Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 17, 2023
- No Comments
The pound slipped against a strengthening dollar on Wednesday and maintained its losses after Bank of England Governor Andrew Bailey reiterated, he expected price pressures to ease, as soon as April. Speaking at the British Chambers of Commerce Global Annual Conference, Bailey said that if price pressures were to be more persistent, further tightening of […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 16, 2023
- No Comments
The pound dropped a little this morning after a rise in Britain’s jobless numbers suggested fewer Bank of England rate increases could be needed in the coming months to bring down inflation, helping the broad dollar index to push back towards Monday’s five-week peak. After Britain’s unemployment rate unexpectedly rose to 3.9% in the three […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 15, 2023
- No Comments
The BoE delivered as expected a 25 bps hike last week with a relatively positive outlook, with a recession no longer on the cards in the UK and inflation expected to come down later this year. Unfortunately, this did not reflect well on the Pound, with GBPUSD falling to 1.24 down from 1.2680. With such […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 11, 2023
- No Comments
GBP continued its hot streak against both The EUR & The USD yesterday as both currency pairs hit one year highs, with GBP/EUR closing yesterday’s session just above 1.15, whilst GBP/USD had hit highs of 1.2680 earlier in the day due to their inflation figures for April coming in slightly lower than expected. Seemingly paving […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 10, 2023
- No Comments
Sterling could rise as the Bank of England is likely to raise interest rates by 25 basis points to 4.5% as expected on Thursday and potentially signal further rate increases. Activity and inflation data have both surprised on the upside in the past few weeks opening the door for hawkishness in the BOE’s forecasts and […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 9, 2023
- No Comments
Last week was pretty eventful with both the ECB and the Fed confirming 25 bps rises as expected, the key takeaways is that the Fed will probably pause for now and the ECB plans to continue. Following the Fed meeting we saw Western Alliance’s bank shares drop pretty steeply overnight, reigniting concerns in the U.S […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- May 4, 2023
- No Comments
The USD lost further ground against major currency pairs overnight after The Federal Reserve raised their Interest Rates by a further 25 basis points, but crucially stated that they no longer anticipate further rate increases will be needed to bring inflation under control. Comments that this should mark the end of this hiking cycle led […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, David Cameron, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- May 3, 2023
- No Comments
The pound gained versus the dollar and held steady against the euro this morning ahead of an expected U.S. Federal Reserve rate hike later in the day and Thursday’s European Central Bank meeting. The Bank of England’s Monetary Policy Committee meets next week. The dollar traded lower against most major currencies as a combination of […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Alerts, Sterling, UK, Uncategorised
- May 2, 2023
- No Comments
With just a 4 day week ahead of us in the UK before the King’s Coronation, we have a relatively volatile week on the cards with Central Banks as the key focus- which could present some great opportunities for those buying and selling Sterling. First of all, on Tuesday morning we have the RBA interest […]
READ MOREMarket Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- April 21, 2023
- No Comments
This morning we see the retail sales figures released for the UK. Expectations were that it would continue to drop off, especially after seeing inflation levels stay above the 10% mark earlier in the week. U.K. retail sales dropped 0.9% during March, more than expected, as high inflation curtails household spending, having a negative impact […]
READ MORE