Daily Report
Daily Report: 21st January 2022
GBP The pound has begun the day on the backfoot against both the dollar and euro, after data released this morning showed a slump in retail sales in December from November. The Office of National Statistics data showed sales volumes fell by 3.7%, far bigger than the 0.6% decline expected by forecasters. This was the biggest fall since January 2021, when the country was in lockdown and compared to December 2020 the sales were down 0.9%. Also released this morning, the GfK consumer confidence index fell to -19 in January from -15 in December, as people turned [...]
Previous Daily Reports
Daily Report: 20th January 2022
GBP Sterling has failed to capitalise on the inflation data released yesterday which showed consumer prices rising at their highest pace in nearly 30 years. Bank of England Governor Andrew Bailey, commenting before Parliament’s Treasury Committee after the data’s release, said he was concerned that inflation pressures [...]
Daily Report: 19th January 2022
GBP The pound is being supported this morning after UK inflation numbers came in stronger than expected. UK CPI inflation for December came in at 5.4% year on year beating the market expectations of 5.2%. Core CPI came in at 4.2% comfortably beating market expectations of a [...]
Daily Report: 18th January 2022
GBP Sterling fell around half a cent against the dollar yesterday, hurt as market risk sentiment turned sour creating a demand for the dollar. Against the euro it continued to trade in a tight range. Political jitters also undermined the pound when former senior advisor to Boris [...]
Daily Report: 17th January 2022
GBP The pound remains steady in early trading against the dollar, after losing over 0.5 % on Friday. Sterling’s losses came after the benchmark 10-year US treasury bond rose more than 4 %, after New York Federal President John Williams and San Francisco Federal President both warned [...]
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