Market Update
Last week was very encouraging for Sterling bulls with GBPEUR rising above 1.17 and GBPUSD rising above 1.29. Retail sales coming in strong on Friday closed off the week perfectly […]
Market Update
UK Inflation has jumped back above 2% as expected, however it hasn’t climbed as much with headline numbers showing inflation at 2.2%. The dilemma facing the Bank of England over […]
Market Update
The Australian Dollar has strengthened overnight against a number of currencies after Reserve Bank Governor Michele Bullock stated that central bank wouldn’t hesitate to hike interest rates again if inflation […]
Market Update
Since end of last week GBP has lost battles against its peers, noticing big losses against both the EUR and USD. Yesterday and in this morning session, we have seen […]
Market Update
Pound Sterling has suffered more losses this morning against major currency pairs, as it now looks increasingly likely that an Interest Rate cut by the Bank of England will be […]
Market Update
Readings from the ECB bank lending survey sending mixed signals. Demand continues to fall for businesses in the Euro zone while household lending saw its first increase since 2022. A […]
Market Update
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 […]
Market Update
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 […]
Market Update
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 […]
Market Update
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 […]