Market Update
- Posted by currencies in Bank of England, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- September 9, 2024
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There has been a significant risk off tone in the markets over the last two weeks- where we have seen stocks sell off, and consequently, Pound Sterling as well. GBPUSD usually gets hit the most in a risk off environment, alongside EURUSD, both down around 1.5% over the past week. GBPEUR is now also in […]
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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
- July 29, 2024
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Pound Sterling has suffered more losses this morning against major currency pairs, as it now looks increasingly likely that an Interest Rate cut by the Bank of England will be implemented on Thursday. Bringing the policy rate down from 5.25% to 5%. Moving closer to this decision I wouldn’t expect too much volatility on the […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Rate Alerts, Rate Cuts, Sterling, UK, Uncategorised
- July 16, 2024
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Readings from the ECB bank lending survey sending mixed signals. Demand continues to fall for businesses in the Euro zone while household lending saw its first increase since 2022. A combination of improving housing markets, consumer confidence and increasing spending on durable goods is the was the main factors for a stronger demand. Cause the […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, GBP, Rate Cuts, Sterling, UK, Uncategorised
- June 25, 2024
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GBP’s momentum against the USD and EUR has slowdown since inflation levels for the UK were released last week. We can now see that inflation is still growing in the service sector rather than on goods, meaning that inflation is forced more ‘domestically’, in other words on households. Policy makers mention that this type of […]
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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
- June 24, 2024
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The major story last week was the Bank of England making it very clear that they are preparing for a rate cut in August, this caused Sterling rates to sell off a little on Thursday, the losses were then pared on Friday following positive retail sales out of the UK- which has levelled rates off […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- June 18, 2024
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Core inflation numbers are released for the Euro Zone at 10am, its forecasted to attract a slight gain from 2.7% in April up to 2.9% for May. This should not have too much impact on markets as ECB decided to lower their interest rates the other week – stating that inflation levels are on a […]
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Market Update
- Posted by currencies in Bank of England, Dollar, EUR, GBP, Rate Cuts, Sterling, UK, Uncategorised
- June 7, 2024
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The ECB (European Central Bank) lowered their borrowing costs for the first time in five years from an all time high by 25 basis points down to 4.25%. This did not come as a shock to markets as it was an expected next step from the European Central Bank. Seeing small gains for the EUR […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- June 6, 2024
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Yesterday The Bank of Canada became the 2nd Central Bank after The Swiss National Bank to implement their first rate cut and this came after six consecutive meetings of leaving rates on hold. Their rates have been reduced by 25 basis points, down from the highs of 5% to 4.75%. Justifying the reasons for their […]
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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
- June 3, 2024
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Pound Sterling exchange rates have had a very good month in May, considering news of a UK election coming in July, the volatility has very much been swayed in favour of Sterling, which has given us a positive start to June. June will be an interesting month with plenty of data releases to keep us […]
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Market Update
- Posted by currencies in EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 31, 2024
- No Comments
Eurozone Consumer Confidence edged slightly higher for May’s reading yesterday, from -14.7 to -14.3. It was in line with expectations but more importantly reflected the smallest extent of pessimism by consumers since the start of Russia’s invasion in February 2022. This has been partly driven by inflation finally slowing, as well as growing expectations of […]
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