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ECB, BoC rate meetings, and US nonfarms this week
Good morning Welcome to June, the last month of Q2 and indeed of H1 2024. Fridays US PCE deflator came in pretty much in line with...
revansfx
Jun 3, 20243 min read
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US PCE today, then attention turns to central bank meetings in June
Good morning Not the most exciting day ever yesterday, the markets pretty much ignored the very much in-line US GDP numbers and instead...
revansfx
May 31, 20244 min read
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GBPEUR testing that 1.1770 area
Good morning US consumer confidence yesterday lifted to 102 from an expected 96, serving as a reminder that many areas of the US economy...
revansfx
May 29, 20243 min read
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US dollar remains weak but no June rate cut from Fed expected
Good morning Welcome back, I hope you had a terrific long weekend. Mine involved a bit of gardening, a bit golf, a bit of watching...
revansfx
May 28, 20243 min read
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GBP shrugs off weak retail sales numbers, now enjoy the long weekend
Good morning There wasn’t a huge amount going on in the currency markets yesterday, indeed apart from a few moments we’ve felt like we’re...
revansfx
May 24, 20243 min read
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GBP holds post-CPI gains, Sunak announces general election on 4th July
Good morning Well it was another pretty quiet day yesterday after the initial flurry over the UK inflation numbers. GBPUSD held above...
revansfx
May 23, 20244 min read
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GBP higher as UK inflation falls less than hoped
Good morning Lets start with UK inflation which came out a little earlier this morning. The good news is that it is sharply lower than...
revansfx
May 22, 20242 min read
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GBP holds gains ahead of tomorrow's inflation numbers
Good morning GBP has held recent gains against both USD and EUR, now trading at 1.2710 and 1.1705. EURUSD is stuck around the 1.0870...
revansfx
May 21, 20243 min read
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GBP in favour but gold shines brighter
Good morning Welcome back. I hope you enjoyed the weather over the weekend. Delightful and most welcome, lets hope it stays that way....
revansfx
May 20, 20243 min read
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Forget currencies for now, focus on the sport
Good morning Well after a bit of action on Wednesday, Thursday was something of a damp squib in the currency world. GBPUSD had a brief...
revansfx
May 17, 20244 min read
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Door open for possible lower US rates after softer US CPI inflation
Good morning The prospect of lower US rates came a step closer after US CPI inflation came out pretty much in line with expectations,...
revansfx
May 16, 20243 min read
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USD direction to be dictated by US CPI inflation numbers this afternoon
Good morning The markets shrugged off a higher than expected headline US PPI reading yesterday. On the face of it, it was somewhat...
revansfx
May 15, 20243 min read
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Watching Yen as it weakens to post-intervention lows
Good morning It was another fairly quiet day in the currency markets yesterday. We saw a slightly weaker USD which took GBPUSD and...
revansfx
May 14, 20242 min read
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Quiet start to the week, US CPI on Wednesday is the one to watch
Good morning Well what a fantastic weekend that was. Â The weather was terrific, I nearly found myself saying it was too warm at one...
revansfx
May 13, 20243 min read
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Sun shining as UK growth exceeds expectations
Good morning UK interest rates remain at 5.25% as BoE decided to keep policy unchanged. Â Two members, Ramsden and Dhingra, voted for a...
revansfx
May 10, 20243 min read
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GBP slips ahead of tomorrow's BoE rate announcment
Good morning Well it was a pretty quiet day yesterday. GBP lost a little ground against USD and EUR, GBPUSD moving to 1.2530 and GBPEUR...
revansfx
May 8, 20243 min read
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Decent weather at last, just as bank holiday is over!
Good morning Welcome back after the long weekend. I hope you enjoyed the great weather over the weekend, although Monday here was...
revansfx
May 7, 20243 min read
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Focus on US employment data
Good morning We saw a bit of USD strength yesterday afternoon with GBPUSD trading down from 1.2540 to 1.2470, pretty much the Wednesday...
revansfx
May 3, 20242 min read
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Fed unchanged, Powrell not quite as hawkish as expected. USDJPY takes another dive.
Good morning Well what a welcome to May. Woke up in the night to witness a spectacular thunderstorm, heavy rain and incredible...
revansfx
May 2, 20243 min read
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USD higher as Fed's Powell expected to push back on rate cuts
Good morning Welcome to May. It is a holiday in many parts of the world including much of Europe but not here in the UK. We have to wait...
revansfx
May 1, 20243 min read
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