GBP/USD: A False Bullish Breakout?

In focus today Today, in the euro area we receive November PMIs, an important factor for the ECB decision in December. The growth momentum has recently decreased, particularly driven by a slowdown in Germany. We expect manufacturing sector to remain well in contractionary territory, with the PMI expected to rise marginally to 46.4 in November […]

Market sentiment has remained volatile throughout the week. Iran’s strikes to Israel last weekend sparked uncertainty, which eased gradually through the week, only to be re-ignited by Israel’s retaliation last night. The jury is still out on whether this leads to a wider regional escalation, but at the time of writing, Iranian sources have said […]

Key insights from the week that was. In Australia, the Monthly CPI Indicator rose to 3.6%yr in April, from 3.5%yr in March and 3.4%yr in January and February. By sub-category, there were various differences relative to expectations which offset one another – a notable increase in prices for clothing and footwear (+4.0%mth) and a pull-forward […]