Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- August 30, 2023
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We had a pretty interesting week on markets with the Jackson Hole Symposium being a non event with no real policy change announced, the FOMC maintained that they will hike rates again if they feel it is necessary, but this will be entirely data-driven. The week ended with Sterling falling to 1.26 against the Dollar- […]
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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
- August 21, 2023
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From Monday-Thursday Sterling actually performed pretty well on the week, with Pound to Euro rate reaching 1.1730 and the Pound to Dollar rate hitting 1.28. Unfortunately, on Friday morning, weak UK retail sales showed a fall of -1.2% which brought Sterling down slightly which also dampened forecasts slightly. The data showed that due to bad […]
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- 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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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- August 14, 2023
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After positive UK GDP data, the Pound traded a little higher on Friday after a relatively disappointing performance over the week- the data showed that the UK economy has in fact still grown a little through this current cost of living crisis- for those of you in the UK this probably came as no surprises […]
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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
- August 10, 2023
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The US Dollar has edged lower this morning ahead of what is a key inflation release for The US. With headline CPI forecast to pick up slightly in July to 3.3%, while the core rate which excludes volatile food and energy prices is forecast to climb 4.8% on a year-on-year basis. The next scheduled meeting […]
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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
- August 7, 2023
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Last week the main event was the BoE interest rate hike, where the Central Bank raised interest rates by 25bps- but kept the stance of more hikes COULD happen if inflation were to go higher again, and that rates will stay high for at least a couple of years before any cuts are considered. Sterling […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- August 2, 2023
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The Bank of England is likely to raise interest rates by 0.25% to 5.25% when the monetary policy committee meets on Thursday. If the MPC goes ahead with the rate rise, which is widely expected by markets and forecast by analysts, this will be the 14th consecutive increase and record high since the 2007/08 financial crisis. […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Hikes, Sterling, UK, Uncategorised
- July 27, 2023
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The dollar extended losses today, a day after the Federal Reserve delivered what some expect to be its last rate hike, while the market’s focus shifted across the Atlantic to the European Central Bank’s impending rate announcement. The Fed on Wednesday raised interest rates by a quarter of a percentage point, as expected, marking its […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- July 18, 2023
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Cable might drop through 1.3000 if UK June CPI comes in softer than the 8.2% YY consensus forecast on Wednesday or ascend beyond 1.3150 if it is higher than expected for a fifth consecutive month. A cooler than forecast UK CPI print would reduce the probability of a second consecutive 50 basis point rate rise […]
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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
- July 17, 2023
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The British Pound will on Wednesday encounter another key economic release in the form of CPI inflation for June which will determine whether the Bank of England will deliver a second consecutive 50 basis point interest rate increase in August. The Pound has rallied through 2023 as UK inflation has proven more resilient than expected […]
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