20/05/2024 – Exchange Rates


20/05/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 20, 2024
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Last week was constructive for Sterling exchange rates with GBPEUR ending the week at 1.1685, and GBPUSD ending the week at 1.27. EURUSD was also bullish last week closing on Friday at 1.0870. As we enter a new week, there are different data releases to focus on which could shift the mood as far as […]

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17/05/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 17, 2024
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Earlier in the week we did see both core inflation and inflation levels decrease in April for the US. While retail sales showed a slowdown too, this lead to USD weakness. Market speculated that a chance of US lower their borrowing costs in September increased. The recent USD weakness came to a halt last night […]

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16/05/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 16, 2024
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Quieter times are expected for The US Dollar over the next few weeks after recent economic releases initially showed mixed signals with their economy. Yesterday’s April Inflation release showed a slight drop as expected, as Inflation excluding food and energy increased by a mere 0.3% against a 0.4% projection. Interestingly this marked the first slowdown […]

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15/05/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 15, 2024
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Recent market focus has centered around European Inflation figures with Germany’s April Inflation figures released yesterday. Inflation in general rose slightly more than anticipated off the back of strong food and energy prices, initially denting investors hopes on an Interest Rate cut next month. Consumer prices increased by 0.1% in April compared to the same […]

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14/05/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 14, 2024
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This morning we have seen German inflation levels cooled down for its first time in 2024, being unchanged from March to April at 2.2%. After 3 consecutive months of drop in inflation for the European country, it has now flatlined. Inflation is not the issue for Germany and other European countries, what has been and […]

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13/05/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 13, 2024
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The last week was pretty volatile for Sterling exchange rates, with the Pound falling prior and following the BoE decision. The simple update is that 2 members voted for a cut which meant that traders have now started to price in the first BoE cut for June- this essentially weakened off the Pound through Thursday- […]

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Market Update

The last week was pretty volatile for Sterling exchange rates, with the Pound falling prior and following the BoE decision. The simple update is that 2 members voted for a cut which meant that traders have now started to price in the first BoE cut for June- this essentially weakened off the Pound through Thursday- […]

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08/05/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 8, 2024
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This morning has seen GBP continue to lose further ground against both The Euro & US Dollar in particular as we lead up to The Bank of England’s rate decision tomorrow. Current feelings within the market are pretty much in line with rates being unchanged, however what we anticipate might move the markets is whether […]

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02/05/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 2, 2024
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May’s Federal Reserve Interest Rate meeting took place last night, and for a change it was pretty much a non-event in the markets. The Central Bank has again kept Interest Rates on hold at their current levels of 5.5%, this has shown a complete U-turn by officials after initially stating in January that rate cuts […]

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29/04/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • April 29, 2024
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Sterling exchange rates are in a strange position currently, on one hand, they are outperforming against the Euro, and on the other, severely underperforming against the U.S. dollar, which has strengthened by 3% since March. On Friday, GBPEUR closed at 1.1680, a solid level which gives enough of a case for Pound to Euro exchange […]

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