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555 News
  • Sterling benefiting from US dollar weakness

    The British pound briefly extended gains made Tuesday following UK earnings data that beat expectations. The US dollar lost ground Tuesday on ongoing concerns over the US tax reform plan. read » 2 days ago
  • UK PM May under increasing pressure

    The British pound is under pressure Monday following news reports over the weekend highlighting her three-front battle: unreliable cabinet, lack of support from growing faction of tories, further Brexit negotiation delays. read » 4 days ago
  • More cable volatility likely next week

    The US dollar weakened late Thursday and early Friday as the US senate confirmed a one-year delay to the corporate tax reform and UK industrial production and trade data were better-than-expected. read » 1 week ago
  • Markets await tax reform timeline update

    The US dollar remains under pressure Thursday as the markets await some clarification on the likely timeline of the US tax reform implementation. read » 2 weeks ago
  • Weaker business investment plans also weigh

    The British pound slipped against the US dollar Wednesday as UK PM May could lose a second cabinet member over the course of just seven days as Priti Patel has been called back from Africa following revelations she had a number of unscheduled meetings with Israeli officials. read » 2 weeks ago
  • Trump's approval rating weaker, too

    The US dollar has lost ground overnight against a number of currencies following a report in the Washing Post that the widely touted tax reforms could be delayed by up to one year. read » 2 weeks ago
  • Investors cautious, await further cues

    British pound lost ground following a disappointing BRC retail sales survey. The average non-food sales sank to the lowest ion record, given retailers cause for concern ahead of the important Christmas period. read » 2 weeks ago
  • Future pace of BOE rate hikes to be 'gradual'

    The British pound sank against the Us dollar Thursday following the BOE's first rate hike in over a decade and on commentary the future upward path or rates will only be "gradual". read » 3 weeks ago
  • Cable holding above key $1.33 level

    The British pound gained ground on an upbeat manufacturing PMI and news the EU's chief negotiator Barnier is wiling to speed up talks. read » 3 weeks ago
  • Future rate outlook remains uncertain

    Sterling gained some ground Tuesday on investor expectations the BOE will raise UK interest rates this week. The QIR, also due this week, should also give some clues to the outlook further ahead. read » 3 weeks ago
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