SGM-FX insights
Our Daily Brief provides insights into the news and views driving today’s foreign currency exchange rates.
UK consumer prices declined 0.5% in January
UK consumer prices declined 0.5% in January and, although the year-on-year rate increased to 1.8% from 1.6% which was the highest rate since June 2014, this was slightly lower than the consensus forecast of a sharper increase to 1.9%. There was significant upward pressure on transport costs which was offset by a decline in […]
Sterling fails to make headway against dollar
SGM-FX
Tue 14 Feb 2017
Sterling was unable to make any headway against the dollar during the European session on Monday, but it was able to strengthen against the Euro for the sixth successive session as the single currency dipped to lows around 0.8460. According to data from Visa, UK consumer spending slowed to a five-month low of 0.4% […]
The EU Commission revised its 2017 Euro-zone GDP growth forecast marginally higher
SGM-FX
Tue 14 Feb 2017
The EU Commission revised its 2017 Euro-zone GDP growth forecast marginally higher to 1.6% from 1.5% previously, although this was still lower than the 2016 outcome and the underlying tone remained generally downbeat with a high degree of uncertainty over both domestic and US developments. The inflation forecast for this year was revised higher […]
