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Daily FX Report – Volatile Markets

GBP: Last Friday, the British Pound saw a boost, rising by 0.5% following a recovery in UK retail sales for July. However, Sterling gave up much of these gains later in the day. Looking ahead, with minimal data releases early in the week, GBP exchange rates may lack clear direction until the release of the […]

Daily FX Report – Dollar Remains Under Pressure

GBP: The UK economy saw a boost in July, with retail sales growth aligning with expectations. This marks a strong recovery from June’s numbers and adds to the positive economic outlook, reinforced by yesterday’s encouraging GDP data. Next Thursday will offer more insights for the market with upcoming manufacturing and services PMI reports. EUR: In […]

Daily FX Report – Sterling Losing Momentum

GBP: The GBP has experienced consistent improvement throughout the week after a challenging start to August. This morning’s UK GDP data revealed a 0.6% growth from April to June, aligning with forecasts. However, economic growth stalled at 0% in June, indicating a loss of momentum as summer progressed. EUR: The EUR remains strong in the market, reaching […]

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Daily FX Report – Volatile Markets

GBP: Last Friday, the British Pound saw a boost, rising by 0.5% following a recovery in UK retail sales for July. However, Sterling gave up much of these gains later in the day. Looking ahead, with minimal data releases early in the week, GBP exchange rates may lack clear direction until the release of the […]

Daily FX Report – Dollar Remains Under Pressure

GBP: The UK economy saw a boost in July, with retail sales growth aligning with expectations. This marks a strong recovery from June’s numbers and adds to the positive economic outlook, reinforced by yesterday’s encouraging GDP data. Next Thursday will offer more insights for the market with upcoming manufacturing and services PMI reports. EUR: In […]

Daily FX Report – Sterling Losing Momentum

GBP: The GBP has experienced consistent improvement throughout the week after a challenging start to August. This morning’s UK GDP data revealed a 0.6% growth from April to June, aligning with forecasts. However, economic growth stalled at 0% in June, indicating a loss of momentum as summer progressed. EUR: The EUR remains strong in the market, reaching […]