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
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- April 17, 2023
- No Comments
After a disappointing retail sales release from the U.S on Friday, we saw the markets very quickly jump into positions on the Dollar- GBPUSD fell from 1.25 down to 1.24, EURUSD from 1.10 down to 1.09, and GBPEUR from 1.1370 down to 1.1280. So why did the Dollar strengthen after weak U.S data? The answer […]
READ MORE
Market Update
- Posted by currencies in Currency, Dollar, Economy, Fed, Inflation, Sterling, UK, Uncategorised
- April 14, 2023
- No Comments
The DXY (dollar Index) dropped to a one year low this morning. Results after yet another inflation data, PPI (Producer Price Inflation) decrease of 0.5%. Only a few days ago, we saw Consumer Price Inflation posting its smallest annual increase since May 2021. Market expectations were raised further that the Federal Reserve’s monetary actions will […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 12, 2023
- No Comments
Tuesday was a busy day for global economic releases, below are some of the highlights and impact it had on the markets. UK- BRC Retail Sales Monitor YOY (MARCH)- Forecast: 4.2%/ Actual 4.9%Sales grew 0.7% ahead of expectation to 4.9%- largely due to Mother’s Day sales, despite the cost-of living-pressures and the wettest March in […]
READ MORE
Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- April 11, 2023
- No Comments
Markets have been quiet due to the extended Easter Bank Holiday weekend- but on Friday we did have U.S NFP’s release- and though the number was better than expected, the market seems to now be in agreement that the last few months of job cuts globally will now start feeding into jobs numbers and that […]
READ MORE
Market Update
- Posted by currencies in Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 6, 2023
- No Comments
USD has edged higher this morning with risk sentiment amongst traders softening, however the safe-haven currency still remains near 2 month lows as it looks increasingly likely that The Federal Reserve will look to pause it’s rate hike cycle. Recent economic data out of The US has pointed to a slowdown, especially within the services […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- March 30, 2023
- No Comments
The pound has been steady today and looks to be heading for its biggest monthly gain versus the dollar since November, as an apparent abatement in concern among investors over the banking sector drove flows away from the U.S. currency. Sterling has risen by nearly 3% against the dollar in March and is hovering around […]
READ MORE
Market Data
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 29, 2023
- No Comments
UK- BOE Gov. Bailey Speech – On Monday, at the London School of Economics the Governor gave clear hints that interest rates may have to go higher in order to lower consumer prices, and this will take front seat priority for the BoE compared to the recent banking turmoil. The concerns that arose from the […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Budget, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 28, 2023
- No Comments
The Pound stagnated, following the news that food inflation had hit a 15 year high. Kantar released data on Tuesday morning which showed that UK food inflation climbed to 17.5% during March, adding an additional £837 to the average UK household’s grocery bill. Due to the cost-of-living crisis embroiling the UK, sentiment seemed to wane […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, GBP, Inflation, Sterling, UK, Uncategorised
- March 23, 2023
- No Comments
The Bank of England (BoE) has raised the UK interest rates by 0.25 basis points to 4.25% to combat double-digit inflation. This is the 11th time in a row, in less than 18 months, that the central bank has increased rates, making borrowing costs higher despite the cost-of-living crisis that has hit UK households. It […]
READ MORE
