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.



Brexit Briefing: Sterling Remains Bid Despite Bundesbank Warning

The British Pound starts Friday better bid as the EU and UK start to ready themselves for tough Brexit negotiations.

EUR/GBP Hits a Two-Month Low, UK GDP Picks Up in Q4

EURGBP remains under pressure as 2-yr German Bond yields hit a record low and UK 4Q GDP beats expectations.

USD Weakens After Markit PMIs Miss Heightened Expectations

The USD gave back some of its recent gains as the latest Markit manufacturing and services survey slipped to a two-month low and disappointed USD bulls.

GBP Steadies as UK Borrowing Falls Sharply

UK public finances are in good shape, according to the latest ONS data, despite Brexit fears about the future.

FX Markets Wait on UK GDP, Euro-Zone Inflation, and FOMC Minutes

Central banks are back in the spotlight this week, either directly (FOMC minutes) or indirectly (Euro-Zone and Canadian inflation data).

Euro Opens The Week on The Backfoot as Uncertainty Grows

The single currency is coming under pressure as Italy’s ex-PM Renzi resigns and talk grows that European Commission President Juncker may step down shortly.

GBP/USD Falters as UK Retail Sales Numbers Miss Across the Board

The British Pound slips lower after UK retail sales figures disappoint but analysts warn that data remains volatile.

GBP/USD Slips After Strong UK Employment Data

The British Pound slipped against both the USD and the EUR as UK jobless claims beat expectations and average wages slipped lower.

Brexit Briefing: Politics Take a Back Seat to Economic Data

The British Pound weakened Tuesday on economic data, rather than political noise for once, as the House of Lords Brexit debate on February 20 edges nearer.

EUR/GBP Recovers After UK Inflation Misses Expectations

After nearing a fresh 2017 low pre-data release, EURGBP recovers as the latest UK inflation data fall short of market expectations.

FX Markets Look to Chinese, UK, & US CPI, Yellen Testimony Midweek

Inflation data from across the globe into focus this week; is the world moving away from lowflation?

EUR/USD Under Pressure as Euro-Zone Inflation Remains Low

The latest European Commission Economic Forecast shows euro-zone growth continuing but inflation is still expected to miss the ECB’s target

EUR/GBP Remains Vulnerable as Lowly Bund Yields Reflect Market Fears

The Euro is heading towards multi-week lows against the British Pound as Euro-Zone political uncertainties drive German government bond yields lower.

Sterling Remains Under Pressure as Brexit Talks Continue

UK Prime Minister Theresa May has so far beaten Opposition calls for Article 50 to be amended but with further votes expected on Tuesday and Wednesday, the British Pound remains vulnerable.

EUR/USD Under Pressure as Mixed Data, French Election Worries Weigh

The Euro continued to trade lower as mixed economic data and talk that under-fire French Presidential candidate Fillon may step down weighed on the single currency.

British Pound Drops as BoE Remains Calm on UK Inflation Outlook

GBPUSD weakened after Bank of England Governor Mark Carney left UK policy measures unchanged and pushed back fears of monetary tightening on inflation overshoots.

British Pound Eyes December High on Raised Inflation Concerns

Bank of England Governor Mark Carney will need to address raised input price worries against fears that UK growth could falter ahead of Brexit negotiations.

EUR/USD Boosted by Robust Euro-Zone Business Activity

The single currency traded back near six-weeks highs after the final Markit Euro-Zone manufacturing PMI rose to a 69-month high.

EUR/USD Slips Lower on German Inflation Uptick

Another rise in German inflation is set to spark more discussions over the suitability of the ‘one-size fits all’ ECB monetary policy.

FX Markets Set for Volatility Bump with BOJ, FOMC, BOE, and US NFPs

The first week of the month typically brings about a wave of high event risk – February should get started with a bang.