Market Update
- Posted by currencies in Bank of England, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 16, 2024
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GBP/ USD hit a 5-month low in this morning session. USD continue to outperform its peers after recent retail sales shows ongoing strength in the American economy. No halt on spending from consumers and households even after inflation levels at the end of last week did not reduce as planned has led to USD remaining […]
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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
- April 15, 2024
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Last week was pretty busy on the macroeconomic front with Fed minutes, the ECB confirming a rate cut from June and plenty of economic data- however, this was all over shadowed by the escalating Middle East conflict with Iran launching a drone attack on Israel. The reality of such events is that it throws the […]
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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
- April 11, 2024
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Stronger than anticipated inflation has buoyed expectations that The Federal Reserve will hold off from any imminent rate cuts and prolong their higher-for-longer mantra. As a result, we have seen The Dollar hit a 5 month high, threatening to dip towards 1.25 last night. March’s inflation came out at 3.5%, proving again that inflation was […]
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Market Update
- Posted by currencies in Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Uncategorised
- April 10, 2024
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The US Dollar has steadied this morning, as anticipation builds towards the key inflation release for The U.S this afternoon. It’s expected that inflation will have remained an issue for The Federal Reserve in March, with figures suggesting inflation will have crept back up towards 3.4%-3.5%. A release which would give The Federal Reserve less […]
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Market Update
- Posted by currencies in Bank of England, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- April 9, 2024
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Expectations for the Federal Reserve’s next rate cut has changed drastically in the last few months. Beginning in the end of 2023, we could see USD weakness as market expectations were that the Federal Reserve would be the first out of major central banks to lower their borrowing costs. We have since then seen a […]
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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
- April 2, 2024
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US Dollar strength in the last 24 hours has seen both GBP/USD & EUR/USD lose ground from last week, with both currency pairings losing close to 1%. GBP/USD had dropped to its lowest level since February with US manufacturing expanding for the first time since September 2022. Reports out of The US are also suggesting […]
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Market Update
- Posted by currencies in Bank of England, Bremain, coronavirus, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- March 27, 2024
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This morning we’ve seen a basket of Euro data released from France, Spain and The Euro-Zone. Although preliminary Spanish Inflation data for March suggests a slight rise in prices, Consumer confidence across the bloc improved throughout March with possibilities of an interest rate cut on the horizon. Sticking with Europe, we have some pretty weighted […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- March 26, 2024
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If we look into the economic calendar for today, there is nothing coming out for the UK. Consumer confidence from Germany was rolled out this morning and is almost unchanged from last month. While on the topic, we do have consumer confidence from the US in the afternoon too. Highlights for this week will be […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- March 25, 2024
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UK Retail Sales showed promising signs for The UK economy, with figures coming in better than initially anticipated, albeit flatlining last month against expectations of a decline in sales. Any further optimism towards The UK’s economic health may well come in the form of our GDP numbers on Thursday, which will outline whether the recent […]
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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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