Exchange Rates – 29/03/2023


Exchange Rates – 29/03/2023

  • Posted by currencies in Rate Alerts
  • March 29, 2023
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UK- BOE Gov. Bailey Speech – On Monday, at the London School of Economics the Governor gave clear hints that interest rates may have to go higher in order to lower consumer prices, and this will take front seat priority for the BoE compared to the recent banking turmoil. The concerns that arose from the […]

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Exchange Rates – 28/03/2023

  • Posted by currencies in Rate Alerts
  • March 28, 2023
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The Pound stagnated, following the news that food inflation had hit a 15 year high. Kantar released data on Tuesday morning which showed that UK food inflation climbed to 17.5% during March, adding an additional £837 to the average UK household’s grocery bill. Due to the cost-of-living crisis embroiling the UK, sentiment seemed to wane […]

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Market Update

The Pound stagnated, following the news that food inflation had hit a 15 year high. Kantar released data on Tuesday morning which showed that UK food inflation climbed to 17.5% during March, adding an additional £837 to the average UK household’s grocery bill. Due to the cost-of-living crisis embroiling the UK, sentiment seemed to wane […]

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Exchange Rates – 27/03/2023

  • Posted by currencies in Rate Alerts
  • March 27, 2023
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Last week was pretty jam-packed as far as announcements were concerned with the Fed and the BoE both raising interest rates by 25bps. For both central banks, it is still unclear what the forward guidance is- but with inflation still being an issue I would still not rule out further hikes over the year. Over […]

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Market Update

Last week was pretty jam-packed as far as announcements were concerned with the Fed and the BoE both raising interest rates by 25bps. For both central banks, it is still unclear what the forward guidance is- but with inflation still being an issue I would still not rule out further hikes over the year. Over […]

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24/03/2023 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 24, 2023
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This morning we had the UK retail sales data released, which rose for the second consecutive month in February by 1.2%m/m, following a 0.9% rise in January (revised from 0.5%). Indeed, the outturn was stronger than expectations of 0.4%, and the market consensus of a 0.2% rise. Despite the positive start to 2023, the downward […]

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Market Update

This morning we had the UK retail sales data released, which rose for the second consecutive month in February by 1.2%m/m, following a 0.9% rise in January (revised from 0.5%). Indeed, the outturn was stronger than expectations of 0.4%, and the market consensus of a 0.2% rise. Despite the positive start to 2023, the downward […]

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Market Update

The Bank of England (BoE) has raised the UK interest rates by 0.25 basis points to 4.25% to combat double-digit inflation. This is the 11th time in a row, in less than 18 months, that the central bank has increased rates, making borrowing costs higher despite the cost-of-living crisis that has hit UK households. It […]

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23/03/2023 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 23, 2023
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The Bank of England (BoE) has raised the UK interest rates by 0.25 basis points to 4.25% to combat double-digit inflation. This is the 11th time in a row, in less than 18 months, that the central bank has increased rates, making borrowing costs higher despite the cost-of-living crisis that has hit UK households. It […]

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