Scope Markets Blog | Latest Forex News And Updates For 2020

European PMI’s diverge, as stronger UK data highlights ongoing inflation concerns

The FTSE 100 has kicked off the day on the back-foot, with mainland European indices outperforming in the wake of the latest PMI releases. Declines across French, German, and eurozone composite PMI surveys highlight the continued lack of economic growth in the region, pushing the focus back to the ECB. However, Christine Lagarde appears unconcerned […]

by Joshua Mahony
4 months ago

Santa Rally: Has the Fed geared markets up for another bumper year-end?

Its that time of year again, with traders wrapping up the year and judging whether they can squeeze more from the 2023 lemon. Coming off the back of a particularly strong November, there will be obvious concerns that we could see a reversal of the recent dovish shift with regards to the central bank rate […]

by Joshua Mahony
4 months ago

Markets hope ECB and BoE will follow the Fed’s dovish lead

European markets have blasted higher in early trade as traders continue to react off the back of yesterday’s surprisingly dovish take from the FOMC. Coming into the meeting with a substantial gap between the September dot plot and market expectations, there was always a question of whether the Fed planned to adjust towards the market […]

by Joshua Mahony
4 months ago

UK GDP heads lower, as markets await FOMC announcement

European markets look to be continuing their hot streak if early price action as anything to go by, with the likes of the DAX and CAC showing the potential for another record highs after yesterday’s consolidation. The UK economic outlook remains in the limelight today, with Tuesday’s jobs report being followed up by today’s dour […]

by Joshua Mahony
4 months ago

ECB and BoE rate decision Preview: Will widening rate differential drive EURGBP weakness?

The Bank of England and European Central Bank are set to announce their latest monetary policy decision on Thursday 14 December, with markets looking for fresh clues over the trajectory of interest rates in the year ahead. November saw plenty of optimism from global markets as a slump in eurozone inflation and US payrolls sparked […]

by Joshua Mahony
5 months ago

CAC hits fresh high, as FTSE 100 gains on lower wage growth figure

European markets are enjoying a largely positive start to the day today, with the FTSE 100 gaining ground off the back of an eventful jobs report. Of particular note was the greater-than-expected slump in UK average earnings, with the total pay figure dropping from 8% to 7.2%. While this 0.8% decline helped raise hope that […]

by Joshua Mahony
5 months ago