiment and end of year flows keep the USD on the defensive.  While the main short-term focus is the Asia surge in the JPY, the USD also remains soft against European majors.  Once again USDCHF is moving ahead of EURUSD and GBPUSD, with EURC

EUR/USD, GBP/USD, USD/CAD flows: NY USD Decline

December 27, 2023 4:55 PM UTC

The USD has lost ground in North American trading against most currencies.  The move was flow and sentiment driven rather than new news, with EUR and GBP/NOK and SEK gaining a similar percentage and AUD and JPY somewhat less.  However, traders indicate that the difference is not major and the key

GBP/USD, EUR/GBP flows: Sentiment Remain GBP Negative

December 21, 2023 8:50 AM UTC

GBP has stabilised against the EUR, but the tone remains mild negative with Wednesday’a much weaker than expected UK CPI data having prompted the money market to price in close to six 25bps rate cuts in 2024.  Traders feel that GBP can drift out versus EUR, though some also note Thursday comments

GBP/USD, EUR/GBP flows: CPI Trigger BOE Spring Rate Cut Hopes

December 20, 2023 7:17 AM UTC

GBP has fallen after the much lower than expected UK CPI figure, with the ONS indicating that it was driven by eight sub categories.  The sharp decline in core CPI from 5.7% to 5.1%, will provide comfort in itself to the BOE but will also raise questions whether UK inflation is slowing more quickly