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U.S Federal Funds Rate & FOMC Statement


Good morning,

GBP/EUR opened Tuesday trading session at 1.1160 and the pair hit the low of the day of 1.1140 in the early hours of the morning. The EU released negative data on German ZEW Economic Sentiment which pushed the rate back up towards the 1.1200 mark, the afternoon session saw GBP/EUR trade between 1.1170-1.1210 which is where we have opened this morning. The UK will release CPI y/y at 09:30am which is noted as a high impact piece of data, lets hope for some movement.

GBP/USD sat flat in yesterdays trading session as the pricing range sat between 1.2515-1.2558 which is where we open on Wednesday's trading. The U.S will release 4 pieces of high impact data this evening which includes their interest rate, the FOMC will also be releasing a statement which should have some effect on the USD.

Fact of the day


On 1987, FBI agent Robert Hanssen was tasked by his superiors to find a mole within the agency after the FBI's moles in the KGB werecaught, in reality, he was the mole, working with the KGB since 1979

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ECB President Draghi Speech & BOE Gov Carney Speaks


Good morning,

GBP/EUR continued its poor form yesterday as the pair slipped to the lowest rate we have seen since the beginning of the year, the price range for Mondays session was between 1.1160-1.1230. The pair opened the week at the high and it was lunch time when the price began its decline. There was no economic data to report and it was the heightening fears of a no deal exit which weakened the pound., we open this morning session at 1.1150.

GBP/USD also fell to the lowest rate we have seen since December, cable traded between 1.2525-1.2600. Cable followed suit of GBP/EUR due to a weak pound, the pair began trading at 1.2600 and it was around lunch time when the price starting to depreciate. We open this morning session at 1.2540 with no major releases for the U.S therefore all eyes will be on BOE Mark Carney's speech later today.

Fact of the day


The Peregrine Falcon hunts by diving at 230+ mph straight down, and killing its prey on impact with a balled foot. It kills other birds with a literal falcon punch.

Image result for The Peregrine Falcon
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ECB President Draghi Speech


Good morning,

GBP/EUR opened on Friday at 1.1240 trying to get through the 1.1250 mark but failed in the early morning seeing Sterling fall lower to 1.1210 by midmorning. Sterling has been under pressure due to the UK politics weighing down on Sterling looking at an 80% chance of Boris Johnson getting in as PM from the bookmakers. GBP managed to bring a small amount of value back by the end of the week finishing at 1.1225.

GBP/USD opened on Friday at 1.2680 sliding lower as the selling pressure goes on after Thursday's results of the first ballot for Tory leadership showed that the leading candidate Brexiteer Boris received 114 votes. This put pressure on Sterling seeing the pair move 1.2625 by lunch. BoE governor Carney spoke after lunch putting more pressure on the Pound seeing the pair hit a near month low of 1.2579 (-1.4%) on the day lower also finishing around these levels for the week.

Fact of the day


Yesterday's world cup cricket match between India v Pakistan brought over 1.3 billion viewers from around the world watching the game on TV. With over 450,000 people applied for the tickets in Manchester with the ground Old Trafford only being able to hold 26,000!
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U.S Retail Sales & Core Retail Sales Followed by BOE Gov Carney Speech


Good morning,

GBP/EUR has been stuck in the mud this week and yesterday's trading pattern was no different, the pair was sat between 1.1210-1.1265 with no major swings in the market. BOE Mark Carney will be making a speech later today which will hopefully have some effect on the pound, we open this morning at 1.1225.

GBP/USD following the same trend as GBP/EUR as the pair sat between 1.2665-1.2710, the pair managed to lift from the low around mid-day as the price pushed up to 1.2710 as the U.S released negative figures on their Unemployment Claims. The price has opened this morning at 1.2665 with U.S figures along with Mr Carney speech in today's economic calendar

Fact of the day


Mavis Grind in Shetland is the only place in Britain where you can toss a stone across land from the North Sea to the Atlantic Ocean.






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U.S Initial Jobless Claims


Good morning,

GBP/EUR opened yesterday 1.1230 trying to push higher in the early morning heading through 1.1250 during ECB president Draghi's speech pushing to the high of the day of 1.1279. Over lunch there were talks on the UK's political system mentioning the Labour Party to impose a motion to prevent the future PM to introduce legislation favouring the UK to leave the EU without a deal. This put pressure on Sterling seeing the price move from the high back down to 1.1214 (the low of the day). GBP managed to push back up before close at 1.1240.

GBP/USD opened yesterday at 1.2720 seeing the pound push higher in anticipation of the Labour-led motion to block chances of a no-deal Brexit. The pair went to 1.2780 by lunch but shortly after, the Labour party failed to get the point across and Sterling dropped -0.60% to 1.2680. The pound managed to get back up by close but failed to keep its head above 1.2700.

Fact of the day

In 1993 Pepsi ran a contest in the Philippines in which it promised 1 million pesos, roughly $40,000, to the person who found the number 349 inside his bottle cap. Pepsi went on to mistakenly print 800,000 winning caps, leading to outrage and death threats to Pepsi executives.

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