Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- December 15, 2022
- No Comments
UK inflation for November surprisingly dropped lower than expected, coming in at 10.7% from a 40 year high of over 11%, mainly due to a fall in fuel prices which were up 17.2% year on year in November which was a drop from the 22.2% increase we saw year on year in October. Inflation however […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- December 2, 2022
- No Comments
The pound climbed to its highest level against the dollar since June as the US greenback weakened on expectations of an interest rate hike slowdown. The British currency touched $1.23, having bounced back from its record low of around $1.03 two months ago after the chaos of Kwasi Kwarteng’s mini-budget. The move higher will help […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- October 11, 2022
- No Comments
The pound weakened for the fifth day in a row amid fresh signs of trouble in the UK government bond market that forced yet another intervention by the Bank of England. The pound currently stands at $1.10 after recovering slightly to $1.14 last week, following Kwasi Kwarteng’s U-turn on the abolition of the 45 percent […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Sterling, UK, Uncategorised
- October 6, 2022
- No Comments
Fitch has downgraded the UK’s government debt rating to “negative” from “stable” following the mini-budget. The ratings agency warned that the “large and unfunded fiscal package” could lead to a significant increase in the government’s deficits over the medium term. The large and unfunded fiscal package announced as part of the new government’s growth plan […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- October 5, 2022
- No Comments
The pound slipped against the dollar as traders weigh up the UK government’s U-turns and awaits a speech from prime minister Liz Truss. Sterling had initially jumped against the US greenback in early trade, hitting its highest level in three weeks. However, it soon gave up those gains. The more robust pound, compared its fragile […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, Budget, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- October 4, 2022
- No Comments
Global stocks rallied for a second day, after Britain’s decision to ditch part of a controversial tax-cut plan and slightly paler expectations for aggressive central bank action returned some confidence to investors. UK Finance Minister Kwasi Kwarteng on Monday announced the government would back down on reversing a tax break for top earners that formed […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- September 29, 2022
- No Comments
Sterling and the euro fell on today and the U.S. dollar clawed back a recent dip as relief at the Bank of England’s intervention in bond markets faded. The British currency jumped the most since mid-June on Wednesday after the BoE announced an emergency bond-buying plan to shore up a gilt market that had been […]
READ MORE
Market Update
- Posted by currencies in Bank of England, coronavirus, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Sterling, UK, Uncategorised
- September 9, 2022
- No Comments
The pound managed to make up some ground against the dollar this morning, recovering from the 37-year low it hit earlier in the week. Despite the slight recovery since then, experts are still pointing to the fact that the pound may fall further as Liz Truss seeks to increase government borrowing to fund a new […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- September 7, 2022
- No Comments
Sterling slipped against a rampaging dollar this morning, lingering near 2-1/2-year lows. Sterling had reached as high as $1.1609 a day earlier as media reports offered new details about how incoming Prime Minister Liz Truss is planning to tackle Britain’s growing energy crisis, before losing steam. The dollar hit a 24-year high versus the Japanese […]
READ MORE
Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- August 18, 2022
- No Comments
Inflation in The UK has again reached new highs, climbing to 10.1% in July mainly contributed by an increase in prices for food and fuel. Expectations for inflation hitting double figures have come much earlier than the initial time-frame of October, and is also the first time since February 1982 that inflation has been in […]
READ MORE
