Market Update
- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 11, 2024
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In a surprising turn of events, the UK economy shrank by 0.3% in October, causing the value of the British pound to decrease. Economists had predicted a steady or slight growth of 0.1% for the month. This decline in the economy reflects the growing pressures on households and businesses because of the rising cost of […]
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- Posted by currencies in Bank of England, Dollar, EUR, Fed, GBP, Inflation, Rate Alerts, Sterling, UK, Uncategorised
- March 7, 2024
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The US Dollar has started today on the backfoot as potential Interest Rate Cuts by the Federal Reserve draw ever closer, whilst the Euro has also slipped off this morning as we eagerly await the rate decision by the European Central Bank later this morning. Federal Reserve Chairman Jerome Powell stated on Wednesday that rate […]
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- Posted by currencies in Bank of England, Currency, GBP, Inflation, Sterling, UK, Uncategorised
- March 1, 2024
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Do we start to see a transition when it comes to buyers confidence when it comes to the UK housing market? Well mortgage approvals are increasing and it’s a natural effect after mortgage rates do start to come down. With interest rates cuts coming closer for every day, even if we don’t have a date […]
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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
- February 27, 2024
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First two days of this week have not included much data, even if we have seen some volatility on the markets its mainly from reactions from earnings reports last week. We can see that liquidity is filling stock markets across the world that has been the general factor for minor movements on currency pairs. If […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 20, 2024
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Last week delivered a blow to the Pound following GDP figures which showed the UK entered a recession last quarter- This wasn’t really news to us however now it has been made official we saw an effect to the exchange rates- both GBPEUR and GBPUSD fell after enjoying a month and a half of gains. […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 12, 2024
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Pound Sterling has continued to be supported through last week and now faces a heavy week of economic data, which will no doubt play on the minds of The Bank of England regarding future Interest Rate moves. Up first, we have UK Employment Data, particularly the unemployment rate which forecasts currently suggest will have risen […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 5, 2024
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Last week was generally quite stable for Sterling following the Bank of England decision where rates were held with no real immediate concern for any cuts coming soon- the big news though was the NFP report on Friday which showed that the U.S had added 353k jobs in January, which was almost double expectation. This […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- January 29, 2024
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Its a busy week ahead in terms of data and central bank meetings. US and the Federal Reserve hold their meeting on Wednesday. The latest announcements is that members have stopped saying that they need to keep rates higher for longer. Wednesday could be an indication of a more clear view of when a first […]
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- Posted by currencies in GBP, Sterling, UK, Uncategorised
- January 26, 2024
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For its fifth consecutive week sterling gains against the EUR – reaching a high of 1.1730. This is the highest level GBP/EUR has reached since back in September 2023. The latest development to this movement is from yesterday’s European Central Bank meeting. There was no surprises on the decision to leave interest levels untouched at […]
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- Posted by currencies in Brexit, coronavirus, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 25, 2024
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Pound Sterling reached a 4-month high yesterday against The Euro after a mixed bag of PMI results across manufacturing and services sector for both The UK & EU. Across the board results showed a decline in these sectors throughout Europe, whereas manufacturing and services in particular in The UK saw a surprising increase, paving the […]
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