Rates as of 05:00 GMT Market Recap It’s easy to understand why GBP did well yesterday. UK inflation is soaring – up 4.2% yoy from 3.1%…
Rates as of 05:00 GMT Market Recap Better-than-expected US retail sales figures encouraged an optimistic view of the US economy, sending US stocks further into record…
Rates as of 05:00 GMT Market Recap It was a good day for USD and a bad day for EUR (or a good day I suppose,…
Rates as of 05:00 GMT Market Recap Generally a “risk-on” day, with all three commodity currencies gaining and USD losing ground. AUD was the main winner.…
Rates as of 05:00 GMT Market Recap It was a relatively quiet day yesterday with several markets closed for Veteran’s Day. The only two currencies that…
Rates as of 05:00 GMT Market Recap Yesterday I included a graph of the Citi inflation surprise indices and pointed out that inflation had surprised on…
Rates as of 05:00 GMT Market Recap Rarely have I seen a day when two currencies stood out like this. Looking at the timing of the…
Rates as of 05:00 GMT Market Recap I have to say I’m astonished at today’s outperformance of GBP. I can only assume it’s simply some profit-taking…
Rates as of 05:00 GMT Market Recap Well we now know what the theme song of the Bank of England is! (You’ll have to click the…
Rates as of 05:00 GMT Market Recap Fed decision: The Fed yesterday announced that it would taper down its monthly bond purchases, to no one’s surprise.…
