Market News

The outlook for the UK’s economy has soured for investors and, as a result, the Pound Sterling has been under some pressure and recently recorded the largest 4-day fall in nearly two months versus the US Dollar.

The US Dollar Index is struggling in Asian trade as investors ponder the outcome of looming inflation reports.

The British Pound is regaining previous losses against the US Dollar and rebounding off the recently struck 11-day trough.

The US Dollar edged higher against the Japanese Yen in early Asian trading after Friday’s unexpectedly upbeat labor report.

This week will have a much lighter news agenda than last week. The agenda will be dominated by only a few items of high-impact U.S. data towards the end of the week, as well as the monthly reporting from the Reserve Bank of New Zealand. Therefore, volatility this week should be considerably lower than it was last week.

The US Dollar is struggling to gain traction as investors wait for today’s release of the all-important Non-Farms Payroll report.

The US Dollar continues to be under some pressure and remained just above a 2½ year trough versus the common currency Euro as investors prepare themselves for Friday’s release of US private sector jobs data.

Asian stocks were off to a rough start on Thursday after the Dow closed above 22,000 and the dollar hit 15-month lows against the euro overnight.

The Pound Sterling remains close to a 11-month peak versus the US Dollar despite a disappointing reading from the PMI Construction survey.

Oil prices fell below $50 per barrel on Wednesday morning after reports on Tuesday showed an increase in supplies from OPEC and a rise in crude stockpiles in the United States.

The Pound Sterling hit an 11-month peak versus the US Dollar after the latest economic data eased investors’ worries that the UK’s economic growth was slowing down.

The White House faced yet another shake up on Monday as President Donald Trump effectively fired his new communications director, Anthony Scaramucci, who served in his official capacity for only 10 days.

The GBP/USD pair earlier traded near to a 10-month peak today as investors ponder the outcome of Thursday’s monetary policy decision which could see an interest rate hike, the first in more than 10 years.

The dollar hovered near 2 ½ year lows on Monday morning after a weekend of political turmoil in the United States in which President Donald Trump replaced his chief of staff, Reince Priebus, with General John Kelly.

This week will be dominated by high-impact U.S. data, including one of the primary market highlights of the month, Non-Farm Payrolls. There will also be important Central Bank Input from Britain and Australia. Therefore, volatility this week should be at least as high as it was last week.