Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, GBP, Inflation, Sterling, UK, Uncategorised
- March 23, 2023
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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 […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 22, 2023
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UK Core Inflation and Inflation Rate YoY (FEB) was forecast to drop by 0.1% (5.7%) and 0.2% (9.9%) respectively, but came in much higher at 6.2% and 10.4%, respectively. MoM inflation also rose by 0.5% to 1.1%. This will pose a big question for the BoE as a double-digit inflation may require more than the […]
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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
- March 20, 2023
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The markets have been all over the place since the closure of SVB last week, which was joined by 5 other small banks as the week went on. The latest issue on the cards is Credit Suisse who are having problems, the issue with this is that Credit Suisse is very much one of the […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, UK, Uncategorised
- March 17, 2023
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Pound Sterling continued to gain against the Euro after the ECB raised rates as expects but were not clear on the direction going forward. In the UK today the only bit of data to be released is the quarterly Bank of England/Ipsos Inflation Attitudes Survey which will provide an update on latest household inflation expectations. […]
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Market Update
- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- March 15, 2023
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The main highlight of the past few days has been the failure of the tech startup-focused SVB and the crypto focussed Signature Bank – Sweden’s largest pension fund (also known as Alecta). Both the Federal Reserve and the Biden administration have agreed to cover the loss of depositors’ funds, which amount to more than $1Billion. […]
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Market Update
- Posted by currencies in Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 14, 2023
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Workers across the UK are getting less money in their pockets at the end of every month as regular pay in real terms fell by 2.4% in November to January, according to the Office for National Statistics (ONS). The rate of UK unemployment stayed at 3.7% — the same as in the previous three-month period […]
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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
- March 10, 2023
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UK GDP grew by 0.3% month by month in January compared to December’s drop of 0.5%. It’s the service sector that carried this gain, while manufacturing dropped off for January. Yesterday’s release of continuing and initial jobless claims from the US showed an increase of people applying for unemployment benefits. This is release on […]
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Market Update
- Posted by currencies in Dollar, Economy, election, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- March 9, 2023
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The US Dollar has remained elevated this morning but further growth in the safe haven currency, following comments from Federal Reserve chairman Jerome Powell which pointed towards further interest rate hikes to tackle soaring inflation. This commentary reiterated previous comments that the Central Bank would likely need to raise rates more than expected, and possibly […]
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Market Update
- Posted by currencies in Bank of England, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- March 7, 2023
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Expectations are the pound will struggle to gain any momentum against the Euro over the coming days. Currency analysts believe the decline for the GBP/EUR is due to issues facing the economy and the Bank of England’s stance on monetary policy, both of which are unlikely to reverse anytime soon. A subdued economic outlook and […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 3, 2023
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A week filled with inflation data from nations in Europe, was summarised yesterday when we saw core inflation, excluding food and energy, data from EU. It rose to 5.6% in comparison to market expectations of 5.3%. This is evidence that an increase in energy prices has affected other areas and contributing to increased price levels […]
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