Market Update
- Posted by currencies in Bank of England, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- September 20, 2023
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The euro got a lift this morning from a report that indicated the European Central Bank may soon start discussing how to drain some of the excess liquidity in the banking system, whilst also the latest inflation data shows annual inflation has come in lower than expected at 5.2% for August, down from 5.3% in […]
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- Posted by currencies in Bank of England, Dollar, EUR, GBP, UK, Uncategorised
- September 18, 2023
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The ECB surprised markets last week by raising interest rates by 25bps to record highs instead of keeping them on hold as initially expected- the bank now will pause on rate hikes for now and keep an eye on data- it seems the ECB believes that growth will be slow in the Eurozone but inflation […]
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- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- September 15, 2023
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The pound rose against the dollar today as the greenback slipped and as traders looked ahead to the Bank of England’s interest rate decision next week. Sterling has been one of the best performing currencies this year, up 2.8% against the dollar since the start of January. But it has fallen since mid-July as the […]
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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
- September 14, 2023
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Pound Sterling continued it’s downward trend against The USD, struggling to get back to the 1.25 levels, after poorer than expected economic growth figures in The UK. The economy contracted by 0.5% in July, more than the anticipated 0.2% growth. The main contributors seem to be the strike action taken up by healthcare workers and […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Hikes, Retail Sales, Sterling, UK, Uncategorised
- September 13, 2023
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Sterling slipped this morning and is on track for its biggest daily drop in a week as UK economy contracted by 0.5% in July, a worse than expected 0.2% contraction in gross domestic product. While many factors could have influenced this downturn, its been highlighted that a significant portion of this decrease can be pinned […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Hikes, Sterling, UK, Uncategorised
- September 5, 2023
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The Pound suffered this morning, trading narrowly lower against the USD as an upbeat market mood was offset by UK recession woes. The Pound gained slightly on Monday despite a lack of major economic data. After last week’s major selloff, Sterling recouped some of its losses to open the week. An improving market mood, due […]
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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
- September 4, 2023
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As the first full week of the month fets into full swing- we have a pretty quiet Monday with it being Labor day in the U.S- the only key release will be a speech from ECB President Lagarde, markets are quite torn on whether the ECB will raise rates again so this speech may provide […]
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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 31, 2023
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Inflation is the main talking point today with Euro-Zone inflation due out at 10am this morning. Yesterday Germany released their August Inflation figures, with a slight decline from 6.2% in July to 6.1% last month. Coupled with Price Growth in Spain hitting a 3 month high, markets are now increasing the possibility of The European […]
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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 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, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- August 25, 2023
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The British pound dropped to a 10-week low on Friday as investors rein in expectations of where they think the Bank of England’s interest rate might peak after recent soft activity data. S&P Global’s flash purchasing managers’ index (PMI) for August, released on Wednesday, showed business activity contracted, indicating the UK economy was on course […]
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