Market Spotlight: GBP Higher Ahead of UK Budget Today
'Budget For Growth' GBP is looking a little firmer today ahead of Chancellor Jeremy Hunt’s Spring Budget due just ahead of the US changeover. The budget, which has been billed as a budget...
Market Movers: Bitcoin Explodes On US Inflation Drop
US CPI Fuels BTC RallyBitcoin prices surged above $26k yesterday for the first time since June 2022. The move came in response to a confirmed drop in US inflation last month which has bolstered...
Follow The Flow: EURJPY Testing Key Pivot
JPY Turns HigherThe Japanese Yen has emerged as the strongest currency over the European morning on Wednesday. A drop back in risk appetite following a better tone across the European open has...
Follow The Flow: AUDCHF Trending Lower
CHF Stays StrongThe Swiss Franc has been the best performer again today over early European trading. The global equities rout we’re seeing on the back of the SVB collapse is driving a wave of...
Market Spotlight: Credit Suisse Admits Weakness in Financial Controls
CS Under Pressure Shares in troubled Swiss lender Credit Suisse fell to fresh all-time lows yesterday as the rout in global banking stocks rocked investor sentiment. Fresh on the back of its own...
Market Spotlight: GBP Rallies on UK Data Beat
UK Wages Fall Back The latest data from the ONS today showed that UK wages softened in the three months through January. Basic wages, excluding bonuses, rose by 6.5%, down from 6.7% prior while total...
Market Movers: Traders Brace For US CPI
US CPI On Watch Today’s US CPI data will be closely watched as traders continue to try and gauge which way the Fed is likely to go with rates later this month. Ahead of the SVB collapse and subsequent...
Dollar Plunges As March FOMC View Shifts Suddenly
FOMC Outlook Turns Less HawkishPricing for the upcoming March FOMC has shifted again in recent days. Hawkish comments from Fed’s Powell last Tuesday saw pricing for a larger .5% hike jump from around...
Market Movers: FRC Shares Tank on Liquidity Fears
SVB FalloutThe collapse of SVB has sent shockwaves across financial markets. While the Fed has stepped in to effectively backstop SVB clients, meaning taxpayers wont suffer any losses, broader fears...
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