Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- February 6, 2024
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RBA (Reserve Bank of Australia) went down the same path as other central banks last week and kept rates on hold for now. No surprises here, as the majority of central banks still waiting to see when the Federal Reserve will make their next move and follow suit. On top of that Australia main export […]
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Market Update
- Posted by currencies in Brexit, coronavirus, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 25, 2024
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Pound Sterling reached a 4-month high yesterday against The Euro after a mixed bag of PMI results across manufacturing and services sector for both The UK & EU. Across the board results showed a decline in these sectors throughout Europe, whereas manufacturing and services in particular in The UK saw a surprising increase, paving the […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Prime Minister, Rate Hikes, Sterling, UK, Uncategorised
- September 25, 2023
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Sterling weakness has been the main theme of September so far, and last week we saw these moves accelerated after the Bank of England decided to keep interest rates on hold and going against market expectations. Inflation has been cooling slightly (For now), however, we are still seeing weak retail sales and weak PMI data […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, Inflation, Prime Minister, Sterling, UK, Uncategorised
- June 7, 2023
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After a great run of outperformance since February, UK economic data has generally underwhelmed since mid-May, according to analysts. Nevertheless, the strong-than-expected data since the start of the year has prompted upgrades to the economic outlook for the current year. Meanwhile, the slower-than-expected moderation in UK inflation in April has raised the odds of a […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- April 3, 2023
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Overall, the month of March was quite supportive for Sterling with GBPEUR closing the month at 1.1370 and GBPUSD closing at 1.2320. With positive GDP for the UK and a relatively stable budget, there weren’t too many surprises for Sterling sellers over the month. Generally, the month of April is usually strong for markets, and […]
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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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Market Update
- Posted by currencies in coronavirus, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 14, 2023
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UK Wages continued to climb in the UK but failed to keep pace with inflation despite the largest rise outside of the COVID pandemic. Pay, excluding bonuses, increased at an annual pace of 6.7% between October and December 2022, the Office for National Statistics (ONS) said. However, when adjusted for inflation, regular pay fell by […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- December 15, 2022
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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 […]
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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
- December 2, 2022
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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 […]
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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
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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 […]
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