Plutus FX Latest News

US FED Interest Rate Decision


Good morning,

GBP/EUR opened yesterday at 1.1350 having a poor start due to the UK releasing poor average earnings down 0.1% pushing prices down to the low of the day of 1.1318 by lunch. After lunch the UK MPs won the first vote to overturn the Lord's defeat on the EU withdrawal bill by a majority of 22, this allowed GBP to recover its losses breaking through 1.14 finishing the day at 1.1380.


GBP/USD opened yesterday 1.3380 bouncing off 1-week lows after the UK posted good stable jobs data figures. The pair pushed through 1.34 in reaction to these figures but in the afternoon the U.S then released good CPI results pushing the pair back down to 1.3350. In the afternoon the UK MPs won the first vote to overturn the Lord's defeat on the EU withdrawal bill by a majority of 22 pushing the price back up to 1.3425. The pair then finished the day on 1.3370.

EUR/USD began yesterday at 1.1775 pushing through 1.18 area early morning of trading before the EU released their Economic sentiment figures. Mid-morning, they came out worse than expected pushing the price back down sub 1.18. In the evening the Euro got sold off as the Dollar took off on the back of the Fed Chairman Powell is considering holding a press conference after every policy meeting rather than every other policy meeting, the pair finished the day on 1.1750.

Fact of the day

BMW used prisoners from concentration camps like Dachau to build their cars and plane engines during the second world war. By the end of the war, almost 50% of the 50,000-person workforce at BMW consisted of prisoners from concentration camps.

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UK Average Earnings Index 3m/y


Good morning,

GBP/EUR began this weeks trading around the high of the day 1.1373, it was short lived as the UK released negative data on Manufacturing Production m/m. The pair dipped to the low of the day which was 1.1320, the figure released from the UK was below the expectation of 0.3% and it was released at -1.4%. We had no further data out for the rest of the day which meant the pair traded between 1.1320-1.1345.

GBP/USD started the week at 1.3422 and like GBP/EUR the pair made way to the high of the day of 1.3441 before taking a dip following negative UK figures. GBP/USD moved from 1.3442 to 1.3365 and the pair continued its slump to hit the low of the day around noon which was 1.3341. The pair traded between 1.3341-1.3390 for the remainder of the day.

EUR/USD began this weeks trading sitting between 1.1770-1.1815, the pair had no major movements in yesterdays session as no high impact data was released from both Europe or America. We have opened this morning at 1.1800 and the U.S will release CPI m/m and Core CPI m/m later today which may move the price out of its tight range from yesterday.

Fact of the day

In 1944 Dutch Resistance members dressed as German SD (intelligence agents) went into Leeuwarden prison, and walked out with 39 prisoners, and all vanished into the city. No shots were fired, and the Germans never caught anyone.

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Poor UK Figures


Good morning,

GBP/EUR began the week at 1.1450 but then took an early fall due to negative Brexit talks. On Tuesday, the EU released a very mixed bag of PMI figures allowing GBP to make back some of Monday's losses pushing up the weekly high of 1.1463. On Wednesday there were more mentions of the Brexit Risks that could affect UK pushing GBP back down to the 1.14 region. With very little data out from the UK and EU in the back end of the week, the pair steadied around 1.14. GBP/EUR is currently trading in the low 1.13's

GBP/USD opened last week at 1.3350 pushing lower to 1.33 despite good UK PMI construction results in May. On Tuesday GBP managed to gain some traction after UK's PMI figures came out 54.0 against 53.0 expected pushing the pound up to 1.34 by close of play. On Wednesday,Thursday and Friday little data was publish from both countries with the pair ranging between 1.3410 and 1.3440 finishing at 1.3410 after good U.S initial Jobless Claims figures of 222K expected 225K. GBP/USD currently trading around 1.3350.

EUR/USD at 1.16665 last week having a steady climb after the EU released good PMI results of 52.5 expected lower. This pushed the pair higher to 1.1745 but with US releasing their PMI's later on the Euro shot back down 1.1680 region. The Euro had another go towards 1.17 on Wednesday due to the ECB mentioning that they will end the QE programme by year end which allowed the Euro to flirt around the 1.18 handle. On Friday, the US released positive initial jobless claims which pushed the pair down to 1.1780 where the pair finished for the week

Fact of the day


Every Prime Minister since 1997 has lived at No. 11 Downing Street

The trend was started by Tony Blair and Chancellor of the Exchequer Gordon Brown after they agreed to exchange properties: the flat of No. 11 was larger and provided more space for the Blair family of six.

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U.S Crude Oil Inventories


Good morning,

GBP/EUR managed to move back into the 1.1400 area after falling to 1.1350 on Monday, the pair began the day at 1.1375 which was the low of the day and at 09.30am the UK released positive data in the form of Service PMI, the figure was expected at 52.9 and the result was 54.0 boosting sterling causing the pair to hit 1.1450. Europe released negative data on Retail Sales which kicked GBP/EUR to the high of the day of 1.1463. We have opened this morning at 1.1410.

GBP/USD also benefitted from positive UK data, the pair began the day at 1.3301 which was the low of the day, at 09.30am the levels were trading at 1.3390 due to sterling strengthening. The U.S produced positive data in the afternoon session when ISM Non-Manufacturing PMI came out better than expected, the price didnt move and infact at 7pm the levels were at the high of the day which was 1.3409.

EUR/USD began yesterdays trading session at 1.1700 were the pair traded for most of the the morning, it wasnt until the afternoon session when we seen movement for the pair. EUR/USD hit the low of the day around 3pm after the U.S released positive data, the pair hit 1.1647. We did see a recovery around 6.30pm last night as German Buba President Weidmann Spoke which gave the Euro a boost pushing levels to the high of the day of 1.1730.

Fact of the day

Grandma Gatewood hiked the 2,200 mile Appalachian trail at 55 bringing only Converse shoes, an army blanket and a plastic shower curtain after reading about it in a magazine and telling her children she was going for a walk. She hiked it again at 72 and 75.

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Pre 'Super Thursday' - UK Interest Rate Decision 


Good morning,

GBP/EUR opened after the UK Bank Holiday at 1.1370 where Sterling was edging higher trying to push through 1.14. The pair hit 1.1392 and then Germany released good Trade Balance figures with also the UK releasing poor Halifax House Prices and fell back down to 1.1348. GBP managed to pull back its losses in the afternoon session as traders are pricing in UK's 'Super Thursday' pushing the price to yesterday's high of 1.1428.

GBP/USD opened yesterday at 1.3570 pushing higher early morning of trading to 1.3593. The pair fell off a cliff around UK's Halifax House Prices with also US Dollar Index jumped to fresh YTD tops pushing prices down to near 2018 lows of 1.3486. The pair managed to pull back in the mid afternoon session as Trump will not take an axe to the Nuclear deal in Iran pushing prices back up to 1.3550.

EUR/USD opened yesterday at 1.1940 having a continuing poor run due to persistent USD buying interest as the US Dollar Index jumped to its highest level in more than four months. With Trump leaving the door open with Iran's Nuclear deal the pair still remained low finishing the day at 1.1860.

Fact of the day


We have three types of tears – basal, reflex and psychic. Psychic tears, the ones we produce when we are sad, have a different chemical make up than the other two and contain a natural painkiller, leucine enkephalin, which is perhaps why we feel better after we cry.
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