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Justin Low

Germany October flash manufacturing PMI 45.7 vs 47.0 expected

Prior 47.8Services PMI 44.9 vs 44.7 expectedPrior 45.0Composite PMI 44.1 vs 45.3 expectedPrior 45.7The German economy sinks deeper into contraction territory to start Q4 with both the services and composite readings being at...

USD/JPY intervention today proving to be futile

When Japanese authorities stepped in earlier, the pair fell from 149.62 to 145.48 in quick succession. However, the intervention move was quickly bought up before the pair held close to 149.00 for the...

Sunak now favourite to be new UK PM after BoJo bows out

The big news overnight in the UK is that Boris Johnson has bowed out of the race to become the next UK prime minister. He said that he had cleared "the very high...

BOJ’s Kuroda: CPI growth likely to fall below 2% target in the next fiscal year

Will continue to put all effort into achieving price targetIt is extremely unfavourable that Japan's inflation oustrips wage growthThe headline remark suggests that we are not likely to see a BOJ pivot of...

GBP/USD eyes 1.10 again on stronger dollar, UK outlook still short of confidence

We're seeing another fresh round of bids in the dollar as Treasury yields continue to pull higher on the day. 10-year yields are up nearly 10 bps to 4.32% and that is keeping...

BoJo allies reportedly ‘confident’ he can secure 100 backers for PM contest

The latest numbers are showing that Rishi Sunak has secured the backing of 45 Tory lawmakers, with Boris Johnson having 37 backers, and Penny Mordaunt with 16 backers. These are MPs who have...

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