Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- January 18, 2024
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Stronger than expected U.S Retail Sales in December has helped to keep the US Dollar elevated near a 5-week high against the major currency pairs, with Interest Rate cut expectations dropping with The Federal Reserve seemingly in no exact rush to lower their rates. Markets have now trimmed the odds of a first rate cut […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 17, 2024
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Pound Sterling has risen across the board this morning after UK inflation figures for December increased more than initial expectations. This has now led to markets lowering their expectations for immediate Bank of England interest rate cuts, which of course bodes well for The Pound if as suggested The Federal Reserve and European Central Bank […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 16, 2024
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German GDP figures for 2023 was released yesterday and showed a decrease of economic output for 2023 by -0.3%. Showing that the German economy is struggling with higher interest rates. With that in mind, this morning we had German inflation for December recording a level of 3.7% from 3.2% in November. Challenges ahead now is […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- January 15, 2024
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Sterling exchange rates closed on Friday net positive for the week after GDP numbers showed that the UK economy rebounded in November- however, the part that perhaps wasn’t reported as much is that over the quarter the economy contracted by 0.2%. Overall this is following the trend that the UK economy is not growing at […]
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- 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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