Market Update
- Posted by currencies in Bank of England, Bremain, coronavirus, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- March 27, 2024
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This morning we’ve seen a basket of Euro data released from France, Spain and The Euro-Zone. Although preliminary Spanish Inflation data for March suggests a slight rise in prices, Consumer confidence across the bloc improved throughout March with possibilities of an interest rate cut on the horizon. Sticking with Europe, we have some pretty weighted […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Sterling, UK, Uncategorised
- March 19, 2024
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Recent market speculation is that Bank of England shows signals of a potential rate cut happening in the late summer. While macro economists and strategists are predicting a bluntly different scenario, seeing long positions on GBP strengthen – which if markets place into its hands will boost the GBP in the long run. Even if […]
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Market Update
- Posted by currencies in Brexit, coronavirus, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 25, 2024
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Pound Sterling reached a 4-month high yesterday against The Euro after a mixed bag of PMI results across manufacturing and services sector for both The UK & EU. Across the board results showed a decline in these sectors throughout Europe, whereas manufacturing and services in particular in The UK saw a surprising increase, paving the […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- December 20, 2023
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Sterling had a tough start to Wednesday’s session and lost ground against both the EUR and USD. After readings were released for core inflation and inflation rate in November. Expectations were that it would come down slightly from its figures in October, 5.7% (core inflation) and 4.6% (inflation rate). In reality we saw figures coming […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Hikes, Sterling, UK, Uncategorised
- September 5, 2023
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The Pound suffered this morning, trading narrowly lower against the USD as an upbeat market mood was offset by UK recession woes. The Pound gained slightly on Monday despite a lack of major economic data. After last week’s major selloff, Sterling recouped some of its losses to open the week. An improving market mood, due […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- August 17, 2023
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Pound Sterling is still climbing against The EUR after yesterday’s positive inflation release. Inflation dropped from 7.9% down to 6.8% in the year to July, with the main contributors being a drop in prices for; Energy, Petrol & Diesel, Milk, Bread & Cheese. Keeping inflation relatively high at the moment are the price increases in […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- April 21, 2023
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This morning we see the retail sales figures released for the UK. Expectations were that it would continue to drop off, especially after seeing inflation levels stay above the 10% mark earlier in the week. U.K. retail sales dropped 0.9% during March, more than expected, as high inflation curtails household spending, having a negative impact […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 18, 2023
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Sterling extended gains above $1.24, moving closer towards an over 10-month high of $1.2546 touched on April 14, after data showed the UK labor market remained tight in the three months to February. The jobless rate edged up to 3.8% and total pay growth was unchanged at 5.9%, above forecasts of 5.1% and adding to […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- April 11, 2023
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Markets have been quiet due to the extended Easter Bank Holiday weekend- but on Friday we did have U.S NFP’s release- and though the number was better than expected, the market seems to now be in agreement that the last few months of job cuts globally will now start feeding into jobs numbers and that […]
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Market Update
- Posted by currencies in Bremain, coronavirus, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 27, 2023
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To recap on Friday, we saw a reduction in the initial jobless claims for the US following that the job market in the US remains strong. The dollar’s strength could continue in the near-term as US economic data support the case for the Federal Reserve to raise interest rates further, Investors now price in three […]
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