Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- September 30, 2021
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USD strength has been the main theme of the week, with focus solely on preparation for The Fed Reserve to begin tapering in November. Initial concerns were raised around tapering beginning too soon with the global economic recovery slowing, as well as high inflation taking place across the board. However with The Fed set to […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- September 27, 2021
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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 […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- September 23, 2021
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Wednesday’s main focus for traders was The Fed Reserves Interest Rate decision, an eagerly awaited data release providing forward guidance on interest rates and monetary policy. Rate hikes globally have been a topic of conversation over the past few months with inflation over-shooting many central bank targets of 2%. The main takeaway from The Fed’s […]
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- 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
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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 […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, election, EUR, GBP, Sterling, UK, Uncategorised
- September 13, 2021
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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 […]
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- Posted by currencies in coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 9, 2021
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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 […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- September 2, 2021
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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 […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 24, 2021
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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 […]
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Market Update
- Posted by currencies in coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- August 9, 2021
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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 […]
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- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- July 29, 2021
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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 […]
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