| Date | Title | Description |
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| Nov 11, 2021 | Markets shaken by strong US CPI print while policy expectations grow | GBP
Sustained dollar strength in yesterday's session following a bumper US CPI report pushed GBPUSD down 1.14%, with price action in GBPEUR less substantive given the driver was broad USD strength, of which placed pressure on EURUSD simulta... |
| Nov 1, 2021 | Friday's robust reversal puts markets on edge ahead of central bank meetings | GBP
All eyes within the FX space sit on sterling this week as a pivotal Bank of England meeting is scheduled for Thursday. Following hawkish commentary from Governor Bailey over the past month or so, money markets have upped the ante on the... |
| Oct 28, 2021 | ECB takes to the stage after blockbuster Bank of Canada meeting yesterday | GBP
The pound spent most of yesterday's session under pressure from falling Gilt yields as Chancellor Rishi Sunak delivered the Autumn budget in line with expectations. That is, all of the fiscal headroom afforded to him by the OBR's improv... |
| Oct 8, 2021 | Dollar downside limited despite temporary debt ceiling increase, Payrolls now in focus | GBP
Despite trading in a 0.5% range yesterday and largely retracing Wednesday's losses, GBPUSD price action yesterday was uninspiring. The pound broadly rallied on the minor relief of the debt ceiling increase, but gains were limited as the... |
| Oct 4, 2021 | UK to expand jobs programs as labour shortages mount, but visas excluded | GBP
Friday's session saw the pound reverse some of its losses from earlier in the week as the broad dollar index sold off more aggressively against higher beta G10 currencies. Events over the weekend have been relatively muted, with most of... |
| Sep 20, 2021 | Risk goes offered as markets flow into the US dollar | GBP
The pound starts this week nearly half a percent lower against the dollar as risk is offered across G10 and EM markets. GBP specific events have been light over the weekend, with the most notable development being the crunch in energy s... |
| Sep 10, 2021 | Risk appetite supported after hawkish CBs and promising US-China call | GBP
Sterling remains unfazed by the slip in July's GDP data this morning as it trades slightly higher against the US dollar. The economic growth data showed the economy expanding by 0.1% MoM in July, a substantial decline from June's 1% exp... |
| Aug 24, 2021 | G7 meeting in focus while risk rally extends | GBP
The extension of the risk rally in markets capped GBP losses related to Friday's worse-than-expected retail sales and GfK consumer confidence data, with GBPUSD having climbed nearly 1% since Monday's open while GBPEUR is also edging hig... |
| Jul 19, 2021 | Renewed risk-off market mood takes DXY to 3-month highs | GBP
Sterling is little changed this morning as it trades slightly lower along with the rest of the G10 against the dollar despite all lockdown restrictions being lifted in the UK. The positive news is caveated for markets, however, as the r... |
| Jul 8, 2021 | All eyes on the ECB's as it concludes its policy review | GBP
After coming back from behind in yesterday's session to close out the day on equal terms, the pound looks to have woken up with a hangover this morning. Football references aside, sterling's sluggish performance continues in this mornin... |
| Jun 22, 2021 | Powell's testimony eyed after hawkish tones cast by Fed members on Monday | GBP
The pound continues to trade on broad US dollar dynamics this week, with GBPUSD retracing Friday's losses yesterday with a 0.81% rally. This morning, the pound is back trading in the red against the dollar as it joins the whole of the G... |
| Jun 10, 2021 | Monex Europe : US CPI Inflation and ECB decision to take centre stage in FX markets | GBP
Yesterday's session saw sterling tumble across the G10 currency board at a time when US dollar strength was less pronounced than seen earlier in the week. The pound's weakness came after the European Union warned it may impose tariffs a... |
| Jun 9, 2021 | Volatility subsides ahead of pivotal US CPI release and ECB rate decision | GBP
Despite trading in a 0.56% trading range over the course of the week, GBPUSD price action has been relatively muted on an open-to-close basis. Yesterday, the pound joined the rest of the G10 currency board, with the exception of the Swi... |
| Jun 7, 2021 | Monex Europe : Dollar dynamics remain in scope with key inflation data ahead of next week's FOMC meeting | GBP
Sterling sits at the bottom of the G10 currency board today as its losses against the dollar sit at 0.16% at the time of writing. The pound is feeling the pinch of the bounceback in the greenback with GBPUSD now trading at levels last s... |
| May 28, 2021 | All eyes on Biden's spending plans as USD firms with month-end rebalancing eyed | GBP
Sterling was one of the best-performing currencies in the expanded majors yesterday, losing out to just the Hungarian forint and Brazilian real. The pound's 0.61% jump against the dollar is largely attributed to comments from outgoing e... |
| Apr 30, 2021 | Eurozone GDP prints set to reveal the damage from Q1 restrictions | GBP
Yesterday's early European session saw the pound advancing to its highest level in over a week vs the US dollar as broad dollar weakness dominated markets after the Fed continued to reinforce a dovish message to markets on Wednesday eve... |
| Apr 22, 2021 | ECB may acknowledge rosier outlook, but fireworks remain unlikely | GBP
Yesterday was a difficult day for the pound. With little news and impact data coming through the wires, sterling found itself under pressure from the off as profit taking continued in GBPUSD. Sterling awaits a catalyst for it to take th... |
| Apr 8, 2021 | Dollar sits on back foot today as FOMC minutes confirm dovish message | GBP
Concerns over the AstraZeneca vaccine in young adults were realised yesterday when the Medicine and Healthcare products Regulatory Agency stated the causal link between the vaccine and blood clots in the brain was getting stronger as mo... |
| Oct 15, 2020 | EU summit in scope for sterling, while fiscal stimulus in the US stalls | GBP
Sterling shot up yesterday on headlines that trade negotiations were showing 'some progress' according to unnamed sources. The news on the progress helped the currency unwind some of its recent negative trading as the tone of discussion... |
| Oct 5, 2020 | Donald Trump keeps diagnosis news out of market hours, little dollar reaction | GBP
Sterling is consolidating last week's modest gains this morning, after Boris John and Ursula von der Leyden agreed to continue trade talks between the UK and EU. The UK Prime Minister and European Commission president agreed to move tal... |
| Sep 3, 2020 | EUR under increasing pressure as PMIs slip despite incoming French recovery package | GBP
Sterling has maintained its momentum against both the US dollar and the euro this week, as the Government has begun to reckon with the problem of winding down and funding its recent fiscal largesse. Prime Minister Boris Johnson and Chan... |
| Jul 6, 2020 | Chinese officials give markets the green light to rally, placing emphasis on risk appetite and US virus data | GBP
Sterling continues to struggle breaking out against the dollar despite most of the G10 sitting firmly in the green this morning. The possibility of a hard Brexit at the end of the year is arguably crippling sentiment around the pound, w... |
| May 14, 2020 | Monetary stimulus remains focus for markets with Bailey next up on the wires | GBP
After a brief interlude of dollar weakness yesterday afternoon, sterling once again found itself on the back foot against the greenback last night, while also weakening against the euro. Idiosyncratic factors probably had little to do w... |
| Jul 2, 2012 | Monex Group Acquires Schneider Foreign Exchange to Form Monex Europe | Mexico’s Largest Commercial Foreign Exchange Provider Invests in European Expansion
Monex Group (Holding Monex SAPIB), one of the world’s largest commercial foreign exchange providers, has today acquired London-based FX specialist Schneider... |