Market Update
- Posted by currencies in Bremain, Brexit, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- December 20, 2021
- No Comments
The British pound slipped to a three-day low on Monday, dropping below $1.32 versus the dollar as a broad risk-off mood swept through financial markets. Growing doubts about U.S. President Biden’s infrastructure program to see the light of day due to Democrat Joe Manchin’s ‘no’ is prompting a rethink about U.S. growth forecasts for 2022 […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- November 15, 2021
- No Comments
The GBP was under great pressure last week leading on from the Bank of England’s decision to keep interest rates on hold the previous week. The prior weeks before the decision, Sterling had gained on strong market expectations of an interest rate hike which have now been clawed back. A bout of economic releases, for […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- November 4, 2021
- No Comments
Wednesday saw the eagerly awaited Fed Reserve meeting centred around Tapering, when would it start and by how much? All the speculation over the last week had pointed towards a tapering plan to begin the reduced asset purchases by $15b p/month. This is exactly how it panned out, with The Fed Reserve going further to […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- November 1, 2021
- No Comments
November has opened trading with the GBP having retraced gains from an incredibly strong month. Investors and traders priced in an interest rate hike from the Bank of England this side of the new year in the last 2 weeks of trading. The GBP had reached highs against the US Dollar, Euro and a basket […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- September 27, 2021
- No Comments
The Federal Reserve of the US and Bank of England of the UK both kept interest rates on hold last week. With the markets expecting no changes in rates and Quantitive easing; they were however looking for some forward guidance as to when an interest rate hike may come. The Fed are currently monitoring employment […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- September 20, 2021
- No Comments
The Pound commenced last week much higher against the Euro & US Dollar due to Bank of England’s hint of an interest rate hike. However, the pound has fallen against the Euro and USD towards the close of trading on Friday last week. Inflation data for the UK superseded the Bank of England’s forecast in […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- September 16, 2021
- No Comments
Yesterday morning we saw GBP edge up slightly across the major currencies with inflation hitting more than a nine year high, which led to further expectation for The Bank of England to act sooner rather than later with hiking Interest Rates. Consumer prices rose by 3.2% last month, the biggest monthly rise in over 20 […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- September 15, 2021
- No Comments
The British pound rebounded this morning but was off the highs touched yesterday, after data showed British inflation hit a more than nine-year high last month, fuelling expectations the Bank of England could look to hike rates sooner than previously expected. CPI in Britain rose by 3.2% on a year-on-year basis last month, the biggest […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, election, EUR, GBP, Sterling, UK, Uncategorised
- September 13, 2021
- No Comments
Bank of England Governor, Andrew Bailey, and other members of the BoE have given signs of an interest rate hike withing the next year. The Pound naturally rose against US Dollar and Euro at the close of week. The market has now retraced much of these gains over the weekend into the open this week […]
READ MOREMarket Update
- Posted by currencies in Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- September 7, 2021
- No Comments
The Pound rose sharply against the US Dollar on the close of last week, Friday, due to a massively underperforming non-farm payrolls report. The monthly jobs reports, released on the first Friday of every month, was expected to add 750k jobs however actually come in at a shocking 235k. On a more positive note, average […]
READ MORE