Pound retreats from new highs after Farage election announcement. Investors keep a close eye on Trump’s feelings towards the US-China trade war.

Dollar bounces back on economic optimism, higher yields. The Bank of England delivered a dovish surprise, with 2 dissenters to keeping the rate steady.

Optimism surrounding the striking of a possible US-China trade deal swept through financial markets on Thursday, lifting risk assets and triggering a reversal in recent safe-haven flows.

Safe-havens gained, while emerging market currencies sold-off on Wednesday on expectations that the yet to be ratified ‘phase one’ trade agreement between the US and China may have to wait until December before signed off.

Hopes that US President Trump could be ready to roll back some of the tariffs he imposed on China as part of the ‘phase one’ trade deal helped boost the dollar against the safe-haven currencies on Tuesday, as did an increase in US Treasury yields.

Markets take a breath after frantic few days of news. Investors attention turns to the Bank of England quarterly Inflation Report on Thursday.

US Dollar sells off amid improved global sentiment. The UK has set the date for a general election in the hopes of reaching a Brexit solution.

Santander invests £350 million in Ebury, a best in-class trade and FX facilitator for SMEs, to strengthen its Global Trade Services offer

Is the Federal Reserve done cutting interest rates? Boris Johnson’s party are well ahead in current polls for the 12th December election.

Federal Reserve set to cut rates for a third time this year. UK politicians agree to a general election on the 12th December.

Join our Key Account Director, Qi Yan, as she talks through the latest news in Sterling, US Dollar and Euro.

Johnson to try again with election push after MPs vote. Christine Lagarde has now stepped up as President of the European Central Bank.

Sterling pulls back as general election vote looms in UK. Perceived likelihood of a US-China trade deal sends equity markets to fresh highs.

Draghi ends ECB tenure on a sombre note. European leaders commenced talks on the length of the extension to the Brexit deal deadline.

Mario Draghi prepares for swansong as ECB President. US data out this afternoon could apply further pressure on the Fed to cut rates again.