Market Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 8, 2024
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Heading into a new week, there is important economic releases to keep an eye out for. Monday is fairly ‘soft’ when it comes to data releases, so looking ahead what’s expected and when? Later on this afternoon we’re hearing from the Federal Reserve member Bostic, after last weeks market movement from FOMC and non-farm payroll. […]
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- Posted by currencies in Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 2, 2024
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Pound Sterling starts 2024 in the mid-1.15’s against the EUR and mid-1.27’s against the USD, with the main focus this month centered around inflation releases for Europe, United States & The United Kingdom. The markets have prior to Christmas, been fully pricing in Interest Rate cuts for at some point between March & May. Any […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- December 29, 2023
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Last time we are writing to you this year and what a year it has been, I hope you agree on a positive note! Even if this 3-day week has been light when it comes to the economic calendar, we have seen market movements in particular involving the USD. Through December we have had market […]
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- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- December 20, 2023
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Sterling had a tough start to Wednesday’s session and lost ground against both the EUR and USD. After readings were released for core inflation and inflation rate in November. Expectations were that it would come down slightly from its figures in October, 5.7% (core inflation) and 4.6% (inflation rate). In reality we saw figures coming […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- December 19, 2023
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GBP has softened over the past 24 hours against major currency peers, seeing GBP/USD drop below 1.27 and GBP/EUR fight to stay at the 1.16 level. UK inflation is due out tomorrow morning, with expectations suggesting a minor drop in figures from 4.6% to 4.4% for November. It’s thought a softer inflation reading could lead […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- December 18, 2023
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Last week Bank Of England and European Central Bank held their interest rate meetings. Even if the outcome was the same, leaving it unchanged. We could see different approaches going forward. BoE members were undecided on rates, and 3 out of 9 members did want the base rate to increase up to 5.5%. Hawkish outlook, […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, UK, Uncategorised
- December 15, 2023
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Yesterday morning markets reacted to the Federal Reserve’s more aggressive than anticipated tone on cutting rates in 2024. The USD lost ground to the majority of other currency pairs. There was more to come throughout the day with both Bank of England and the European Central Bank giving their outlook on the future. First out was […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- December 14, 2023
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The US Dollar is now at a 4-month low against its major peers after The Federal Reserve finally signalled the path towards Interest Rate cuts next year. Federal Reserve Chair Jerome Powell failed to push back against rate cut expectations, saying the discussion if cuts in borrowing costs is coming into view. Markets are now […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- December 5, 2023
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Sterling hovered around its highest levels in almost three months against the euro today, as markets raised their bets on rate cuts by the European Central Bank, which widened their divergence with the Bank of England. Higher interest rates attract investors’ demand and boost the value of a currency. Money markets fully price in more […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- November 27, 2023
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Last week’s data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, which means that the UK economy is no longer contracting- we may not see massive growth over the next year, however, a stagnating economy is […]
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