Currency Updates

Safe-haven currencies rally as Trump cancels North Korea summit


afe haven currencies rally as Trump cancels North Korea summit. Sterling fails to realise any positive gains on the back of positive retail sales data.

Written by

Matthew Ryan


Strong UK retail sales reignites expectations for a rate hike with the most positive data in weeks, while surprise hike on Lira stuns markets.
Matthew Ryan 24 May 2018

Pound sinks to five month low after underwhelming inflation data. Investors are keeping an eye for Fed meeting minutes expected this evening.
Matthew Ryan 23 May 2018

Sterling recovers from its sluggish run following Gertjan Vlieghe’s hawkish comments while the Dollar strength starts to weaken.
Matthew Ryan 22 May 2018

Dollar rally resumes as Latin American currencies lose over 2%. Sterling in for a critical week amid UK inflation and retail sales reports.
Enrique Díaz-Álvarez 21 May 2018

Dollar extends rally, rising to its strongest position since December 2017 while the Pound recovers following May’s denial of customs union policy.
Matthew Ryan 18 May 2018

The Euro crashes to December 2017 lows, following stirs over the Italian political landscape while the Sterling recovers from post-Brexit talk blues.
Matthew Ryan 17 May 2018

US Dollar soars to 2018 high following a strong set of retail sales while tensions in Turkey extend Lira’s losses to over 5%.
Matthew Ryan 16 May 2018

Dollar recovered after a pause in its ongoing rally against other major currencies while fears of a hard Brexit reignite in the UK.
Matthew Ryan 15 May 2018

Soft inflation data put the breaks on the Dollar rally while investors wait for data changes hinting the next rate hike.
Enrique Díaz-Álvarez 14 May 2018

Bets are on for an August rate hike as Bank of England holds rates following Thursday’s meeting, while US high streak ends.
Matthew Ryan 11 May 2018

Investor eyes fixed on this afternoon’s Bank of England interest decision and its potential impact on the ongoing four-month Sterling lows.
Matthew Ryan 10 May 2018

Predictions place that a rate hike could be put on hold in Thursday’s Bank of England MPC meeting, while concerns over a snap Italian election rise.
Matthew Ryan 9 May 2018

Speculative investors as a group still have sizable bets against the US Dollar and they appear to be scrambling to cover their positions and push the greenback higher.
Enrique Díaz-Álvarez 9 May 2018

The Dollar hovered around a four month high this morning ahead of today’s nonfarm payroll report while soft PMI services adds to Sterling losses.
Matthew Ryan 4 May 2018

The Federal Reserve sprung no surprises last night, holding interest rates steady while suggesting that it remains on course to hike again in June.
Matthew Ryan 3 May 2018