Market 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 coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 9, 2021
- No Comments
This week has pretty much been the week of Central Banks, with Rate Decisions from Australia, Canada, Poland, & The ECB today. First up on Tuesday was The Reserve Bank of Australia, keeping their Interest Rates at 0.10%, however more importantly forward guidance suggested they would begin their asset tapering with the aim of drawing […]
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 MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- September 2, 2021
- No Comments
UK house prices rose 11% against last Augusts figures, climbing closer to Pre-Pandemic levels, bringing some levels of positivity for The UK’s economic recovery. It is thought that although The Stamp Duty Holiday came to an end for higher bracket priced houses back in June, houses falling under the £250,000 or less bracket was the […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- August 26, 2021
- No Comments
The last few days have been extremely volatile for The U.S Dollar as we move into The Jackson Hole Summit with all eyes on what The Fed Reserve will mention regarding possible Rate Hikes and any Quantitive Easing measures moving forward. Over the past week we’ve seen USD gain momentum against both EUR & GBP […]
READ MOREMarket Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 24, 2021
- No Comments
Sterling edged lower against the dollar this morning, but held most gains made against the greenback on the back of a risk rebound at the start of the week that saw the British currency bounce nearly 1%. The pound has traded roughly in line with risk sentiment in global markets, and a recovery in world […]
READ MOREMarket Update
- Posted by currencies in coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- August 9, 2021
- No Comments
The pound slipped slightly in early trading against the US Dollar but was still close to its strongest versus the euro since February 2020, as investors focused on the possible pace of monetary policy tightening after the Bank of England meeting last week. In recent weeks, sterling has outperformed as COVID-19 cases have fallen and […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- July 29, 2021
- No Comments
The British Pound has continued its recovery this week with a continuation of daily drops in Covid cases against the figures released 7 days earlier. Earlier this week, The UK saw a 38% drop for week on week cases, bringing some optimism that the third wave ending may well be in sight. With cases having […]
READ MOREMarket Update
- Posted by currencies in Brexit, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- July 21, 2021
- No Comments
Sterling edged lower this morning and was set for its fifth consecutive daily decline versus the dollar and Euro amid rising numbers of COVID Delta variant cases in Britain and confusion around the lifting of restriction in England. The government said that while cases are rising, hospitalisations and deaths remained low. Confusion on the removal […]
READ MORE