USD/JPY Outlook

Jul 20, 2015 20:59 pm UTC| Commentary

Having hit a 14-year high of 125.86 in early June, USD/JPY has since retraced slightly. Amid the rising tensions in Greece and a flight to safety, USD/JPY dropped to a low of 120.41 in early July. An improvement in Greeces...

GBP/EUR Outlook

Jul 20, 2015 20:55 pm UTC| Commentary

GBP/EUR has recently hit an 8-year high above 1.44. The combination of more hawkish UK monetary policy comments and ongoing uncertainty about Greeces prospects has fuelled the rally. The break higher opens the way for a...

GBP/USD Outlook

Jul 20, 2015 20:46 pm UTC| Commentary

Having touched a recent peak of 1.5930 in mid-June, GBP/USD dropped to a low of 1.5330 in early July before recovering towards 1.56 - around the centre of its long-established range. There was no obvious catalyst for the...

EUR/USD Outlook

Jul 20, 2015 20:38 pm UTC| Commentary

EUR/USD has been dominated over the past month by the tumultuous events in Greece and, to a lesser extent, shifting expectations of US monetary policy. Over much of this period, it has been caught in a range around 1.11,...

Fundamental views – UK interest rates

Jul 20, 2015 18:15 pm UTC| Commentary

Over the past month, sterling fixed income markets have been on a rollercoaster ride driven by ongoing uncertainty related to Greece and shifting perceptions about the timing of the first rise in UK Bank Rate. UK...

Something different to worry about

Jul 20, 2015 17:51 pm UTC| Commentary

The imminent threat of a Greek exit from the euro area is receding. Although tentative, evidence suggests that the associated volatility and uncertainty has not had a material impact on the ongoing recovery in the euro...

S&P 500 closes in on a new high, Nasdaq, best week since October

Jul 20, 2015 16:49 pm UTC| Commentary

Markets breathed a sigh of relief as progress was made toward a deal that would keep Greece in the euro zone. The Nasdaq delivered its best week since October while hitting a new all-time intraday high, and the SP 500 had...