14/12/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- December 14, 2023
- No Comments
The US Dollar is now at a 4-month low against its major peers after The Federal Reserve finally signalled the path towards Interest Rate cuts next year. Federal Reserve Chair Jerome Powell failed to push back against rate cut expectations, saying the discussion if cuts in borrowing costs is coming into view. Markets are now […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- December 14, 2023
- No Comments
The US Dollar is now at a 4-month low against its major peers after The Federal Reserve finally signalled the path towards Interest Rate cuts next year. Federal Reserve Chair Jerome Powell failed to push back against rate cut expectations, saying the discussion if cuts in borrowing costs is coming into view. Markets are now […]
READ MORE13/12/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- December 13, 2023
- No Comments
In a surprising turn of events, the UK economy shrank by 0.3% in October, causing the value of the British pound to decrease. Economists had predicted a steady or slight growth of 0.1% for the month. This decline in the economy reflects the growing pressures on households and businesses because of the rising cost of […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- December 13, 2023
- No Comments
In a surprising turn of events, the UK economy shrank by 0.3% in October, causing the value of the British pound to decrease. Economists had predicted a steady or slight growth of 0.1% for the month. This decline in the economy reflects the growing pressures on households and businesses because of the rising cost of […]
READ MORE05/12/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- December 5, 2023
- No Comments
Sterling hovered around its highest levels in almost three months against the euro today, as markets raised their bets on rate cuts by the European Central Bank, which widened their divergence with the Bank of England. Higher interest rates attract investors’ demand and boost the value of a currency. Money markets fully price in more […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- December 5, 2023
- No Comments
Sterling hovered around its highest levels in almost three months against the euro today, as markets raised their bets on rate cuts by the European Central Bank, which widened their divergence with the Bank of England. Higher interest rates attract investors’ demand and boost the value of a currency. Money markets fully price in more […]
READ MORE04/12/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- December 5, 2023
- No Comments
The last few weeks have been very supportive for Sterling- mainly due to the weakness in the Dollar and the risk on sentiment in the market currently- The FTSE has been on the rise, along with the S&P500 and NASDAQ. Usually, when the stock markets are more risk on, we see Sterling gain as well- […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- November 27, 2023
- No Comments
Last week’s data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, which means that the UK economy is no longer contracting- we may not see massive growth over the next year, however, a stagnating economy is […]
READ MORE27/11/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- November 27, 2023
- No Comments
Last week’s data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, which means that the UK economy is no longer contracting- we may not see massive growth over the next year, however, a stagnating economy is […]
READ MORE20/11/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- November 20, 2023
- No Comments
Last week was generally pretty supportive for Sterling exchange rates from a data perspective- however on Friday this all changed very quickly as retail sales numbers came out as low as they were last in the pandemic. These spending numbers have pretty much confirmed that the BoE are finished with their hiking cycle, as clearly […]
READ MORE