Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 16, 2024
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German GDP figures for 2023 was released yesterday and showed a decrease of economic output for 2023 by -0.3%. Showing that the German economy is struggling with higher interest rates. With that in mind, this morning we had German inflation for December recording a level of 3.7% from 3.2% in November. Challenges ahead now is […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 15, 2024
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Sterling exchange rates closed on Friday net positive for the week after GDP numbers showed that the UK economy rebounded in November- however, the part that perhaps wasn’t reported as much is that over the quarter the economy contracted by 0.2%. Overall this is following the trend that the UK economy is not growing at […]
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- Posted by currencies in Bank of England, Currency, Economy, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 12, 2024
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US inflation came in stronger than what was forecasted for December, seeing the inflation rate increase to 3.4% versus 3.1% in November. Even if core inflation dropped from 4% to 3.9%, it was expected to reach a level of 3.8%. This has created more market uncertainty of when the Federal Reserve will start to cut […]
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- Posted by currencies in Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 2, 2024
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Pound Sterling starts 2024 in the mid-1.15’s against the EUR and mid-1.27’s against the USD, with the main focus this month centered around inflation releases for Europe, United States & The United Kingdom. The markets have prior to Christmas, been fully pricing in Interest Rate cuts for at some point between March & May. Any […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- December 20, 2023
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Sterling had a tough start to Wednesday’s session and lost ground against both the EUR and USD. After readings were released for core inflation and inflation rate in November. Expectations were that it would come down slightly from its figures in October, 5.7% (core inflation) and 4.6% (inflation rate). In reality we saw figures coming […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, UK, Uncategorised
- December 15, 2023
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Yesterday morning markets reacted to the Federal Reserve’s more aggressive than anticipated tone on cutting rates in 2024. The USD lost ground to the majority of other currency pairs. There was more to come throughout the day with both Bank of England and the European Central Bank giving their outlook on the future. First out was […]
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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
- December 14, 2023
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The US Dollar is now at a 4-month low against its major peers after The Federal Reserve finally signalled the path towards Interest Rate cuts next year. Federal Reserve Chair Jerome Powell failed to push back against rate cut expectations, saying the discussion if cuts in borrowing costs is coming into view. Markets are now […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- December 13, 2023
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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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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- December 5, 2023
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Sterling hovered around its highest levels in almost three months against the euro today, as markets raised their bets on rate cuts by the European Central Bank, which widened their divergence with the Bank of England. Higher interest rates attract investors’ demand and boost the value of a currency. Money markets fully price in more […]
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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
- November 27, 2023
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Last week’s data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, which means that the UK economy is no longer contracting- we may not see massive growth over the next year, however, a stagnating economy is […]
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