• D5951-BOI-CB-Daily-Blog

    Soft retail sales in the UK

    Sterling was a little weaker against the euro on Friday (at around 85.5p) after the release of retail sales data in the UK. They showed sales volumes fell for a third consecutive month in January, with the national statistics office noting ‘the first signs of a fall in the underlying trend (in sales) since December 2013’. […]

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    Euro a little firmer

    The euro is firmer against the dollar this morning at around $1.0650, and has now gained more than a cent from this week’s low of just over $1.05.  It has also recovered some ground against sterling to trade at about 85.5p Bond yields in both the US and Europe were generally lower yesterday, with European […]

  • D5951-BOI-CB-Daily-Blog

    US inflation rises further

    Bond yields in the US edged higher again yesterday following the release of retail sales and inflation data, while the dollar also strengthened further for a time before easing back The headline rate of CPI inflation in the US rose to 2.5% in January, its highest level since early 2012, while the core rate edged […]

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    Yellen repeats that further gradual hikes will be appropriate

    Fed Chair Janet Yellen reiterated that a gradual increase in interest rates will be appropriate if employment and inflation continue to evolve in line with expectations. She also stated that ‘waiting too long to remove accommodation would be unwise’ and that a move could come at any of the next 3 FOMC meetings Market reaction […]

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    Dollar and sterling advance

    The dollar and sterling both advanced against the euro yesterday, with EUR/$ dipping below $1.06 for a time and the pound strengthening to under 85p. (The dollar is a touch softer this morning, though, after news of the resignation of Trump’s National Security Adviser) Bond yields in the US and the UK rose relative to […]

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    Dollar up on Trump

    Donald’s Trump promise to outline a ‘comprehensive’ tax plan over the next few weeks propelled the dollar higher last week. The US currency rose by almost 1.5 cents against the euro and kicks off this morning trading at around $1.0650 US bond yields reversed course following Trumps comments with 10-year yields rising by around 10bps, […]

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    Main currency pairs steady

    There was little change in the main currency pairs again yesterday. They continue to trade in relatively narrow ranges, with sterling hovering just above 85p against the euro and the single currency at around $1.0650 against the dollar US bond yields rose as equity markets chalked up decent gains, but the 6bps increase in 10-year […]

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    Bond yields lower

    Sterling is holding onto its gains against both the euro and the dollar to trade at around 85p and $1.25 respectively. The single currency is little changed against the dollar trading at just under $1.07 Bond yields in the US and Germany fell yesterday, with 10-year yields in the US closing  down around 6bps (revisiting […]

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    Sterling pops higher

    Sterling popped higher against the euro and the dollar yesterday, gaining around 1p and half a cent respectively, after Bank of England MPC member Kristin Forbes said an increase in UK interest rates could  soon be warranted Forbes thinks that inflation might pick up more quickly, and growth remain firmer, than the MPC as a […]

  • D5951-BOI-CB-Daily-Blog

    Political worries in markets

    Political uncertainty and concerns ahead of elections in some EU countries over the next few months, notably France, seemed to weigh on markets yesterday. European equities lost around 1.0% on the day, while French 10-year bond yield differentials over Germany increased by around 10bps (with Italian and Spanish differentials also widening out) The euro currency […]