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 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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Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 1, 2023
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This week saw Pound gain strength against the Euro (0.2%) as well as the Dollar (0.76%), following the Prime Minister’s announcement of a deal with the EU to amend the original Northern Ireland Protocol. This should help resolve some of the tension caused by 2020 post-Brexit arrangements relating to Northern Irelands open border with the […]
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Market Update
- Posted by currencies in Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 23, 2023
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Yesterday’s FOMC meeting minutes from The Federal Reserve brought further strength to The USD, as we saw both GBP & EUR lose ground by 0.5%. After the last rate hike it looked like The Federal Reserve would slowly bring their rate hikes to a pause in order to fully analyse where inflation actually is. But […]
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Market Update
- Posted by currencies in coronavirus, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 14, 2023
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UK Wages continued to climb in the UK but failed to keep pace with inflation despite the largest rise outside of the COVID pandemic. Pay, excluding bonuses, increased at an annual pace of 6.7% between October and December 2022, the Office for National Statistics (ONS) said. However, when adjusted for inflation, regular pay fell by […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Sterling, UK, Uncategorised
- October 12, 2022
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Sterling slipped to a new two-week trough after Bank of England Governor Andrew Bailey reiterated that the central bank would end its emergency bond-buying program on Friday and told pension fund managers to finish rebalancing their positions within that time frame. However, the pound rebounded slightly after a report in the Financial Times said the […]
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Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- October 11, 2022
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The pound weakened for the fifth day in a row amid fresh signs of trouble in the UK government bond market that forced yet another intervention by the Bank of England. The pound currently stands at $1.10 after recovering slightly to $1.14 last week, following Kwasi Kwarteng’s U-turn on the abolition of the 45 percent […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Sterling, UK, Uncategorised
- October 6, 2022
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Fitch has downgraded the UK’s government debt rating to “negative” from “stable” following the mini-budget. The ratings agency warned that the “large and unfunded fiscal package” could lead to a significant increase in the government’s deficits over the medium term. The large and unfunded fiscal package announced as part of the new government’s growth plan […]
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