Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- March 29, 2022
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In the last 24 hours, we saw sterling steal the show weakening heavily against the euro and dollar by almost 1%. As for the reason, Gov Bailey from the Bank of England held a speech that further re-affirmed the same message of UK economic weakness received at the last policy meeting. A dovish central bank […]
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28/03/2022 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 28, 2022
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Sterling edged higher versus the euro this morning, with investors focusing on the Bank of England’s next moves to tame inflation while avoiding recession risks. The pound lost ground against a strengthening dollar as concerns about a prolonged war in Ukraine boosted demand for safe-haven assets. Bank of England Governor Andrew Bailey will give a […]
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Market Update
- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- March 28, 2022
- No Comments
Sterling edged higher versus the euro this morning, with investors focusing on the Bank of England’s next moves to tame inflation while avoiding recession risks. The pound lost ground against a strengthening dollar as concerns about a prolonged war in Ukraine boosted demand for safe-haven assets. Bank of England Governor Andrew Bailey will give a […]
READ MORE25/03/2022 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 25, 2022
- No Comments
Standstill. That’s one way to explain the currency market over the past day. UK PMI data came out positive except that of manufacturing PMI. Today retail sales came in at -0.3% vs forecasts at 0.6%, as we know retail sales speaks volumes about the health of an economy, so a contraction only aligns with the […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- March 25, 2022
- No Comments
Standstill. That’s one way to explain the currency market over the past day. UK PMI data came out positive except that of manufacturing PMI. Today retail sales came in at -0.3% vs forecasts at 0.6%, as we know retail sales speaks volumes about the health of an economy, so a contraction only aligns with the […]
READ MORE24/03/2022 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 24, 2022
- No Comments
UK Inflation hit 6.2%, a 30 year high. The main contributors to inflation rising were a surge in prices of Fuel and food. Household Energy bills have increased by 25% by a year ago and forecasts suggest inflation is on the path to hitting 10% in the coming months. Historically GBP would usually strengthen against […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Bremain, Budget, coronavirus, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 24, 2022
- No Comments
UK Inflation hit 6.2%, a 30 year high. The main contributors to inflation rising were a surge in prices of Fuel and food. Household Energy bills have increased by 25% by a year ago and forecasts suggest inflation is on the path to hitting 10% in the coming months. Historically GBP would usually strengthen against […]
READ MORE23/03/2022 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 23, 2022
- No Comments
UK CPI surged to 6.2% for Feb YoY reaching a 30 year high for the pound. As expected, CPI data reaffirmed the consensus of an overheating economy led by energy prices with 8% set as the peak of inflation expected in May and 10% forecasted to be hit around October. PPI data unsurprisingly saw another […]
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Market Update
- Posted by currencies in Bank of England, Budget, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- March 23, 2022
- No Comments
UK CPI surged to 6.2% for Feb YoY reaching a 30 year high for the pound. As expected, CPI data reaffirmed the consensus of an overheating economy led by energy prices with 8% set as the peak of inflation expected in May and 10% forecasted to be hit around October. PPI data unsurprisingly saw another […]
READ MORE22/03/2022 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 22, 2022
- No Comments
Uncertainty. If there’s one word to describe the sentiment of FX and global asset markets right now that is it. As expected, President Lagarde’s speech today had no real effect on rates today stating that “we are not seeing the signs of stagflation currently”. Although that might be true for the current time period, that’s […]
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