EUR/GBP-Commentary

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October 03, 2024

GBP flows: GBP falls on Bailey comments
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October 3, 2024 7:18 AM UTC

GBP falls back as Bailey indicates prospect of more aggressive easing

September 23, 2024

EUR, GBP flows: GBP resilient despite weaker PMI
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September 23, 2024 8:50 AM UTC

GBP moves to new highs against the EUR despite weaker PMI

EUR, GBP, CHF, USD, JPY flows: EUR drops on weak PMIs
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September 23, 2024 7:54 AM UTC

General PMI weakness in Germany and France undermines EUR, particularly against the safe havens

EUR, GBP, CHF, USD, JPY flows: PMIs in focus
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September 23, 2024 6:41 AM UTC

PMI data in focus this morning with modest dip expected. EUR has scope to extend gains if data at or above consensus

September 20, 2024

GBP flows: GBP gains after strong retail sales
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September 20, 2024 6:47 AM UTC

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

September 19, 2024

GBP flows: GBP gains after BoE MPC leaves rates unchanged
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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

September 18, 2024

GBP flows: GBP slightly firmer after as expected CPI
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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

September 11, 2024

GBP flows: GBP softer after flat GDP
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September 11, 2024 6:24 AM UTC

GBP softens after July GDP comes in unchanged m/m, below market expectations of a 0.2% rise.

September 10, 2024

GBP flows: GBP slightly firmer after labour market data
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September 10, 2024 6:19 AM UTC

UK labour market data was mixed, and mild GBP strength unlikely to extend far

August 28, 2024

EUR, CHF, GBP flows: EUR offer, GBP and CHF staying firm, but...
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August 28, 2024 7:04 AM UTC

EUR/USD looks likely to hold clos to current levels. GBP and CHF gains may start to falter

August 27, 2024

JPY, CHF, GBP flows: JPY steadier, GBP, CHF gains stretched
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August 27, 2024 7:08 AM UTC

JPY stabilising, CHF and GBP strength statign to look overdone

August 26, 2024

USD flows: Small USD Recovery, But
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August 26, 2024 1:28 PM UTC

USD is gaining some ground against the EUR in early NY trading, which appears to be largely technical and a partial correction to Friday move. 

EUR flows: ECB Lane Hints at Gradual Cuts
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August 26, 2024 7:30 AM UTC

Details of Lane comments shows he is still signalling easing. 

August 23, 2024

GBP flows: Bailey Steady Course
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August 23, 2024 3:30 PM UTC

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

EUR/GBP flows: ECB and BOE in Focus
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August 23, 2024 7:55 AM UTC

Expectations on ECB and BOE rate cuts continue to diverge causing some movements on EURGBP recently.

August 22, 2024

GBP flows: GBP firmer after strong PMI
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August 22, 2024 9:03 AM UTC

EUR/GBP dips below 0.85 as UK PMI continues to outperform

EUR flows: Bouncing as EZ numbers outperform Germany
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August 22, 2024 8:23 AM UTC

EUR bounces as EZ PMI comes in above expectations despite weaker German data

August 21, 2024

GBP, USD flows: GBP upside looking capped
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August 21, 2024 6:46 AM UTC

UK public sector borrowing highr than expected and upcoming fiscal tightening suggests some downside risks for GBP

August 16, 2024

GBP flows: GBP firm after retail sales
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August 16, 2024 6:35 AM UTC

GBP rising a little after retail sales, which were much as expected but supported the impression of an improving UK economy.

August 14, 2024

GBP flows: Softer after weaker CPI
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August 14, 2024 6:24 AM UTC

GBP softer after CPI comes in below consensus, but GBP losses unlikely to extend far

August 13, 2024

GBP flows: Stronger after labour market data
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August 13, 2024 6:42 AM UTC

GBP rise after unemployment rate drops to 4.2%, but other data more mixed

August 08, 2024

USD, JPY, GBP, CHF flows: JPY remains cheap, USD, CHF and GBP expensive
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August 8, 2024 7:10 AM UTC

The market is focused on which way risk sentiment will turn, but there is value in the FX market either way

August 01, 2024

GBP flows: GBP slightly weaker after BoE rate cut
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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. 

