Market Update
- Posted by currencies in Bank of England, Currency, GBP, Inflation, Sterling, UK, Uncategorised
- March 1, 2024
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Do we start to see a transition when it comes to buyers confidence when it comes to the UK housing market? Well mortgage approvals are increasing and it’s a natural effect after mortgage rates do start to come down. With interest rates cuts coming closer for every day, even if we don’t have a date […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- February 27, 2024
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First two days of this week have not included much data, even if we have seen some volatility on the markets its mainly from reactions from earnings reports last week. We can see that liquidity is filling stock markets across the world that has been the general factor for minor movements on currency pairs. If […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 20, 2024
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Last week delivered a blow to the Pound following GDP figures which showed the UK entered a recession last quarter- This wasn’t really news to us however now it has been made official we saw an effect to the exchange rates- both GBPEUR and GBPUSD fell after enjoying a month and a half of gains. […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 12, 2024
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Pound Sterling has continued to be supported through last week and now faces a heavy week of economic data, which will no doubt play on the minds of The Bank of England regarding future Interest Rate moves. Up first, we have UK Employment Data, particularly the unemployment rate which forecasts currently suggest will have risen […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- February 6, 2024
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RBA (Reserve Bank of Australia) went down the same path as other central banks last week and kept rates on hold for now. No surprises here, as the majority of central banks still waiting to see when the Federal Reserve will make their next move and follow suit. On top of that Australia main export […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 5, 2024
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Last week was generally quite stable for Sterling following the Bank of England decision where rates were held with no real immediate concern for any cuts coming soon- the big news though was the NFP report on Friday which showed that the U.S had added 353k jobs in January, which was almost double expectation. This […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- January 29, 2024
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Its a busy week ahead in terms of data and central bank meetings. US and the Federal Reserve hold their meeting on Wednesday. The latest announcements is that members have stopped saying that they need to keep rates higher for longer. Wednesday could be an indication of a more clear view of when a first […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 19, 2024
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On Thursday we heard from Christine Lagarde in Davos, given us an small indication that ECB could start to cut rates in the Summer but she was stern on the topic of overconfidence in the market could halt their inflation policy and its vital to continue being data-driven. European inflation grew for its first time […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- January 18, 2024
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Stronger than expected U.S Retail Sales in December has helped to keep the US Dollar elevated near a 5-week high against the major currency pairs, with Interest Rate cut expectations dropping with The Federal Reserve seemingly in no exact rush to lower their rates. Markets have now trimmed the odds of a first rate cut […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 17, 2024
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Pound Sterling has risen across the board this morning after UK inflation figures for December increased more than initial expectations. This has now led to markets lowering their expectations for immediate Bank of England interest rate cuts, which of course bodes well for The Pound if as suggested The Federal Reserve and European Central Bank […]
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