Market Update
- Posted by currencies in Bank of England, Currency, Dollar, election, EUR, Fed, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- March 6, 2024
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All eyes are set to be focused on today’s Spring Budget, released at 12:30pm. The budget is expected to be the last major fiscal event before the next general election, with rumours now ramping up for a May General Election. The rumour mill over the past 48 hours has seen hints seemingly point towards further […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- February 6, 2024
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RBA (Reserve Bank of Australia) went down the same path as other central banks last week and kept rates on hold for now. No surprises here, as the majority of central banks still waiting to see when the Federal Reserve will make their next move and follow suit. On top of that Australia main export […]
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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
- 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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Market Update
- 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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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- August 2, 2023
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The Bank of England is likely to raise interest rates by 0.25% to 5.25% when the monetary policy committee meets on Thursday. If the MPC goes ahead with the rate rise, which is widely expected by markets and forecast by analysts, this will be the 14th consecutive increase and record high since the 2007/08 financial crisis. […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Retail Sales, Sterling, UK, Uncategorised
- June 21, 2023
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UK Core Inflation figures were forecasted to remain unchanged at 6.8% but came out 0.3% higher. MoM inflation also released 0.3% higher to previous levels. Despite inflation consecutively falling over the last quarter from 10.4% in February, 10.1% in March, 8.7% in April (lowest since March 2022), this is the second month in a […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- March 30, 2023
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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 […]
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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 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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