Can GBP extend recent gains?

Brexit uncertainties may have lingered in the background last week, but some strong UK data towards the weekend gave Sterling a lift.

The pound has started this week largely on positive form. GBP/EUR is up 0.2% to €1.0987 and GBP/USD is holding just above opening levels at US$1.3202.

Key inflation data is set for release tomorrow and could determine the trajectory that GBP will follow for the coming days.

July trade and production data rescues GBP from weakness on PMI disappointment

The pound seesawed last week, with disappointing PMIs casting further doubts over the health of the UK economy but a pick-up in safe-haven demand causing GBP to rebound. Strong data saw the pound round off the week with solid gains.

Euro gets a boost from signs of ECB QE tapering discussion

It was a turbulent week for the euro last week, with the economic outlook for the currency bloc shaken by mixed signals from the latest data. However, news from the latest European Central Bank (ECB) monetary policy meeting provided strong support on Thursday.

US dollar weakens as rate hike odds continue to fall

The US dollar found itself increasingly unappealing last week as hopes of another interest rate hike this year continued to slide. Domestic data was mixed and the speeches from Federal Reserve officials offered nothing to get excited about.

Domestic data gives AUD and NZD pre-weekend boost after uncertain week

AUD and NZD wobbled last week as global risk appetite fluctuated in response to weaken in the US dollar and geopolitical tensions. Domestic data for both nations painted a mixed picture, but firmed towards to the end of the week, giving the commodity assets a last-minute boost.