• AUD Rally Dragging GBPAUD Lower

    GBPAUD Under Pressure Despite an impressive rally at the start of the year, the COVID-19 crisis has seen a devastating reversal in GBPAUD which has now fallen 14.26% from 2020 highs and is now -4.64% on the year. The main driver behind the stark reversal in GBPAUD is the firm performance in AUD over recent […]

  • China Warns UK Over Hong Kong Visa Offer

    First National Security Arrests Made China’s new, highly controversial, National Security Law came into effect in Hong Kong this week. The law, which received a great amount of criticism from the national community, marks the first time that Chinese law has been written into the Hong Kong penal code and has essentially given China the […]

  • IMF Slashes Global Growth Forecasts in 2020 & 2021

    World Growth To Fal By 4.9% The International Monetary Fund updated its global economic projections this week and the report has added to the bearish sentiment which has stifled markets over the last few days. In its latest outlook, the IMF now forecasts the global economy to shrink by 4.9% this year, marking a significant […]

  • UK Data Recovers Sharply In June

    The British Pound has seen higher levels of demand over the last 24 hours in the wake of a strong set of flash PMI data sets for June. The HIS Markit/Cips data showed a firm rebound in both the factory and services sectors with the manufacturing reading returning to growth for the first time since […]

  • Johnson Pushing For Brexit Trade Deal in July

    PM Rejoins Trade Talks With the UK and Eurozone member nations now moving swiftly out of lockdown, focus has begun to shift way from the battle against the virus and onto other fundamental matters. Among these, Brexit trade talks have returned to the limelight as both sides step up their calls for a deal to […]

  • BOE Expected To Announce Further Stimulus

    The Bank of England convenes for its June monetary policy meeting this week and with the UK economy shown to be suffering greatly as a result of the COVID-19 lockdowns, the bank is widely expected to announce further measures. With rates sitting at record lows of 0.10%, the market is placing the greater odds on […]

  • The Investment Bank Outlook 08-06-2020

    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 Investment Bank Outlook 01-06-2020

    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 […]

  • COVID-19 Vaccine Hopes Increasing

    Just one month on from countries across the globe suffering COVID-19 deaths in the high hundreds and still facing weeks of lockdowns, the landscape has shifted dramatically. Around the world now, countries are coming out of lockdown and beginning to return to some sense of normality. With infection rates and death tolls dropping steadily across […]

  • Manufacturing PMIs Recovering in May

    Eurzozone Factory Activity Rebounding On the back of the heavy downtrend in data seen over the last two months, there are finally some positive signs emerging in the Eurozone. The flash manufacturing PMI for May rose to 39.5 from the prior month’s record low of 33. The reading, which was also higher than the 38 […]

  • UK Data Goes From Bad To Worse

    Inflation Lowest Since 2016 UK inflation fell by almost half last month, tumbling from 1.5% in March to just 0.8% in April as the COVID-19 fallout continues to wreak havoc on the economy. The decline has taken inflation back to its lowest level since mid-2016 and highlights the heavy downside drag being caused by the […]

  • UK Recession Fears Growing Following GDP Plunge

    Negative UK Growth Readings The British Pound has come under renewed selling pressure today in response to the latest UK data released this morning. The UK GDP figure for March came in at -5.8% on the month, marking the sharpest monthly contraction since the Office for National Statistics began compiling data in 1997. The data […]

  • The IndeX Files 12-05-2020

    Recovery To Take Longer Than Thought? Global equities benchmarks have been broadly supported, with indices across the US, Europe and Asia, trading in the green this week. However, upside momentum has been weakened and moved so far have bee shallow. The fundamental backdrop continues to be driven by the shift in focus towards the recovery […]

  • BOE Warns Of Historic Economic Crash

    Unprecedented Recession The Bank of England had a stark message for the market when it met for its May monetary policy meeting this week. Despite holding policy unchanged at current levels, the BOE warned that the UK economy is due for an “unprecedented” crash, not seen since 1706. While the decision to keep rates on […]

  • The Friday Forex Takeaway – Episode 33

    Key Points From This Week US/China Tensions Increase Relations between the US and China have deteriorated once again this week in the wake of accusations made by the US against China with both Trump and secretary of state Mike Pompeo claiming to have seen evidence that COVID-19 was created in a Chinese lab. Markets had […]