Why has Sterling dropped post PMIs?

GBPUSD, H1 The UK's flash January composite PMI smashed expectations in rising to 52.4, a 16-month high and a solid rebound from December's 49.3 reading....

GBP rallies as optimism rises

The Pound extended higher on data, suggesting a post-UK-election rebound is afoot. This saw Sterling print respective 5-day and 2-week highs against the Dollar...

FX Update – US Closed & USD Softer

EURUSD, H1 The Dollar has seen modest weakness in quiet early-week trading. Volumes are likely to remain on the low side today with US markets...

Sterling Swings Lower

GBPUSD, H1 UK retail sales unexpectedly contracted by 0.6% m/m against a median forecast for a 0.5% m/m rise. November figures also revised slightly lower....

Mixed moves on EUR pairs

EURUSD, H1 EURUSD remained in a narrow range below the six-day high seen yesterday at 1.1147. The Crossing EMA strategy produced an initial short position...

FX Update January 13 – Sterling Stressed

GBPUSD, H1 Sterling has taken a turn lower in early week trading, with markets reacting to both dovish BoE-speak and to a report from the...

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