Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 12, 2023
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Tuesday was a busy day for global economic releases, below are some of the highlights and impact it had on the markets. UK- BRC Retail Sales Monitor YOY (MARCH)- Forecast: 4.2%/ Actual 4.9%Sales grew 0.7% ahead of expectation to 4.9%- largely due to Mother’s Day sales, despite the cost-of living-pressures and the wettest March in […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- April 11, 2023
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Markets have been quiet due to the extended Easter Bank Holiday weekend- but on Friday we did have U.S NFP’s release- and though the number was better than expected, the market seems to now be in agreement that the last few months of job cuts globally will now start feeding into jobs numbers and that […]
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Market Update
- Posted by currencies in Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 6, 2023
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USD has edged higher this morning with risk sentiment amongst traders softening, however the safe-haven currency still remains near 2 month lows as it looks increasingly likely that The Federal Reserve will look to pause it’s rate hike cycle. Recent economic data out of The US has pointed to a slowdown, especially within the services […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- April 3, 2023
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Overall, the month of March was quite supportive for Sterling with GBPEUR closing the month at 1.1370 and GBPUSD closing at 1.2320. With positive GDP for the UK and a relatively stable budget, there weren’t too many surprises for Sterling sellers over the month. Generally, the month of April is usually strong for markets, and […]
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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 Data
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 29, 2023
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UK- BOE Gov. Bailey Speech – On Monday, at the London School of Economics the Governor gave clear hints that interest rates may have to go higher in order to lower consumer prices, and this will take front seat priority for the BoE compared to the recent banking turmoil. The concerns that arose from the […]
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Market Update
- Posted by currencies in Bank of England, Budget, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 28, 2023
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The Pound stagnated, following the news that food inflation had hit a 15 year high. Kantar released data on Tuesday morning which showed that UK food inflation climbed to 17.5% during March, adding an additional £837 to the average UK household’s grocery bill. Due to the cost-of-living crisis embroiling the UK, sentiment seemed to wane […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Alerts, Rate Cuts, Sterling, UK, Uncategorised
- March 27, 2023
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Last week was pretty jam-packed as far as announcements were concerned with the Fed and the BoE both raising interest rates by 25bps. For both central banks, it is still unclear what the forward guidance is- but with inflation still being an issue I would still not rule out further hikes over the year. Over […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- March 24, 2023
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This morning we had the UK retail sales data released, which rose for the second consecutive month in February by 1.2%m/m, following a 0.9% rise in January (revised from 0.5%). Indeed, the outturn was stronger than expectations of 0.4%, and the market consensus of a 0.2% rise. Despite the positive start to 2023, the downward […]
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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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