Market Pulse - Currencies
FX round-up: Slide in UK consumer confidence knocks cable lower
Sterling fell on worse than expected UK consumer confidence data Friday morning, and -- even noting the more hawkish tones from Bank of England bosses -- was unable to recover.
US personal incomes and spending rise as expected in May
Americans' incomes and consumption rose roughly by as much as expected last month amid a small dip in price pressures.
FX round-up: Sterling continues hawk-inspired run higher
Sterling continued its hawk-inspired run higher against a basket of currencies and in particular against the US dollar.
Brazil falls into deflation in June, paving way for central bank rate cuts
Brazil sank into deflation in June for the first time since 2010 amid broad price declines driven by favourable weather, lower energy costs and weak domestic demand, possibly opening the door to further central bank interest rate cuts.
FX round-up: Sterling gets a shove higher as Carney sees potential for rate rise
Sterling got a firm shove higher on Wednesday as Bank of England governor Mark Carney suddenly declared UK interest rates might need to be hiked.
Venezuelan supreme court attacked with grenades thrown from helicopter
A Venezuelan police helicopter attacked the country's supreme court building with grenades in what President Nicolas Maduro described as a "terrorist attack".
It's not the right time to raise interest rates, BoE's Cunliffe says
It's not the tight time for a hike in Bank Rate, the Deputy Governor for Financial Stability said.
Euro headed back to 1.30?
The European single currency pierced a key level of technical resistance and past a certain point further gains might trigger another large move higher, according to technical analysts.
Valuation of some assets somewhat rich, Fed's Yellen says
The head of the US central bank reiterated that a gradual path of policy tightening would likely be appropriate, adding that the valuations of some asset prices had become somewhat rich.
FX round-up: GBP ahead on BoE buffer call and SNP's stance on indyref#2
Sterling enjoyed a minor rise on Tuesday on the back of Bank of England requiring lenders to beef up their cash buffer in case of bad debts.
China is steady, we are capable of achieving main targets says Premier
China, the world's second largest economy, is capable of achieving its full-year growth target and controlling systematic risks despite challenges,announced Premier Li Keqiang on Tuesday at the World Economic Forum in Dalian, China.
Euro gains as ECB's Draghi says factors weighing on inflation are transitory
The factors dampening inflation pressures are only temporary but in order for prices to return to target policy-makers need to be persistent, prudence is also called for when re-adjusting policy in reaction to the improving economy, European Central Bank chief Mario Draghi said.
Sterling should weaken if FPC hikes capital buffers, Unicredit says
Sterling should weaken if the Financial Policy Committee decides to increase lenders' counter cyclical capital buffers, analysts at Unicredit Research said.
FX round-up: Underwhelmed sterling limps higher as PM May inks DUP deal
Sterling limped a little higher against the dollar and euro as PM Theresa May's Tories finally inked some kind of government-forming deal with Northern Ireland's DUP.
US Supreme Court partially lifts Trump travel ban
President Donald Trump has had his travel ban partially reinstated by the US Supreme Court, which will take a final decision on the controversial policy in October.
FX round-up: Sterling gains on dollar thanks to UK policy hawks coming to fore
Sterling managed Friday gains on the US dollar thanks to UK monetary policy hawks coming to the fore in recent days, but was otherwise down against a raft of commodity currencies.
FX round-up: Sterling mixed, prone to volatility as PM May heads Brussels
Sterling had a mixed Thursday as PM Theresa May went to Brussels to unveil to European leaders her allegedly more generous plans for the rights of EU citizens in the UK.
Prudent to wait until December to hike again, Fed's Harker says
In an interview with the Financial Times, the president of the Federal Reserve bank of Philadelphia, Patrick Harker, said it would be "prudent" for the US central bank to defer its next interest rate hike until December, instead of tightening at its September meeting.
FX round-up: Sterling ahead as BoE's Haldane hawkish on UK rates
Sterling put in an unfamiliar positive performance on most key crosses Wednesday thanks to a hawkish jawbone on UK interest rates by Bank of England chief economist Andy Haldane.
FX round-up: Loveless sterling southbound as Carney jawbones on rates
Sterling resumed its ride lower again on Tuesday after Bank of England governor Mark Carney said now was not the time to raise UK interest rates.