17/04/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- April 17, 2024
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This morning has seen some much needed relief provided for GBP against it’s major currency peers, USD & EUR in particular with GBP climbing around 0.5% against both currencies after March’s Inflation figures were released. Inflation was expected to drop down to 3.1%, however it’s proved fairly dogged this morning and dropped slower than expected […]
READ MORE16/04/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- April 16, 2024
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GBP/ USD hit a 5-month low in this morning session. USD continue to outperform its peers after recent retail sales shows ongoing strength in the American economy. No halt on spending from consumers and households even after inflation levels at the end of last week did not reduce as planned has led to USD remaining […]
READ MORE15/04/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- April 15, 2024
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Last week was pretty busy on the macroeconomic front with Fed minutes, the ECB confirming a rate cut from June and plenty of economic data- however, this was all over shadowed by the escalating Middle East conflict with Iran launching a drone attack on Israel. The reality of such events is that it throws the […]
READ MORE11/04/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- April 11, 2024
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Stronger than anticipated inflation has buoyed expectations that The Federal Reserve will hold off from any imminent rate cuts and prolong their higher-for-longer mantra. As a result, we have seen The Dollar hit a 5 month high, threatening to dip towards 1.25 last night. March’s inflation came out at 3.5%, proving again that inflation was […]
READ MORE10/04/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- April 10, 2024
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The US Dollar has steadied this morning, as anticipation builds towards the key inflation release for The U.S this afternoon. It’s expected that inflation will have remained an issue for The Federal Reserve in March, with figures suggesting inflation will have crept back up towards 3.4%-3.5%. A release which would give The Federal Reserve less […]
READ MORE09/04/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- April 9, 2024
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Expectations for the Federal Reserve’s next rate cut has changed drastically in the last few months. Beginning in the end of 2023, we could see USD weakness as market expectations were that the Federal Reserve would be the first out of major central banks to lower their borrowing costs. We have since then seen a […]
READ MORE04/04/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- April 4, 2024
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The Dollar has hit a one-week low earlier this morning as recent economic data releases have ramped up expectations for quicker than expected Interest Rate cuts in The US. An unexpected slowdown in US Services growth has also contributed to the Dollar falling. It was stated yesterday by Fed Chairman Jerome Powell however, that the […]
READ MORE02/04/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- April 2, 2024
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US Dollar strength in the last 24 hours has seen both GBP/USD & EUR/USD lose ground from last week, with both currency pairings losing close to 1%. GBP/USD had dropped to its lowest level since February with US manufacturing expanding for the first time since September 2022. Reports out of The US are also suggesting […]
READ MORE27/03/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 27, 2024
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This morning we’ve seen a basket of Euro data released from France, Spain and The Euro-Zone. Although preliminary Spanish Inflation data for March suggests a slight rise in prices, Consumer confidence across the bloc improved throughout March with possibilities of an interest rate cut on the horizon. Sticking with Europe, we have some pretty weighted […]
READ MORE26/03/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 26, 2024
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If we look into the economic calendar for today, there is nothing coming out for the UK. Consumer confidence from Germany was rolled out this morning and is almost unchanged from last month. While on the topic, we do have consumer confidence from the US in the afternoon too. Highlights for this week will be […]
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