GBP
Exclusive GBP - watching, waiting
Neither the gilts nor the pound posted much of a reaction to the speech by UK PM in-waiting Burnham yesterday.
Exclusive GBP - a long, hot summer?
Political uncertainty tends to be a negative currency factor almost irrespective of its cause since it tends to depress potential investment activity.
Exclusive GBP - room for manoeuvre?
The pound has already recouped most of the losses made vs. the EUR on this morning’s release of softer than expected May UK CPI inflation data.
Exclusive GBP - placing bets
The ECB is widely expected to hike rates on June 11 by 25 bps. On June 18, the BoE is widely expected to leave policy on hold.
Exclusive EUR - bad times?
The EUR reacted poorly to this morning’s shockingly poor French PMI release
Exclusive GBP - headwinds?
The combination of this week’s release of softer than expected UK labour and CPI inflation data have calmed market nerves regarding the extent of potential BoE rate hikes