STERLING The Bank of England meet on Thursday for their latest rate setting meeting and this could keep movements in the pound to a minimum before hand – GBP/USD was flat at 1.2590 this morning, although has dropped to 1.2550 this afternoon. Economists are predicting a 9-0 vote by the MPC although there is the…

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US DOLLAR The Dollar Index inched higher yesterday morning to 97.6 having declined on Friday’s jobs report as soft wage data overshadowed a strong non-farm payrolls print (+263,000) with the unemployment rate falling to 3.6%, a 50-year low. The Trump administration continued to raise the temperature in trade tensions with China yesterday, with top trade…

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STERLING Brexit related developments haven taken somewhat of a backseat for the pound of late although GBP/USD dipped below 1.29 last week to a two-month low of 1.2865. The pair has inched higher overnight despite warnings from rating agencies on Friday that the UK rating is still at risk from a no-deal Brexit. Looking ahead,…

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STERLING The Pound hit its lowest level against the US Dollar in over two-weeks on Thursday at 1.2854 after the Bank of England voted 9-0 to leave the Bank Rate on hold at 0.75%. Growth forecast’s they predicted only three months ago were revised lower from 1.7% to 1.2%. The Pound strengthened during the press…

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Hong Kong

STERLING The Bank of England voted 9-0 to leave the Bank Rate on hold last week but did mention rising uncertainty related to Brexit. The release promoted only a brief drop in Sterling with GBP/USD later topping out at a six-week high on Friday at 1.3144. Brexit related headlines were mixed although the most notable…

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