• BOE Warns of UK Recession Over COVID-19

    The Bank of England maintaining policy at current levels at yesterday’s March meeting. On the back of two unscheduled rate cuts this month, as well as the restarting of QE, the meeting was not expected to see a further adjustment and instead, focus was on the bank’s assessment and outlook. BOE Expresses Concern For Economy […]

  • The Friday Forex Takeaway – Episode 26

    Key Points From This Week Fed Makes Historic Rate Cut In response to the escalating COVID-19 outbreak, the Fed made the unprecedented move of cutting interest rates to 0% at the start of the week. In another unscheduled move which came ahead of the March FOMC meeting, the Fed noted that it will also increase […]

  • The Friday Forex Takeaway – Episode 25

    Key Points From This Week Bank of England Cuts Rates The BOE became the latest central bank in the G10 space to lower its rates this week. Echoing the Fed, the BOE announced a surprise rate cut of 0.5% midweek in response to the ballooning COVID-19 situation. With the UK very shortly to go into […]

  • The Friday Forex Takeaway – Episode 24

    Key Points from This Week RBA Cuts Rates It’s been a very busy week for central banks in the G10 space. The RBA was the first to pull the trigger on a rate cut at the start of the week. Citing the increased downside threat from coronavirus, the RBA lowered interest rates to a fresh […]

  • Campaign Calls for Review of New BOE Appointment

    Andrew Bailey is set to take over as the governor of the Bank of England in March, with Mark Carney handing over the reins. Typically, the changing over of this role is smooth given that policymakers have already elected the incoming governor and the market is aware of the change well ahead of time. However, […]

  • The Friday Forex Takeaway – Episode 21

    Key points from this week RBNZ sounds more upbeat At the bank’s February meeting the RBNZ kept rates on hold as expected. However, the bank’s outlook and assessment was a little more upbeat than many were anticipating, seeing NZD trading firmly higher in reaction. The bank noted the risks from corona-virus though said that it […]

  • The Friday Forex Takeaway – Episode 20

    Key Points From This Week US Data Improves The US Dollar enjoyed a better week as a spate of stronger-than-expected data helped lift the greenback. The ISM manufacturing reading for January showed a firm rebound in the factory sector which improved to 50.9, moving back into expansionary territory for the first time in six months. […]

  • The Investment Bank Outlook 03-02-2020

    In our Investment Bank Outlook each week, we bring you a selection of perspectives from leading investment banks to outline the key issues and directional views for the week ahead. These excerpts, taken from research notes, will cover issues such as key market themes, economic releases, as well as any major trends and levels to […]

  • The Friday Forex Takeaway – Episode 19

    Key Points This Week Corona-virus Spread Intensifies The corona-virus outbreak, which began in China around a fortnight ago, has continued to spread this week with cases now confirmed in the US and on mainland Europe. So far, nearly 200 people have died from the virus which has infected around 8000 people (confirmed). The World Health […]

  • The IndeX Files 28-01-2020

    Corona-Virus Sends Equities Sinking Benchmark global equities have been heavily offered in recent trading as the impact of the Chinese corona-virus outbreak continues to dampen investor appetite. The virus, which broke out in China around two weeks ago, has now claimed the life of 80 people and spread across Asia, reaching the United States. There […]

  • The Friday Forex Takeaway – Episode 18

    Key points From This Week Coronavirus Outbreak Most of the week was dominated by news of the outbreak of a strain of virus from the SARs family in China. The virus was first reported in Wuhan China but quickly spread around the country and across Asia. In the middle of the week it was reported […]

  • US & UK Inflation Weaker Than Expected

    US Inflation Rises Over 2019, Weaker Over December The US was treated to a rather mixed inflation report yesterday. The CPI figures for December came in with headline inflation rising 0.2% month on month. This reading was in line with expectations though marked a decline from the prior month’s 0.3% reading. Meanwhile, the core inflation […]

  • The Friday Forex Takeaway – Episode 16

    Key Points From This Week US – Iran Tensions Subside The week started off in bad shape with risk markets selling off as tensions between the US and Iran escalated. During speeches made during a day of mourning for slain Iranian general Soleimani, Iranian leaders vowed to take revenge on the US. Late on Tuesday […]

  • Best Performing Currencies 2019

    British Pound 3.84% It’s been a classic comeback story for the pound this year. After spending three months in free-fall against the dollar, spiralling lower from 1.33 – 1.20 (which actually made it the wort performing currency of the year at the time) the pound has since made an impressive recovery back above the 1.30 […]

  • BOE December Meeting Preview

    No Change Expected From Bank Of England Policymakers at the Bank of England convene tomorrow for the December rate-setting meeting and, following dovish guidance at the last meeting, Sterling is trading lower as investors remain wary of dovish risks. Last time around, we saw two BOE members voting in favour of a cut, the fist […]