25/06/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- June 25, 2024
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GBP’s momentum against the USD and EUR has slowdown since inflation levels for the UK were released last week. We can now see that inflation is still growing in the service sector rather than on goods, meaning that inflation is forced more ‘domestically’, in other words on households. Policy makers mention that this type of […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, GBP, Rate Cuts, Sterling, UK, Uncategorised
- June 25, 2024
- No Comments
GBP’s momentum against the USD and EUR has slowdown since inflation levels for the UK were released last week. We can now see that inflation is still growing in the service sector rather than on goods, meaning that inflation is forced more ‘domestically’, in other words on households. Policy makers mention that this type of […]
READ MORE24/06/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- June 24, 2024
- No Comments
The major story last week was the Bank of England making it very clear that they are preparing for a rate cut in August, this caused Sterling rates to sell off a little on Thursday, the losses were then pared on Friday following positive retail sales out of the UK- which has levelled rates off […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- June 24, 2024
- No Comments
The major story last week was the Bank of England making it very clear that they are preparing for a rate cut in August, this caused Sterling rates to sell off a little on Thursday, the losses were then pared on Friday following positive retail sales out of the UK- which has levelled rates off […]
READ MORE18/06/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- June 18, 2024
- No Comments
Core inflation numbers are released for the Euro Zone at 10am, its forecasted to attract a slight gain from 2.7% in April up to 2.9% for May. This should not have too much impact on markets as ECB decided to lower their interest rates the other week – stating that inflation levels are on a […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- June 18, 2024
- No Comments
Core inflation numbers are released for the Euro Zone at 10am, its forecasted to attract a slight gain from 2.7% in April up to 2.9% for May. This should not have too much impact on markets as ECB decided to lower their interest rates the other week – stating that inflation levels are on a […]
READ MORE07/06/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- June 7, 2024
- No Comments
The ECB (European Central Bank) lowered their borrowing costs for the first time in five years from an all time high by 25 basis points down to 4.25%. This did not come as a shock to markets as it was an expected next step from the European Central Bank. Seeing small gains for the EUR […]
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- Posted by currencies in Bank of England, Dollar, EUR, GBP, Rate Cuts, Sterling, UK, Uncategorised
- June 7, 2024
- No Comments
The ECB (European Central Bank) lowered their borrowing costs for the first time in five years from an all time high by 25 basis points down to 4.25%. This did not come as a shock to markets as it was an expected next step from the European Central Bank. Seeing small gains for the EUR […]
READ MORE06/06/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- June 6, 2024
- No Comments
Yesterday The Bank of Canada became the 2nd Central Bank after The Swiss National Bank to implement their first rate cut and this came after six consecutive meetings of leaving rates on hold. Their rates have been reduced by 25 basis points, down from the highs of 5% to 4.75%. Justifying the reasons for their […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- June 6, 2024
- No Comments
Yesterday The Bank of Canada became the 2nd Central Bank after The Swiss National Bank to implement their first rate cut and this came after six consecutive meetings of leaving rates on hold. Their rates have been reduced by 25 basis points, down from the highs of 5% to 4.75%. Justifying the reasons for their […]
READ MORE