Plutus FX Latest News

BOE Quarterly Bulletin


Good morning,

GBP/EUR opened around 1.1257 yesterday and the price pushed up at 09.30am when the UK released positive figures on Retail Sales m/m, the data was expected at-0.2% and the result was 0.3% which gave sterling another lift. The pair continued to rise following back to back positive figures from the UK and as we approached noon the price hit 1.1300 which was the first time since July 17th. We have seen a dip with the rate this morning as GBP/EUR has opened at 1.1220.

GBP/USD began yesterdays trading at the low of the day, 1.3193, the UK released positive data in the morning session which accelerated the price to 1.3298 which like GBP/EUR was a two month high. The pair did take a slight dip in the afternoon session as the U.S released positive Philly Fed Manufacturing which pulled the price down to 1.3220, GBP/USD managed to hold above 1.3200 and this morning we are trading at 1.3233.

EUR/USD started yesterday session at the low of the day which was 1.1670, the price made headway to the high which was 1.1776. The pair did take a dip following data from the U.S but it wasn't enough to floor the price, last night the price rose to 1.1780 and we have opened this morning at 1.1787 which is the highest level since June 2018.

Fact Of The Day


Hawaiian pizza was invented in Canada by a Greek immigrant, who was inspired by Chinese food to put a South American ingredient on an Italian dish, that went on to be most popular in Australia.

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UK Retail Sales


Good morning,

GBP/EUR opened yesterday at 1.1270 edging lower in the early hours of trading in the wait for UK's CPI figures moving down to 1.1230. The UK released their figures coming in better than expected of 2.1% against the expected figure of 1.8% pushing GBP backup to the high of the day of 1.1284. At noon, UK treasury Minister said there could be another Brexit referendum pushing Sterling back down to the low of the day of 1.1228. GBP tried to pull back in the late afternoon finishing the day on 1.1270.

GBP/USD had a good start to the day pushing from the opening of 1.3170 up to 1.3215 after UK's good CPI figures coming in better than expected. The UK treasury Minister announced there could be another Brexit referendum which pushed GBP sub 1.31 to lows of the day. GBP managed to push back up to finishing the day at 1.3145.

EUR/USD opened at 1.1680 pushing higher against the US Dollar in early hours of trading moving up to the highs of the day of 1.1715 as Germany 10-year yields hit 7-week tops. The Euro couldn't manage to hold at these 1.17 levels and started falling back down ahead of Draghi's speech. The US also released good Housing starts figures coming in far better than expected pushing the pair down to 1.1649. Thepair finished the day on 1.1670.

Fact Of The Day


In 2012 a scientific study predicted a 39 inch rise in sea level along the North Carolina coast over the next century. In response, North Carolina lawmakers passed a law banning the use of scientific predictions of sea level rise when considering new developments along the coast.

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CPI y/y & ECB Draghi Speaks


Good morning,

GBP/EUR was stuck in the 1.1200 region in yesterdays trading, the pair opened at 1.1261 and slowly made its way to the low of the day which was 1.1225. There was lack of data out yesterday which resulted in little movement in the markets, the pair did manage to climb slightly in the afternoon session and GBP/EUR reached the high of 1.1280 around 9pm last night, we have opened at 1.1254 this morning.

GBP/USD had a similar effect as GBP/EUR yesterday as the pair ranged between 1.3125-1.3175, once again there was lack of data released given no major movements in the market. We have opened this morning at 1.3172 and we have high impact pieces of data from both the UK and the U.S today which will hopefully bring some movements.

EUR/USD traded in a 70 pip range yesterday as levels sat between 1.1650-1.1720, it was a rather dull day in regards to market movements yesterday as all 3 currency pairs hardly moved. We are hoping today will bring volatility. This mornings price is coming in around 1.1700.

Fact Of The Day


Chipmunks and other small rodents have fast reaction time because they process light faster. Relative to us humans, they see the world in slow motion.

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ECB Draghi speaks


Good morning,

GBP/EUR opened the week at 1.1240 pushing lower at the start of the day as the EU released as expected CPI figures of 2% YoY and better than previous MoM of 0.2% against -0.5%, resulting in the pair dropping down to the low of the day of 1.1226. For the rest of the day GBP managed to push back up slowly updating back towards 1.1250 where any positive Brexit news allows Sterling to push higher ending the day pushing to near 7-week highs of 1.1272.

GBP/USD opened the week at 1.3070 and continued to push higher through the mid-European session and built on positive momentum and overall USD weakness amid tensions between the two largest economies, seeing the pair push to 1.3145 by 12:30. The pair managed to push only slightly higher in the afternoon session where we saw the US released the NY Empire State Manufacturing Index coming in lower than expected of 19.0 expected 23.0 finishing the day at 1.3166 (near two month highs).

EUR/USD opened the week at 1.1620 having a good start with CPI figures coming in as expected for Europe of 2% YoY and 0.2% better than previous pushing the pair up to 1.1660 by lunch. After lunch the Euro still pushed further as the US released the NY Empire State Manufacturing Index coming in lower than expected of 19.0 expected 23.0 finishing the day at 1.1685.

Fact of the day


There’s an 1,800 year-old Roman version of present day Swiss Army Knife, complete with folding spoon, fork, spatula, pick, spike and knife. It was made mostly from silver, so it has held up pretty well. The spike might have helped in extracting the meat from snails, and the spatula in poking sauce out of narrow-necked bottles: the pick could have served as a tooth-pick.

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US Empire State Manufacturing Index


Good morning,

GBP/EUR was flat on Friday as the pair traded in a 50 pip range from 1.1190-1.1240, there was little to report as no major movements occurred. We have opened this morning at 1.1250 and there is a number of speeches from EU members today which will hopefully move the price.

GBP/USD like GBP/EUR also had a rather quiet day as the pair floated between 1.3060-1.3140, the U.S did produce mixed data on Friday afternoon however it was
Prelim UoM Consumer Sentiment which strengthen the USD pushing the price down to 1.3060 which was the low of the day. We have opened this morning trading at 1.3085.

EUR/USD opened at 1.1700 on Friday at the pair lifted slightly to 1.1730 before taking a dip in the afternoon session. The price tumbled to the low of the day which was 1.1620 from noon to 6pm. US data was the reason the price had dropped, this morning we have opened at 1.1650 and as mentioned above, there are EU members speaking today which may influence the rate.


Fact of the day


An IT Director, fed up with sales calls where the caller lied to reach IT staff, said to transfer one such caller ‘straight to hell’. This led to the creation of a special extension for such calls where horrible hold music and faked queue messages play on an endless loop to increase hold time.

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