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US: FOMC Meeting Minutes


Good Morning!

GBP/EUR sprung into action yesterday as the level of exchange managed to hit the highest price we have seen in 3 weeks. We opened at the low of day which was 1.1407 and the UK released negative figures on Average Earnings Index 3m/y, the pair by noon was sitting at 1.1450 and the afternoon session saw the pair continue its climb and it was late last night when GBP/EUR hit the high of the day which was 1.1532. The pair opens this mornings session at 1.1500.

GBP/USD began Tuesdays trading at the low of the day, cable traded at 1.2888 and negative UK figures could not pull the price any lower. The price did manage to recover in the afternoon session as GBP/USD accelerated to 1.3061 which is a multi-month high, the pair has opened this morning at 1.3037, keeping its head above the 1.30 mark.

EUR/USD traded between 1.1280-1.1350 yesterday, there was nothing to report in the morning session and it was around mid-day when the price moved from the low through 1.1300. It was around 6pm last when the high was hit and we open this morning at 1.1350.

Fact of the day

The largest spider in the world is the Giant huntsman spider from Laos with a leg span of 30cm!

Image result for giant huntsman spider

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UK Unemployment and Claimant Count


Good Morning!

GBP/EUR opened the week at 1.1420 staying above the 1.1400 region throughout the morning. With no data out from any country yesterday so markets were very quiet but we saw Sterling try to push through towards the 1.1450 region but couldn't quite make it seeing the high of the day 1.1438 finishing the day at 1.1430.

GBP/USD opened the week just above 1.2900 edging lower in the early morning of trading. GBP managed to get back up over 1.29 pushing towards the 1.2950 mark but again failed seeing a higher of 1.2940. Yesterday was President's day so markets were very quiet seeing the pair finish the day at 1.2923.

EUR/USD opened the week just under 1.1300 but quickly moved higher in the early morning of trading up to 1.1335 by mid-day with the markets not expecting much volume coming in as it was President's day. After lunch, the markets sold off the Euro seeing the pair finish the day at 1.1310.

Fact of the day

Bamboo is the fastest growing plant on the planet. It can grow 3 feet in height in 24 hours under appropriate climate conditions. Unlike other woody plants, bamboo reaches maturity after only 3 to 5 years. Bamboo releases 30% more oxygen into the atmosphere and absorbs more carbon dioxide compared to other plants.


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Us Bank Holiday: US banks will be closed in observance of Presidents' Day


Good Morning!

GBP/EUR opened Friday trading session at the low of the day and the pair managed to make some headway following positive figures from UK Retail Sales at 09.30am. The pair moved from 1.1329 to 1.1380 and then continued its climb in the afternoon session by reaching the high of the day which was 1.1445, a 1% recovery from the low. We open the week at 1.1413 and there is no economic data to report for Monday's trading session.

GBP/USD was in a similar trend to GBP/EUR, the pair began the day at the low of 1.2784 and UK data pushed the price into the 1.2800 region. The afternoon session saw GBP/USD climb to the high of the day which was 1.2895 as the U.S produced mixed figures the majority of it been negative. We begin Mondays trading session at 1.2903.

EUR/USD opened at 1.1297 and the pair took a dip in the morning session when levels fell to 1.1260, the pair then hit the low of the day of 1.1230 before recovering in the afternoon session. EUR/USD hit the high of the day which was 1.1305 around 4pm and we open this morning at the exact same price.

Fact of the day

In 1931, a man stole an airplane but was acquitted on all charges because airplanes were not considered “vehicles” and there was no law against aircraft theft at the time.

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UK Retail Sales


Good Morning!

GBP/EUR opened yesterday trading session at 1.1410 with immediate pressure on the Pound straight away as the EU released good GDP and employment change numbers all coming in as expected 1.2% QoQ and 0.2% YoY. With more added pressure the market concluded more ongoing Brexit pressure with PM May begging the MP's on Tuesday this week to hold their Nerve as she has more time to secure a deal with the EU. The pair fell to near 4 week lows of 1.1310 by lunch. In the afternoon Sterling managed to creep back up off the low to 1.1340 by close.

GBP/USD opened yesterday trading session at 1.2850 trying to push higher towards the 1.2900 region but failed ahead of the Brexit debate. The Brexit debate took place later in the day yesterday and PM May begged the PM's to give her more time putting pressure on Sterling seeing the a new month low of 1.2777 by mid afternoon. GBP managed to finish the day at 1.2800.

EUR/USD opened yesterday at 1.1260 where the pair saw it was trading around this level in the morning. After lunch, the Euro spiked higher breaking through 1.1300 after the US released poor retail sales figures, so poor that it was the worst in a decade. The pair finished the day just under the 1.1300 mark.

Fact of the day


A zoo in Texas has introduced a rather different Valentine’s package this year. For a small fee, they will name a cockroach after your ex and feed it to a meerkat.

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US: Core Retail Sales m/m, PPI m/m & Retail Sales m/m


Good Morning!

GBP/EUR opened yesterday trading session at the low of the day which was 1.1367, the pair managed to push to the high of the day around noon as GBP/EUR jumped to 1.1437. The UK released negative figures on CPI y/y, PPI Input m/m and RPI y/y which was then followed by negative data from Europe, we open this morning session at 1.1390

GBP/USD started the trading session at 1.2920, the pair by noon was trading at the high of the day which was 1.2960 but soon took a dip in the afternoon session, although the U.S released negative figures on CPI m/m the rate dipped to the low of the day which was 1.2860. We open this morning at 1.2831 with 3 key pieces of U.S data due to be released this afternoon.

EUR/USD took a slight dip in yesterdays session, the pair opened at the high of the day which was 1.1353 and by noon the rate was coming in at 1.1285, negative figures from the U.S could not push prices up and late last night the pair hit the low of the day by falling to 1.1246. EUR/USD has opened this morning at 1.1262 and all eyes will be firmly on the U.S figures later this afternoon.

Fact of the day

February 14th is the second largest card giving day of the year, just after Christmas.

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