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UK inflation fails to decline, possible 50bps raise from BOE tomorrow?
Good morning UK inflation numbers this morning showed none of the declines we had been hoping for, coming in at 8.7%, the same as the...
revansfx
Jun 21, 20233 min read
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Attention on UK inflation early tomorrow morning
Good morning All in all a fairly quiet session yesterday, ECB officials still sound concerned about the limited slowdown in core...
revansfx
Jun 20, 20233 min read
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Big week for GBP ahead, with BoE, CPI and retail sales
Good morning The US dollar finished last week on a softer footing, perhaps the softer inflation sentiment from Michigan once again gave...
revansfx
Jun 19, 20233 min read
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USD weaker after disappointing initial jobless claims
Good morning US retail sales yesterday came out better than expected but attention was drawn more to a slightly worse initial jobless...
revansfx
Jun 16, 20233 min read
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Fed pauses, ECB to raise rates 25bps today. Watch Yen.
Good morning Fed left rates on hold as they had suggested at their last meeting, but at the moment further rate rises are expected and a...
revansfx
Jun 15, 20233 min read
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Fed to 'skip' rate rise after softer inflation numbers
Good morning Slightly softer than expected US inflation numbers yesterday gave the market confidence in the idea that the Fed will...
revansfx
Jun 14, 20232 min read
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GBP up after UK unemployment numbers, await US CPI
Good morning GBP dropped from its highs against USD and EUR yesterday but had a lift this morning after better than expected UK...
revansfx
Jun 13, 20232 min read
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US dollar weaker ahead of FOMC rate meeting next week after higher initial claims
Good morning Firstly, an apology. I’ve been away for the last couple of days and hadn’t mentioned it before I left, prompting some...
revansfx
Jun 9, 20233 min read
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RBA surprise again with another 25bps rate rise
Good morning RBA surprised the markets overnight with another 25bps rate rise to take rates to 4.1%, when no change had been widely...
revansfx
Jun 6, 20233 min read
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US Dollar higher after strong nonfarm payrolls
Good morning We return to our desks to find a stronger US dollar. Nonfarm payroll headline came in at +339k from an expected +190k,...
revansfx
Jun 5, 20233 min read
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Stocks up, USD lower on US debt limit agreement
Good morning Running a bit late this morning so I’ll do my best to keep it brief. The Senate voted through the US debt limit deal which...
revansfx
Jun 2, 20232 min read
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GBP up, but EUR struggles on weaker than expected inflation readings
Good morning Its June already! Just a month until the end of H1. Where has that gone? GBP continues to make ground with GBPUSD up at...
revansfx
Jun 1, 20233 min read
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Currency markets struggling to find direction
Good morning The US dollar had a bit of a move yesterday, looking strong initially but then reversing through the morning taking GBPUSD...
revansfx
May 31, 20232 min read
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US debt limit agreement, Erdogan back in
Good morning Welcome back after the long weekend, and what a pleasant weekend it was with some warm and sunny weather. Looks like we’re...
revansfx
May 30, 20233 min read
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Still waiting for a US debt limit deal
Good morning We are edging towards a US default as talks still lead to nothing although there is perhaps a little more optimism that a...
revansfx
May 26, 20232 min read
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USD up despite Fitch US ratings warning
Good morning FOMC minutes came out yesterday evening , nothing really surprising. There did overall seem to be a reluctance to think of...
revansfx
May 25, 20232 min read
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RBNZ raise rates 25bps but sends NZD lower, UK inflation higher than expected
Good morning RBNZ have managed to surprise the markets again. Last time it was with a 50bps rate rise, this time a 25bps rate rise but...
revansfx
May 24, 20233 min read
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Currency markets in a holding pattern
Good morning Tight ranges in most currency pairs overnight, with GBPUSD 1.2420, EURUSD 1.0805, USDJPY 138.55 and USDCNY fixing higher...
revansfx
May 23, 20232 min read
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Still no deal of the US debt limit
Good morning We start the week not very far at all from levels we saw last Friday. GBPUSD now 1.2420, EURUSD 1.0800 and USDJPY 137.85. ...
revansfx
May 22, 20232 min read
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USD strength continues, USDCNY fixes above 7.00
Good morning USD continues to make gains with GBPUSD dipping below 1.2400, EURUSD trading as low as 1.0760 and USDJPY hitting 138.75...
revansfx
May 19, 20233 min read
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