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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- 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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- Posted by currencies in Bank of England, coronavirus, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Sterling, UK, Uncategorised
- September 9, 2022
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The pound managed to make up some ground against the dollar this morning, recovering from the 37-year low it hit earlier in the week. Despite the slight recovery since then, experts are still pointing to the fact that the pound may fall further as Liz Truss seeks to increase government borrowing to fund a new […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- August 18, 2022
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Inflation in The UK has again reached new highs, climbing to 10.1% in July mainly contributed by an increase in prices for food and fuel. Expectations for inflation hitting double figures have come much earlier than the initial time-frame of October, and is also the first time since February 1982 that inflation has been in […]
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- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- August 11, 2022
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U.S inflation in July dropped from 9.1% down to 8.5%, leading to The USD plunging overnight against both GBP & EUR. Although prices within groceries and housing continued to climb, a fall in petrol prices by almost 8% to fall below $4 a barrel for the first time since March, no doubt played the biggest […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- July 19, 2022
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The British pound rose against a broadly struggling dollar but fell against a stronger euro as the latest economic data suggested the cost-of-living squeeze had not yet hit demand for staff in the UK. Data showed Britain’s unemployment rate holding at 3.8% in the three months to May while the number of people in work […]
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- Posted by currencies in Bank of England, Budget, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- June 23, 2022
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UK Inflation is continuing to rise at unprecedented levels, reaching 9.1% in May. Fuel and energy prices have been the biggest drivers of inflation, which has brought inflation to it’s highest point since 1982. This has led to more calls for The Bank of England to not only continue rate hikes, but to also implement […]
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- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- June 20, 2022
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The pound edged higher this morning, breaking a three-week losing streak versus the broadly struggling U.S. dollar as hawkish comments from policymakers supported the currency. While the Bank of England raised interest rates by just a quarter point last week – lagging more robust action from the U.S. Federal Reserve and other central banks, markets […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 12, 2022
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US Dollar strength continues to be the theme of May after another high release of Inflation data for April bringing the U.S inflation to 8.3%. The figure was lower than the release in March but still higher than expectations, meaning the aggressive rate approach from The Fed Reserve looks set to remain. As it stands […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- April 26, 2022
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The pound held near lows last seen in 2020 against a strong dollar, as risk assets like the British currency remained under pressure on concerns over the impact of the lockdowns in China on the global economy. Sterling edged lower, after falling on Monday below $1.27 against the dollar for the first time since September […]
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