Category Archives: Daily Outlook

16 Nov: Gbp collapses as Brexit deal seems increasingly precarious. . Otherwise choppy. EU CPI, US IP/CU today.

The US$ is mixed but generally weaker today despite some more decent US data although most of the focus has again been on Sterling, which fell steeply after multiple resignations and a letter of no confidence in the government following yesterday’s Brexit draft deal, announced by the UK Theresa May. The UK Government is looking increasingly precarious, as… Read More »

12 Nov: US$ firm, stocks down, as traders look towards a December rate hike after strong PPI . US holiday today.

The US$ was generally firmer on Friday following the release of the stronger than expected PPI figure, reaffirming the Fed’s stated monetary tightening stance and setting up conditions for a fourth interest rate hike this year, in December – and then another 3-4 next year. Headline PPI rose 0.6% mm, 2.9% yy in October, above expectation of 0.2%… Read More »