GBP/USD set to break key level amid improving UK data

May 17, 2017 1:29 PM
Economic data out of the UK released in the last couple of days has been pound-positive, yet the GBP/USD is still holding below the 1.30 handle. But for how long? Given that the positively-correlating EUR/USD pair has already broken well above its own corresponding psychological hurdle at 1.10 after a sharp rally, the cable could be playing catch up...

Trump trade takes a turn for the worst as UK labour market surprises

May 17, 2017 10:23 AM
The big theme this morning is the growing Russia/ Classified information/ FBI scandal that is engulfing President Trump and seems to be growing, octopus like, as we progress through this week. This is beginning to look a lot like Nixon’s Watergate scandal, in the sense that the Trump administration is fighting new fires everyday. The big question no...