Nick Cawley


Fundamental analysis and financial markets.
Nicholas Cawley has more than 30 years of experience covering a wide range of financial markets and instruments. After nearly two decades of trading and broking a variety of fixed-income products, Nick turned his hand to reporting and analysing macro and micro events in the fixed income and foreign exchange sectors.



GBP Bounces Higher After Strong ONS UK Sales Data

The UK consumer is still spending despite upcoming Brexit fears and falling real wages, but will it last?

German Consumer Sentiment Dampened by Inflation: GfK

A survey by Germany’s oldest market research company shows inflation fears hitting the consumer.

Brexit Briefing: GBP Drifts Lower as Triggering of Article 50 Nears

With one week left to go until PM Theresa May triggers Article 50, sterling begins to move lower despite recent GBP supportive economic data.

USD Edges Lower After Better-Than-Expected US Current Account Data

The US current account deficit narrowed in the fourth quarter, according to the latest data from the US Bureau of Economic Analysis.

EUR/USD Falls on Surprise Euro Area Trade Deficit

The latest Eurostat Euro Area trade data show imports overtaking exports for the first time in three years.

BoE Leaves Policy Unchanged But Hawk Appears on MPC

The Bank of England leaves monetary policy untouched but MPC member Kristin Forbes votes for a 0.25bp rise.

SNB Leaves Rates Unchanged, Sees Higher Short-Term Inflation

The Swiss National Bank kept interest rates unchanged at its quarterly monetary policy meeting.

USD Nudges Higher after Latest CPI, Retail Sales, Attention Turns to FOMC

The latest US inflation report comes in line with expectations but retail sales revision catches the eye ahead of the FOMC later in the session.

GBP Weak as Brexit Risk Bites but Bonds may Soothe the Pound

The British Pound continues to slide lower as Brexit nears but will higher UK gilt yields offer GBP some respite over the coming months?

FX Markets Look to Article 50 Trigger, Fed Rate Hike, Aussie Jobs, BOE

While there are three central bank meetings in the days ahead, only one has market participants on the edge of their seats.

EUR/USD Rally Stalls as Euro-Zone Bond Yields Fall

As the Netherlands prepares to go to the ballot box, and Brexit edges closer, Euro-Zone government bonds are back in favor with the risk-adverse investor.

Canadian Dollar Remains Weak Thanks to Oil Decline, Data Generally Soft

USD/CAD has neared the top of a six-month range, and beyond the usual relationship the Canadian Dollar maintains will oil, it is now at the mercy of US trade negotiations under the Trump administrati...

German 2/10 -Year Yield Curve Likely to Steepen Further

The German 2/10-year yield curve looks set to steepen over the coming months as the spread between the two issues widens.

Brexit Briefing: GBP Remains Weak as EU Departure Nears

With less than a month until Article 50 is expected to be triggered, the UK currency is coming under increasing downside pressure.

Hawkish ECB Commentary May Push EUR/GBP back to Mid-January High

It may just take ECB President Mario Draghi dropping a couple of words at Thursday’s ECB policy meeting to add fuel to the recent EURGBP rally.

Greek Bond Yields Remain Elevated After Latest GDP Contraction

The larger-than-expected GDP miss will add pressure on Greece to meet its creditor’s demands.

Busy Week Ahead for FX Markets with RBA, ECB, and US NFPs Due

Markets will care most about Friday’s US Nonfarm Payrolls report, which has direct implications for the March rate hike that so many Fed speakers have alluded to.

EUR/USD Buffeted on Latest French Presidential Moves

The single currency swung wildly in early European turnover as mixed economic news and the latest French election news kept traders busy.

EUR/USD Still Heavy Despite Higher Euro-Zone Inflation

The latest Euro-Zone data shows inflation hitting a four-year high leaving the ECB open to more questions about its ultra-loose monetary policy.

USD Continues to Rally After Inflation Nears Target

The Fed’s favored inflation reading, PCE, picked up in January to 1.9%, within a whisker of the central bank’s 2% target, adding to calls for a March rate increase.