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Britain continues to be surprised by strong retail sector data. Data on consumer inflation accelerating to an annualised pace of 3.5% was complemented by strong retail sales figures, renewing buying momentum in GBPUSD. For April, sales excluding fuel rose by 1.3%, and by the same month last year, the increase was 5.3%. This is much […]

The post Pound Shines as Strong Data Limits Room for BoE’s Rate Cut appeared first on Action Forex.

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12/04/2025

U.S.-China Trade Tensions Enter a New Phase

Summary Tensions between the United States and China have ratcheted higher since “Liberation Day.” We now believe the outlook for China’s economy and currency has shifted away from our original base case and into our “protracted trade war” downside scenario. The growth outlook for China has materially worsened and tensions are likely to escalate through […]
11/06/2024

Macron Calling for French Snap Election Shakes Markets

In focus today In the US, NFIB’s small business optimism index is due for release for May. General sentiment has remained weak over the past few months, and also firms’ price plans took a turn lower in the April survey. In the UK, focus turns to the release of the official UK labour market report. […]
20/12/2023

Rate Cut Optimism Continues to Lift Risk Sentiment

In focus today This morning, the Danish statistics office will release the consumer confidence indicator for December. In November, consumer confidence improved, although sentiment was still overall negative at -10.3. The labour market is still going strong, and inflation was low in November. Given the high expected wage growth, consumers’ purchasing power is increasing. This […]