Analysis

UK inflation data disappoint again

UK inflation data disappoint again

Mixed Asian markets see China's biggest losses. UK May CPI steady at 8.7%; core inflation at 7.1%. UK's £19.2bn May net borrowing figure doubles last year's. CBI survey expected to reveal struggling UK manufacturing. Central bank comments eyed in Eurozone, US. UK inflation data boost pound.
Moneta Markets | 486 days ago
Another busy week ahead, is it time to buy USD?

Another busy week ahead, is it time to buy USD?

Currencies gear up for another big week of central bank meetings. Having negotiated the hawkish set of Fed and ECB meetings last week, FX markets will this week brace for around 10 central bank policy decisions across the developed and emerging market space.
ACY Securities | 487 days ago
All eyes on GBP and BoE

All eyes on GBP and BoE

GBP: How long will the GBP continue to outperform? It has been a positive week for GBP, as it reached new highs for the year against USD, EUR, and JPY.
ACY Securities | 487 days ago
Sterling markets await UK CPI

Sterling markets await UK CPI

Asian and Western equity markets trended lower. China's central bank trimmed prime loan rates. Australia's Reserve Bank revealed a dovish stance. Upcoming UK CPI data and Bank of England's expected rate hike are in focus. No major UK or Eurozone data releases are due. US housing data is eyed ahead of Fed Chair Powell's testimony. The US dollar strengthened, GBP/USD fell.
Moneta Markets | 487 days ago
Yen sell-off continues as BoJ leaves monetary policy unchanged last Friday.

Yen sell-off continues as BoJ leaves monetary policy unchanged last Friday.

During the Asian trading session on last Friday, the yen has continued to trade at weaker levels, following the recent policy update by the Bank of Japan (BoJ). This month, the yen has experienced a significant decline in value due to expectations of a growing divergence in monetary policies between the BoJ and other major central banks.
ACY Securities | 488 days ago
Equities ease as China stimulus concerns rise

Equities ease as China stimulus concerns rise

Asian equities fall amid fears of disappointing Chinese stimulus. US and China ministers have a constructive meeting. ECB may raise interest rates again in July due to inflation pressures. US housebuilders' sentiment expected to rise. GBP/USD steady, pound up 2% due to anticipated interest rate hike in the UK.
Moneta Markets | 488 days ago
ECB Seeds Europe Recession?

ECB Seeds Europe Recession?

There is only one problem here. Well, several really. Germany is already in recession, and several nations are already faltering. Also, is it really appropriate to be raising rates against inflation when consumer and business activity is already slowing due to caution surrounding the war on on the EUs doorstep.
ACY Securities | 491 days ago