Market Update
- Posted by currencies in Bank of England, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- March 7, 2023
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Expectations are the pound will struggle to gain any momentum against the Euro over the coming days. Currency analysts believe the decline for the GBP/EUR is due to issues facing the economy and the Bank of England’s stance on monetary policy, both of which are unlikely to reverse anytime soon. A subdued economic outlook and […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 3, 2023
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A week filled with inflation data from nations in Europe, was summarised yesterday when we saw core inflation, excluding food and energy, data from EU. It rose to 5.6% in comparison to market expectations of 5.3%. This is evidence that an increase in energy prices has affected other areas and contributing to increased price levels […]
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- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 1, 2023
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This week saw Pound gain strength against the Euro (0.2%) as well as the Dollar (0.76%), following the Prime Minister’s announcement of a deal with the EU to amend the original Northern Ireland Protocol. This should help resolve some of the tension caused by 2020 post-Brexit arrangements relating to Northern Irelands open border with the […]
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- Posted by currencies in Bremain, coronavirus, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 27, 2023
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To recap on Friday, we saw a reduction in the initial jobless claims for the US following that the job market in the US remains strong. The dollar’s strength could continue in the near-term as US economic data support the case for the Federal Reserve to raise interest rates further, Investors now price in three […]
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- Posted by currencies in Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- February 24, 2023
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A reduction in weekly jobless and initial claims for the US confirming a continuing strong job market. If look back to the start of the month, non-farm payroll, that pictured an extremely healthy report on the job market and while retail sales been strong too and business activity rebounding to an eight-month high for February. […]
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- Posted by currencies in Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 23, 2023
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Yesterday’s FOMC meeting minutes from The Federal Reserve brought further strength to The USD, as we saw both GBP & EUR lose ground by 0.5%. After the last rate hike it looked like The Federal Reserve would slowly bring their rate hikes to a pause in order to fully analyse where inflation actually is. But […]
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- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 22, 2023
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Sterling rose above 1.21 against The USD & rose closer to 1.14 against The EUR after surprisingly better than expected PMI figures for The UK. Strong economical growth within the services sector in February along with lower than expected public sector borrowing were the main drivers behind the climb in GBP. The next week is […]
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- Posted by currencies in Bank of England, Budget, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- February 20, 2023
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To recap on Friday, we had four FED speeches, simply just talking about economic outlook of what’s yet to come they basically mentioned they are going to be more hawkish and there’s a need for further rate hikes which will further boost the dollar. The dollar hit a six-week high against many currencies as it […]
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- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 17, 2023
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Yesterday we saw US PPI (producer price inflation) reach 0.7%, its highest level in 7 months. We also had four speeches from Federal Reserve members commeting on the economic outlook for the US. Main topic was the view on inflation, unemployment and economic output. In recent weeks there has been speculations about a Fed policy pivot […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 16, 2023
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The USD dipped slightly this morning, giving up some of its gains from yesterday but is still keeping GBP struggling to break the 1.21 area and the EUR just about hanging on to 1.07. U.S Retail Sales rebounded sharply in January after two straight months of declining figures, rising 3% on the month when compared […]
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