Market Update
- Posted by currencies in Bank of England, Economy, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 23, 2024
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The recent dovish sentiment from BoE on their stance on interest rates has seen GBP fall sharply, in particular to the USD. After both Bank of England members Bailey and Ramsden last week announced a different path for BoE on their monetary policy, suggesting that inflation levels have fallen steeper than anticipated. Their outlook is […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- April 17, 2024
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This morning has seen some much needed relief provided for GBP against it’s major currency peers, USD & EUR in particular with GBP climbing around 0.5% against both currencies after March’s Inflation figures were released. Inflation was expected to drop down to 3.1%, however it’s proved fairly dogged this morning and dropped slower than expected […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 15, 2024
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Last week was pretty busy on the macroeconomic front with Fed minutes, the ECB confirming a rate cut from June and plenty of economic data- however, this was all over shadowed by the escalating Middle East conflict with Iran launching a drone attack on Israel. The reality of such events is that it throws the […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 11, 2024
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Stronger than anticipated inflation has buoyed expectations that The Federal Reserve will hold off from any imminent rate cuts and prolong their higher-for-longer mantra. As a result, we have seen The Dollar hit a 5 month high, threatening to dip towards 1.25 last night. March’s inflation came out at 3.5%, proving again that inflation was […]
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- Posted by currencies in Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Uncategorised
- April 10, 2024
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The US Dollar has steadied this morning, as anticipation builds towards the key inflation release for The U.S this afternoon. It’s expected that inflation will have remained an issue for The Federal Reserve in March, with figures suggesting inflation will have crept back up towards 3.4%-3.5%. A release which would give The Federal Reserve less […]
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- Posted by currencies in Dollar, Economy, EUR, Fed, Rate Cuts, Uncategorised
- April 4, 2024
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The Dollar has hit a one-week low earlier this morning as recent economic data releases have ramped up expectations for quicker than expected Interest Rate cuts in The US. An unexpected slowdown in US Services growth has also contributed to the Dollar falling. It was stated yesterday by Fed Chairman Jerome Powell however, that the […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 2, 2024
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US Dollar strength in the last 24 hours has seen both GBP/USD & EUR/USD lose ground from last week, with both currency pairings losing close to 1%. GBP/USD had dropped to its lowest level since February with US manufacturing expanding for the first time since September 2022. Reports out of The US are also suggesting […]
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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
- March 26, 2024
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If we look into the economic calendar for today, there is nothing coming out for the UK. Consumer confidence from Germany was rolled out this morning and is almost unchanged from last month. While on the topic, we do have consumer confidence from the US in the afternoon too. Highlights for this week will be […]
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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
- March 25, 2024
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UK Retail Sales showed promising signs for The UK economy, with figures coming in better than initially anticipated, albeit flatlining last month against expectations of a decline in sales. Any further optimism towards The UK’s economic health may well come in the form of our GDP numbers on Thursday, which will outline whether the recent […]
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- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 11, 2024
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In a surprising turn of events, the UK economy shrank by 0.3% in October, causing the value of the British pound to decrease. Economists had predicted a steady or slight growth of 0.1% for the month. This decline in the economy reflects the growing pressures on households and businesses because of the rising cost of […]
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