Morning Roll Call

Sterling came under pressure on Monday, as Brexit concerns appear to have reached a critical juncture. Many market commentators and those close to the negotiations, are now openly quoting that the relationship between the E.U. and the leading members of the U.K., has completely broken down. Theresa May flew to meet European Commission chief Jean-Claude […]

The key USA inflation metric (CPI) missed the forecast of 2.3% annual growth for September, coming in at 2.2% when revealed on Friday 13th, which was ahead of the reading of 1.9% recorded for August. Equity markets in the USA rose to new record highs, gold breached back above the $1300 per ounce handle, bitcoin

FX traders needed to remain hyper vigilant during Thursday’s trading sessions, as sterling currency pairs slumped and then rallied, as the political turmoil involving Brexit took center stage in Europe. The two leading negotiators; Davis and Barnier, appeared to be at odds once again, with Barnier, representing the remaining 27 E.U. members, voicing his profound

The minutes from the FOMC meeting, which concluded on September 20th, were released on Wednesday evening and despite the overwhelming consensus appearing to be in support of a another interest rate rise before the year ends, several FOMC members indicated caution; suggesting that they’d be monitoring inflation (staying near its 2% target) and other critical

After beating the forecasts on industrial production on Monday, coming in at 2.6% growth MoM for August versus the expectations of 0.9%, Germany continued its robust growth figures; export and import figures also smashed through the forecasts when the data was published on Tuesday. Exports rose by 3.1% MoM for August and imports rose by

The U.K. pound enjoyed a boost on Monday as the official statistics agency for the U.K. the ONS, announced that they’d made an error in their calculations, over their recent wage inflation data. Wage inflation in the country is apparently running at 2.6% annualized, as opposed to the 1.6% figure published last week. This news

Despite the NFP data delivering the first negative reading for seven years on Friday, at -33k, Wall Street and global investors failed to sell off the U.S. dollar, accepting that the jobs growth figure and result was an outlier, entirely due to hurricane season hitting the USA economy hard and preventing the creation of jobs

Encouraging hard economic calendar data emanating from the USA on Thursday, which also beat the consensus forecasts, helped to propel certain U.S. equity indices to record heights. Initial jobless claims came in at 260k for the week ending September 30th, with continuous claims also reducing, the trade balance deficit for August came in improved on

Two of the leading Markit PMIs for the U.K.; manufacturing and construction, came in significantly below expectations earlier in the week, therefore on Wednesday analysts and GBP investors, were looking for a rise in both the services and composite readings, to restore some faith that the recently proposed base rate rise, which the BoE governor

It’s fascinating to note how well sterling is actually holding up versus its main peers over recent weeks, despite the U.K. government’s Brexit plan beginning to fall apart at the seams. Once again, during the Conservatives annual conference in Manchester, the minister in charge of the negotiations issued the now infamous; “no deal is better