February 12, 2019

Sterling was back on the defensive again as European markets opened for the week on Monday.

The UK currency fell to its weakest position in three weeks as traders grew increasingly pessimistic that Theresa May will come back with any form of concessions from the Europea...

November 26, 2018

Financial markets worldwide continued to sell-off during the US Thanksgiving holiday.

In the absence of any major monetary or economic news, currency markets took their cue from other risk assets and reacted according to script. Commodity currencies like the Australian...

August 22, 2018

The Euro continued to recover ground against the US Dollar yesterday, rallying by around half a percent on Tuesday back towards the 1.16 mark.

With fears over Turkey taking a back seat for now, investors have unwound many of their recent safe-haven flows and poured back...

August 20, 2018

Attention continues to be focused on Turkey, as the Lira responds to political developments swinging wildly in both directions.

While major G10 currencies ended the week not far from where they began, the volatility in Turkey spooked emerging market investors. The Lira...

August 15, 2018

The Pound continued to lose ground against a broadly stronger US Dollar on Tuesday, briefly falling below the 1.27 mark this morning, as ongoing concerns over Turkey led to another risk off session.

Tuesday’s UK labour report was also very mixed. While there a was an en...

August 14, 2018

Financial markets remained rocked by last week’s sharp sell-off in the Turkish Lira on Monday.

The Lira (TRY) was sold-off violently in the past few days. The currency was sent into freefall on Friday, crashing by over 20% to a fresh record low during a frantic session...

August 13, 2018

A classic emerging market crisis slammed currency markets last week.

The Turkish Lira crashed as President Erdogan and his financial advisers appear to be losing control of the situation and make increasingly bizarre and unhelpful statements. The Euro managed a modest r...

July 24, 2018

Currency markets were relatively quiet on Monday, with the major currencies mostly range bound ahead of a busy couple of weeks of central bank monetary policy meetings.

First up will be this Thursday’s European Central Bank meeting. As we mentioned last week, we think t...

Sterling was the worst performing G10 currency last week. Relatively solid labour data was not enough to offset disappointing inflation figures, and news that Prime Minister May is finding it increasingly difficult to put forth any coherent plan at all, as first the ha...

July 19, 2018

The Pound continued to languish around the 1.30 level against the US Dollar yesterday, with investors dialling back bets on a Bank of England interest rate hike following Wednesday's soft inflation print.

Ahead of next month's MPC meeting, markets are now placing around...

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