Traders to bet on a stronger dollar
- Posted by Robert Appleton in Currency, Dollar, GBP, Inflation, Uncategorised
- April 4, 2022
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Non-farm payroll fuelled traders to bet on a stronger dollar after the BLS reported another month of solid job creation in March. Although the print came in at 431k vs 490k expected, unemployment in the U.S is back to pre-pandemic levels at 3.6% adding to speculation that the Fed might move forward with more aggressive […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- March 31, 2022
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To start the morning off Q4 GDP YoY for the UK came in at 6.6% vs expectations of 6.5% boosting the pound against both the euro and dollar. Newfound optimism on the Russia-Ukraine ceasefire and peace talks quickly came to a halt after Russia indicated no material progress had been made. U.S equities shaved off […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- March 29, 2022
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In the last 24 hours, we saw sterling steal the show weakening heavily against the euro and dollar by almost 1%. As for the reason, Gov Bailey from the Bank of England held a speech that further re-affirmed the same message of UK economic weakness received at the last policy meeting. A dovish central bank […]
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Market Update
- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- March 28, 2022
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Sterling edged higher versus the euro this morning, with investors focusing on the Bank of England’s next moves to tame inflation while avoiding recession risks. The pound lost ground against a strengthening dollar as concerns about a prolonged war in Ukraine boosted demand for safe-haven assets. Bank of England Governor Andrew Bailey will give a […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- March 25, 2022
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Standstill. That’s one way to explain the currency market over the past day. UK PMI data came out positive except that of manufacturing PMI. Today retail sales came in at -0.3% vs forecasts at 0.6%, as we know retail sales speaks volumes about the health of an economy, so a contraction only aligns with the […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Budget, coronavirus, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 24, 2022
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UK Inflation hit 6.2%, a 30 year high. The main contributors to inflation rising were a surge in prices of Fuel and food. Household Energy bills have increased by 25% by a year ago and forecasts suggest inflation is on the path to hitting 10% in the coming months. Historically GBP would usually strengthen against […]
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Market Update
- Posted by currencies in Bank of England, Budget, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- March 23, 2022
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UK CPI surged to 6.2% for Feb YoY reaching a 30 year high for the pound. As expected, CPI data reaffirmed the consensus of an overheating economy led by energy prices with 8% set as the peak of inflation expected in May and 10% forecasted to be hit around October. PPI data unsurprisingly saw another […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 22, 2022
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Uncertainty. If there’s one word to describe the sentiment of FX and global asset markets right now that is it. As expected, President Lagarde’s speech today had no real effect on rates today stating that “we are not seeing the signs of stagflation currently”. Although that might be true for the current time period, that’s […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 21, 2022
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A quick recap of last week. We saw the Fed raise rates to 0.5% and the Bank of England follow suit raising rates to 0.75% both events widely anticipated by markets and priced in. The tonality for both central banks however were far from similar, the fed Chair Jerome Powell was extremely hawkish on the […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- March 18, 2022
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This week we have seen markets show their full strength as we saw both the Fed and the BoE hike rates by 0.25% in attempts to battle inflation in both economies. Yesterday we say the Bank of England hike rates by 25 bps with an overall official vote of 8-1, in favour of the hike […]
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