Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 16, 2023
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The pound dropped a little this morning after a rise in Britain’s jobless numbers suggested fewer Bank of England rate increases could be needed in the coming months to bring down inflation, helping the broad dollar index to push back towards Monday’s five-week peak. After Britain’s unemployment rate unexpectedly rose to 3.9% in the three […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 15, 2023
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The BoE delivered as expected a 25 bps hike last week with a relatively positive outlook, with a recession no longer on the cards in the UK and inflation expected to come down later this year. Unfortunately, this did not reflect well on the Pound, with GBPUSD falling to 1.24 down from 1.2680. With such […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 11, 2023
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GBP continued its hot streak against both The EUR & The USD yesterday as both currency pairs hit one year highs, with GBP/EUR closing yesterday’s session just above 1.15, whilst GBP/USD had hit highs of 1.2680 earlier in the day due to their inflation figures for April coming in slightly lower than expected. Seemingly paving […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 9, 2023
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Last week was pretty eventful with both the ECB and the Fed confirming 25 bps rises as expected, the key takeaways is that the Fed will probably pause for now and the ECB plans to continue. Following the Fed meeting we saw Western Alliance’s bank shares drop pretty steeply overnight, reigniting concerns in the U.S […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- May 4, 2023
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The USD lost further ground against major currency pairs overnight after The Federal Reserve raised their Interest Rates by a further 25 basis points, but crucially stated that they no longer anticipate further rate increases will be needed to bring inflation under control. Comments that this should mark the end of this hiking cycle led […]
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Market Update
- Posted by currencies in Bank of England, Currency, David Cameron, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 3, 2023
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The pound gained versus the dollar and held steady against the euro this morning ahead of an expected U.S. Federal Reserve rate hike later in the day and Thursday’s European Central Bank meeting. The Bank of England’s Monetary Policy Committee meets next week. The dollar traded lower against most major currencies as a combination of […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Alerts, Sterling, UK, Uncategorised
- May 2, 2023
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With just a 4 day week ahead of us in the UK before the King’s Coronation, we have a relatively volatile week on the cards with Central Banks as the key focus- which could present some great opportunities for those buying and selling Sterling. First of all, on Tuesday morning we have the RBA interest […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- April 21, 2023
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This morning we see the retail sales figures released for the UK. Expectations were that it would continue to drop off, especially after seeing inflation levels stay above the 10% mark earlier in the week. U.K. retail sales dropped 0.9% during March, more than expected, as high inflation curtails household spending, having a negative impact […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 19, 2023
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Sterling rises after U.K. inflation data this morning exceeded analysts’ forecasts, fuelling expectations the Bank of England will raise interest rates further. U.K. inflation fell to an annual rate of 10.1% in March from 10.4% in February, above the 9.8% expected by analysts. With food inflation hitting a 45-year high, adding to concerns over sticky inflation and […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 18, 2023
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Sterling extended gains above $1.24, moving closer towards an over 10-month high of $1.2546 touched on April 14, after data showed the UK labor market remained tight in the three months to February. The jobless rate edged up to 3.8% and total pay growth was unchanged at 5.9%, above forecasts of 5.1% and adding to […]
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