Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- January 5, 2023
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The USD edged slightly higher against GBP overnight as The Fed Reserve’s meeting minutes seemed to point towards a continuation of their hawkish stance. The minutes indicated that the central bank should eventually slow the pace of aggressive rate hikes, however The Federal Reserve are still intent on having high interest rates until further evidence […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- December 2, 2022
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The pound climbed to its highest level against the dollar since June as the US greenback weakened on expectations of an interest rate hike slowdown. The British currency touched $1.23, having bounced back from its record low of around $1.03 two months ago after the chaos of Kwasi Kwarteng’s mini-budget. The move higher will help […]
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01/12/2022 – Exchange Rates
- Posted by currencies in Bank of England, Budget, Dollar, Economy, EUR, Fed, UK, Uncategorised
- December 1, 2022
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USD continues to fall against it’s major currency pairs after Federal Reserve Chairman Jerome Powell stated a slowdown of rate increases may come as soon as their next meeting on December 14th. Up until now, The U.S central bank has raised interest rates by 75 basis points at each of it’s last 4 meetings, but […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 29, 2022
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Sterling gained against the dollar this morning as the safe-haven greenback fell against most currencies as market sentiment improved on hopes that China would ease its strict COVID-19 curbs. The British currency in recent weeks has been more responsive to broad shifts in risk sentiment than the European common currency, and the pound also gained […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- November 3, 2022
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The USD surged by over 2% against both EUR & GBP after The Federal Reserve raised interest rates by a further 75 basis points last night, the fourth such rate hike in a row. Taking current interest rates in America to 4%. Comments made by Fed Chair Jerome Powell afterwards however was the main contributor […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- October 13, 2022
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GBP continues to be vulnerable as we head to The Bank of England’s Friday deadline when they are due to bring their emergency support for bonds to an end. BoE Governor Andrew Bailey stated at the beginning of this week that the support would draw to a close this Friday, however there seems to be […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Sterling, UK, Uncategorised
- October 12, 2022
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Sterling slipped to a new two-week trough after Bank of England Governor Andrew Bailey reiterated that the central bank would end its emergency bond-buying program on Friday and told pension fund managers to finish rebalancing their positions within that time frame. However, the pound rebounded slightly after a report in the Financial Times said the […]
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Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- October 11, 2022
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The pound weakened for the fifth day in a row amid fresh signs of trouble in the UK government bond market that forced yet another intervention by the Bank of England. The pound currently stands at $1.10 after recovering slightly to $1.14 last week, following Kwasi Kwarteng’s U-turn on the abolition of the 45 percent […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Sterling, UK, Uncategorised
- October 6, 2022
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Fitch has downgraded the UK’s government debt rating to “negative” from “stable” following the mini-budget. The ratings agency warned that the “large and unfunded fiscal package” could lead to a significant increase in the government’s deficits over the medium term. The large and unfunded fiscal package announced as part of the new government’s growth plan […]
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Market Update
- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- October 5, 2022
- No Comments
The pound slipped against the dollar as traders weigh up the UK government’s U-turns and awaits a speech from prime minister Liz Truss. Sterling had initially jumped against the US greenback in early trade, hitting its highest level in three weeks. However, it soon gave up those gains. The more robust pound, compared its fragile […]
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