05/06/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- June 5, 2023
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The dollar edged up against major peers today, as markets priced in around a 1-in-4 chance of the U.S. Federal Reserve raising benchmark rates this month after robust jobs data on Friday. The dollar index – which tracks the greenback against six peers – came off the boil last week, after some Fed officials voiced […]
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02/06/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- June 2, 2023
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The dollar headed for its largest weekly fall since mid-January as the view took hold among investors that the Federal Reserve will forgo an interest rate hike this month, which would diminish the greenback’s appeal to non-U.S. buyers. The U.S. Senate late on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the […]
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01/06/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- June 1, 2023
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GBP/EUR is still staying healthy above 1.16, the highest it’s been since December 2022. This is mainly due to German states inflation cooling more than expected over the past month. This is welcome news for The European Central Bank, but it also more or less confirms an end to their rate hike cycle. Sticking with […]
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30/05/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 30, 2023
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The last week was pretty volatile for markets- with traders now pricing in more BoE hikes this year (Expected to reach 5.5%) following inflation data showing no sign of cooling yet. Naturally, this helped push the GBPEUR rate higher into the 1.15 area- but unfortunately, this did not reflect in GBPUSD prices, much due to […]
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18/05/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 18, 2023
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The US Dollar has strengthened further overnight after a continued standoff in negotiations surrounding the debt ceiling in The States. The current debt limit is $31.4 Trillion and concerns have been raised that a recession could be looming large in The US if no agreement can be reached. There is of course some hope that […]
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17/05/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 17, 2023
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The pound slipped against a strengthening dollar on Wednesday and maintained its losses after Bank of England Governor Andrew Bailey reiterated, he expected price pressures to ease, as soon as April. Speaking at the British Chambers of Commerce Global Annual Conference, Bailey said that if price pressures were to be more persistent, further tightening of […]
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16/05/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 16, 2023
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The pound dropped a little this morning after a rise in Britain’s jobless numbers suggested fewer Bank of England rate increases could be needed in the coming months to bring down inflation, helping the broad dollar index to push back towards Monday’s five-week peak. After Britain’s unemployment rate unexpectedly rose to 3.9% in the three […]
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15/05/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 15, 2023
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The BoE delivered as expected a 25 bps hike last week with a relatively positive outlook, with a recession no longer on the cards in the UK and inflation expected to come down later this year. Unfortunately, this did not reflect well on the Pound, with GBPUSD falling to 1.24 down from 1.2680. With such […]
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12/05/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 12, 2023
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As we expected yesterday, we saw BoE hike rates by a further 25 basis point. After the decision we heard from governor Andrew Bailey, who touched on three points; BoE no longer predict a recession for the UK. This is after its biggest improvement to its growth projections. Inflation is expected to fall slower than they had […]
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11/05/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 11, 2023
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GBP continued its hot streak against both The EUR & The USD yesterday as both currency pairs hit one year highs, with GBP/EUR closing yesterday’s session just above 1.15, whilst GBP/USD had hit highs of 1.2680 earlier in the day due to their inflation figures for April coming in slightly lower than expected. Seemingly paving […]
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