Posts Tagged ‘Market news’
Market News – 30 October 2017
STERLING A mixed week for the pound last week, having its best day on Wednesday after third-quarter GDP was revised higher to 0.4% after initial readings of 0.3 percent. Other macro releases were less supportive however, with CBI retail sales falling at their fastest rate since the recession. Dovish remarks from Bank of England Deputy…
Read MoreMarket News – 23 October 2017
STERLING Sterling was mostly lower versus its G10 peers last week, suffering from several set-backs, including significantly weaker than expected retail sales (falling 0.8%) along with a mixed jobs and earnings update. CPI was in line with consensus, coming in at 3 percent year on year, hitting a 5 year high in the process. On…
Read MoreMarket News – 16 October 2017
STERLING Sterling was one of the strongest G10 currencies last week. It got off to a strong start as Brexit related uncertainties appeared to have eased somewhat over the previous weekend. Gains continued Tuesday on the release of stronger-than-expected UK industrial and manufacturing production data. We then saw some notable volatility on Thursday with the…
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