July 29, 2024

GBP flows: GBP weaker as risks increase
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July 29, 2024 9:46 AM UTC

Rate cut risks, extended positioning and high valuation makes GBP vulnerable

July 26, 2024

USD flows: little impact from data
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July 26, 2024 1:05 PM UTC

PCE prices marginally hgiher than expected but no impact seen. Focus shifts to next week's central bank meetings

July 24, 2024

GBP flows: GBP firm as UK PMI outperforms
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July 24, 2024 8:54 AM UTC

EUR/GBP pressing 0.84 after UK PMI marginally beats consensus

July 19, 2024

GBP flows: GBP modestly weaker after retail sales
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July 19, 2024 6:28 AM UTC

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

July 18, 2024

GBP flows: GBP slightly softer after labour market data
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July 18, 2024 6:52 AM UTC

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

July 16, 2024

USD, JPY, EUR, GBP flows: USD better bid
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July 16, 2024 7:04 AM UTC

USD firmer, but basis for gains looks flimsy

July 11, 2024

GBP flows: GBP extends gains after strong GDP
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July 11, 2024 6:34 AM UTC

May GDP stronger than expected, GBP closign in on year's highs against the EUR.

July 10, 2024

GBP flows: GBP up on Pill comments
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July 10, 2024 2:07 PM UTC

PIll comments on the hawkish side, boosting GBP

July 05, 2024

GBP flows: Little impact from election result
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July 5, 2024 6:57 AM UTC

GBP unchanged as Labour wins UK election

June 21, 2024

EUR, GBP flows: UK PMI falls but holds up better than Eurozone
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June 21, 2024 7:36 AM UTC

UK PMI weaker but EUR/GBP a little lower as UK a little better than EZ.

GBP flows: GBP little changed after retail sales
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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.

June 20, 2024

GBP flows: GBP softer after BoE
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June 20, 2024 11:15 AM UTC

Makrets see BoE comments as dovish despite unchanged 7-2 vote 

CHF, GBP flows: Some downside risks for CHF and GBP
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June 20, 2024 6:36 AM UTC

SNB and BoE monetary policy decisions today carry some risk of easier than expected policy and weaker currencies

June 19, 2024

USD flows: BOE/SNB Next Focus
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June 19, 2024 2:43 PM UTC

Thursday see key BOE and SNB meetings. 

June 12, 2024

GBP flows: GBP little changed after as expected GDP data
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June 12, 2024 6:31 AM UTC

UK April GDP flat on the month, up 0.7% on a 3m/3m basis, as expected. Little GBP impact

June 11, 2024

GBP flows: GBP slighty weaker after labour market data
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June 11, 2024 6:39 AM UTC

GBP slips a little as claimant count rises and HMRC data shows weakening earnings growth

May 24, 2024

GBP flows: GBP briefly dips on weaker retail sales
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May 24, 2024 6:28 AM UTC

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

May 23, 2024

GBP flows: GBP slips wih UK PMI
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May 23, 2024 8:44 AM UTC

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

May 22, 2024

GBP flows: GBP up as CPI falls less than expected
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May 22, 2024 6:24 AM UTC

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

May 17, 2024

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

May 14, 2024

GBP flows: GBP slips back after Pill comments
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May 14, 2024 8:39 AM UTC

GBP moves lower as BoE chief economist Pill indicates possibility of a summer rate cut

GBP flows: GBP firmer after stronger than expected earnings data
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May 14, 2024 6:22 AM UTC

Average earnings growth remains elevated and limits the chances of June rate cut from the BoE. Scope for EUR/GBP to retest 0.8550

May 10, 2024

GBP flows: GBP recovers on stronger GDP
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May 10, 2024 6:41 AM UTC

UK GDP rises a better than expected 0.6% in Q1, but breakdown looks suspicious. Nevertheless, GBP likely to hold firm short term

May 09, 2024

GBP flows: GBP weakens as 2 MPC members vote for a rate cut
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May 9, 2024 11:19 AM UTC

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

April 25, 2024

GBP flows: GBP benefiting from risk positive tone
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April 25, 2024 9:16 AM UTC

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

April 23, 2024

GBP flows: GBP up after Pill comments, but...
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April 23, 2024 2:00 PM UTC

Pill comments taken as hawkish, but don't rule out June rate cut

GBP flows: GBP up on stronger composite PMI
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April 23, 2024 8:49 AM UTC

Stronger services PMIs boosts GBP, more BoE commentary awaited