09/09/2024 – Exchange Rates


09/09/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • September 9, 2024
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There has been a significant risk off tone in the markets over the last two weeks- where we have seen stocks sell off, and consequently, Pound Sterling as well. GBPUSD usually gets hit the most in a risk off environment, alongside EURUSD, both down around 1.5% over the past week. GBPEUR is now also in […]

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23/08/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • August 23, 2024
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JPY has been the best performing Asian currency this week and with hawkish signals from BoJ (bank of Japan) Governor Kazuo Ueda for upcoming interest rate decisions. This was consolidated this morning, during his press conference he stated that on a short-term basis interest rates are set too low. However, this was quickly offset when […]

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19/08/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • August 19, 2024
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Last week was very encouraging for Sterling bulls with GBPEUR rising above 1.17 and GBPUSD rising above 1.29. Retail sales coming in strong on Friday closed off the week perfectly for Sterling, alongside good jobs data- the retail sales data was aided by England’s performance in the Euros and better weather- generally we see strong […]

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14/08/2024

  • Posted by currencies in Rate Alerts
  • August 14, 2024
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UK Inflation has jumped back above 2% as expected, however it hasn’t climbed as much with headline numbers showing inflation at 2.2%. The dilemma facing the Bank of England over the past few weeks has been how many more rate cuts to implement, and when. But with inflation coming in lower than the projected 2.3%, […]

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13/08/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • August 13, 2024
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GBP saw a sign of relief in Tuesday’s morning session after the UK unemployment rate saw a decrease in June down to 4.2%. Even if there were signs of positive news, UK is still facing difficulties with the annual wage growth slowing down reaching 5.4% – the lowest it has been in two years. Another […]

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08/08/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • August 8, 2024
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The Australian Dollar has strengthened overnight against a number of currencies after Reserve Bank Governor Michele Bullock stated that central bank wouldn’t hesitate to hike interest rates again if inflation again becomes a problem. Earlier this week the central bank had decided to keep rates unchanged, but did provide a hawkish outlook with inflation proving […]

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07/08/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • August 7, 2024
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Despite some buoyant UK data releases yesterday, in the construction surveys and more importantly British Retail Sales last month, it has done little to help The Pound as this morning we’ve seen further losses against both EUR & USD. Sterling has now dipped below 1.27 for the first time in a month, and there seems […]

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06/08/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • August 6, 2024
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Since end of last week GBP has lost battles against its peers, noticing big losses against both the EUR and USD. Yesterday and in this morning session, we have seen continuation of concerns for the GBP against the USD. Global concerns regarding a recession in the US, have seen selloffs across markets and with the […]

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05/08/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • August 5, 2024
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Last week ended in a pretty explosive way after fewer jobs were added in the U.S than expected last month. Unemployment rose to 4.3%- essentially showing that the Fed has been behind the curve with interest rates and is clearly pretty late to the party- with the first cut expected in September, markets are now […]

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31/07/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • July 31, 2024
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BOJ (Bank of Japan) raised interest rates for its second time of 2024, first one taking place back in March. Economically it’s a very different situation to the likes of BoE and Federal Reserve. Japan’s new interest rate moved from 0.1% to 0.25%, the highest it has been in 15 years. This has led to […]

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