Independent coverage of UK markets, FCA policy and institutional trading
EUR/GBP trades around 0.8485 on Thursday, up 0.24% at the time of writing, as investors digest a mixed batch of UK economic data and continued hawkish comments from European Central Bank (ECB) policym…
Lee Hardman at MUFG highlights that the British Pound (GBP) has strengthened sharply, helped by reports that Shabana Mahmood is set to become the next UK chancellor, reinforcing expectations of “sound…
ING’s Warren Patterson and Ewa Manthey highlight that investment funds have sharply increased net long positions in TTF natural gas, driven by fresh longs. LNG and European gas markets are seen as vul…
The CEO of fintech Klarna said the rise of agentic shopping wonât destroy brand loyalty, an outcome feared by e-commerce players who worry that it will be harder to woo bots than the humans whose er…
According to a report from the US Department of Labor (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance shrank to 208K for the week ending Ju…
The Australian Dollar (AUD) trades practically flat against a weaker US Dollar (USD) on Thursday as investors pare back bets of immediate Fed tightening, following unexpectedly soft US inflation figur…
TD Securities reports United Kingdom (UK) Gross Domestic Product (GDP) grew 0.1% month-on-month in May, matching their forecast and beating the market’s flat expectation. Three‑month growth remains st…
BMW is preparing workforce discussions and accelerating efficiency measures after lowering its profit outlook, with around 7,700 positions expected to be affected through natural attrition by the end …
Societe Generale highlights that USD/BRL has retreated to 5.07 after threatening 5.20 earlier in July, with the Brazilian Real (BRL) retaining a firm tone following soft United States (US) Producer Pr…
Gold price (XAU/USD) is down 0.7% to near $4,030 during the European trading session on Thursday. The precious metal faces selling pressures as global inflation concerns remain intact amid elevated en…
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) has steadied near a one‑month low after softer United States (US) Producer Price Index (PPI) and Consumer Price Index (CPI) data …
Retail Sales in the United States (US) rose by 0.2% on a monthly basis in June to $768.6 billion, the US Census Bureau reported on Thursday. This print followed the 1% increase recorded in May and cam…
GBP/JPY trades with a mild negative bias on Thursday, taking a breather after climbing to its highest level since December 2007 the previous day, as the British Pound benefited from easing political u…
Commerzbank’s Michael Pfister argues that recent Canadian labour data and the Bank of Canada’s latest decision suggest domestic monetary policy is unlikely to reverse the downtrend in USD/CAD. Markets…
Dow Jones futures edge lower by 0.02% to trade around 52,890 during European trading hours on Thursday. Meanwhile, S&P 500 futures and Nasdaq 100 futures decline 0.06% and 0.24%, trading near 7,610 an…
Citing four Iraqi oil and security sources, Reuters reported on Thursday that a drone crashed into an oil tanker in Iraq's Basra terminal, although no damage or fire was caused.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that GBP/USD has surged to a two‑month high, with deeply overbought conditions but scope for further gains. Intraday, upside is seen li…
Publicis' recent strong performance runs counter to a general slowdown in the advertising industry, which is seen as a bellwether for broader economic health. "Over the past 3 months, we think the mac…
According to an Iranian army spokesperson, the United States (US) continues to attack several areas, while warning that the war will spread to new arenas, the Islamic Republic News Agency (IRNA) repor…
The GBP/JPY cross enters a bullish consolidation phase following the previous day's blowout rally and oscillates in a range near mid-219.00s through the early European session on Thursday. Meanwhile, …
The US Dollar (USD) remains under pressure as traders have repriced the Federal Reserve’s (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which gauges the Greenback’s …
The EUR/USD pair holds steady above the 1.1450 level during the Asian session on Thursday and consolidates its strong gains registered over the past two days, to the highest level since June 18.
The Euro (EUR) edges higher on Thursday, with the US Dollar (USD) on its back foot, as recent US inflation figures triggered a significant repricing of near-term rate hikes by the Federal Reserve (Fed…
Gold (XAU/USD) attracts fresh sellers during the Asian session on Thursday and drops back closer to the previous day's swing low, around the $4,025 region in the last hour. Despite soft US Consumer Pr…