Market Update
- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- June 8, 2023
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The US Dollar has remained near it’s recent two-month high with next week’s Federal Reserve interest rate decision looming. The Central Bank is widely expected to pause its year-long interest rate hiking cycle, but expectations are increasing on the possibility that this pause will be temporary, with a potential rate hike in July still on […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, Inflation, Prime Minister, Sterling, UK, Uncategorised
- June 7, 2023
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After a great run of outperformance since February, UK economic data has generally underwhelmed since mid-May, according to analysts. Nevertheless, the strong-than-expected data since the start of the year has prompted upgrades to the economic outlook for the current year. Meanwhile, the slower-than-expected moderation in UK inflation in April has raised the odds of a […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- June 5, 2023
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The dollar edged up against major peers today, as markets priced in around a 1-in-4 chance of the U.S. Federal Reserve raising benchmark rates this month after robust jobs data on Friday. The dollar index – which tracks the greenback against six peers – came off the boil last week, after some Fed officials voiced […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, Fed, Inflation, Rate Cuts, UK, Uncategorised
- June 2, 2023
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The dollar headed for its largest weekly fall since mid-January as the view took hold among investors that the Federal Reserve will forgo an interest rate hike this month, which would diminish the greenback’s appeal to non-U.S. buyers. The U.S. Senate late on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the […]
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Market Data
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, Inflation, Sterling, UK, Uncategorised
- June 1, 2023
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GBP/EUR is still staying healthy above 1.16, the highest it’s been since December 2022. This is mainly due to German states inflation cooling more than expected over the past month. This is welcome news for The European Central Bank, but it also more or less confirms an end to their rate hike cycle. Sticking with […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 30, 2023
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The last week was pretty volatile for markets- with traders now pricing in more BoE hikes this year (Expected to reach 5.5%) following inflation data showing no sign of cooling yet. Naturally, this helped push the GBPEUR rate higher into the 1.15 area- but unfortunately, this did not reflect in GBPUSD prices, much due to […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- May 18, 2023
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The US Dollar has strengthened further overnight after a continued standoff in negotiations surrounding the debt ceiling in The States. The current debt limit is $31.4 Trillion and concerns have been raised that a recession could be looming large in The US if no agreement can be reached. There is of course some hope that […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 17, 2023
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The pound slipped against a strengthening dollar on Wednesday and maintained its losses after Bank of England Governor Andrew Bailey reiterated, he expected price pressures to ease, as soon as April. Speaking at the British Chambers of Commerce Global Annual Conference, Bailey said that if price pressures were to be more persistent, further tightening of […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 16, 2023
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The pound dropped a little this morning after a rise in Britain’s jobless numbers suggested fewer Bank of England rate increases could be needed in the coming months to bring down inflation, helping the broad dollar index to push back towards Monday’s five-week peak. After Britain’s unemployment rate unexpectedly rose to 3.9% in the three […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 15, 2023
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The BoE delivered as expected a 25 bps hike last week with a relatively positive outlook, with a recession no longer on the cards in the UK and inflation expected to come down later this year. Unfortunately, this did not reflect well on the Pound, with GBPUSD falling to 1.24 down from 1.2680. With such […]
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