The euro was pushing slightly lower against the US dollar in morning trading, the single currency being affected by the terrorist attacks that have hit Paris over the weekend. The events of this weekend could have a greater economic impact on tourism and consumer spending over the weeks running up to the end of year celebrations.
There is a very real threat of current events pushing France back into recession, which could ignite new ECB intervention. France is the second largest economy in the Eurozone.
GBPUSD closed down slightly on Friday’s session …

Since last Thursday’s interest rate decision, GBP has failed to show any strength against any of the major currencies. Falling through short term support levels and looking to test lower levels. Conversely the US Dollar looks in a buoyant mood again since the non-farm payroll figures on Friday.
The non-farm payroll data trumped forecasts with a whopping 271k versus forecast 181k. Unemployment rate stayed unchanged at 5%.
It seems the trend for US Dollar (up) and British Pound (down) may stay in those general directions, with some retraces, until the unemployment figures …

Many economists forecast steep inflationary growth in the UK over the coming months with the effects from weak commodity prices and falling university fees tailing off. As a result, some analysts are going so far as to predict that the Bank of England (BoE) could increase the benchmark interest rate ahead of the Federal Reserve. This has seen the Pound edge higher versus its major peers on Thursday morning. British Retail Sales data, due for publication later on Thursday, has the potential to provoke volatility for the Pound. Should the …

Sterling managed to romp higher against a number of its peers on Friday as investors responded to hawkish interest rate related commentary from Bank of England (BoE) policymaker Kirstin Forbes. After Forbes intimated that a UK interest rate hike could occur sooner than markets currently envisage the Pound firmed, consolidating gains accrued earlier in the week following the release of an upbeat UK labour market report. Yesterday’s Rightmove House Price data revealed property price gains of 0.6% on the month and 5.6% on the year, down from the figures recorded …

The British manufacturing industry sidestepped sturdy growth last month in favour of job losses and softer output, according to yesterday’s PMI print.
The lowlight of the report was the jobs sub-index, which came in below the 50.0 mark that separates growth from contraction for the first time since 2013. However, the Pound avoided any heavy losses because the headline PMI index came in at 51.5, which was slightly better than economists’ forecasts of 51.3 but still represented the second slowest score in the last two years.
Analysts said that the …

After yesterday’s British economic docket saw a complete absence of data to provoke volatility, the Pound exchange rate edged lower versus its major peers in response to dovish Bank of England (BoE) rate hike expectations. With a lack of inflationary pressure and China’s slowing economy weighing on policymaker confidence, many futures traders are now betting that the BoE will delay a benchmark interest rate hike until mid-2016. Tuesday’s European session will see the publication of UK Mortgage Approvals, Net Consumer Credit and Net Lending securities on Dwellings which will be …