Market Update
- Posted by currencies in Bank of England, Budget, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 28, 2023
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The Pound stagnated, following the news that food inflation had hit a 15 year high. Kantar released data on Tuesday morning which showed that UK food inflation climbed to 17.5% during March, adding an additional £837 to the average UK household’s grocery bill. Due to the cost-of-living crisis embroiling the UK, sentiment seemed to wane […]
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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 15, 2023
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The main highlight of the past few days has been the failure of the tech startup-focused SVB and the crypto focussed Signature Bank – Sweden’s largest pension fund (also known as Alecta). Both the Federal Reserve and the Biden administration have agreed to cover the loss of depositors’ funds, which amount to more than $1Billion. […]
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Market Update
- Posted by currencies in Bank of England, Budget, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- February 20, 2023
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To recap on Friday, we had four FED speeches, simply just talking about economic outlook of what’s yet to come they basically mentioned they are going to be more hawkish and there’s a need for further rate hikes which will further boost the dollar. The dollar hit a six-week high against many currencies as it […]
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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, 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
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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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Market Update
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- October 4, 2022
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Global stocks rallied for a second day, after Britain’s decision to ditch part of a controversial tax-cut plan and slightly paler expectations for aggressive central bank action returned some confidence to investors. UK Finance Minister Kwasi Kwarteng on Monday announced the government would back down on reversing a tax break for top earners that formed […]
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Market Update
- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- September 29, 2022
- No Comments
Sterling and the euro fell on today and the U.S. dollar clawed back a recent dip as relief at the Bank of England’s intervention in bond markets faded. The British currency jumped the most since mid-June on Wednesday after the BoE announced an emergency bond-buying plan to shore up a gilt market that had been […]
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