04/07/2023 – Exchange Rates
Sterling steadied as traders wait for service sector data due on Wednesday and ponder whether any positive impact from expected higher interest rates on the British currency has run its […]
23/06/2023 – Exchange Rates
With Bank of England raising rates yesterday by 50 basis points, we saw flash movements on the market first by a spike against both the USD and EUR. It later […]
22/06/2023 – Exchange Rates
Sterling has continued to lose ground against both EUR & USD following on from yesterday’s report showing that The UK’s net debt has now surpassed 100% of GDP levels. Sterling […]
21/06/2023 – Exchange Rates
UK Core Inflation figures were forecasted to remain unchanged at 6.8% but came out 0.3% higher. MoM inflation also released 0.3% higher to previous levels. Despite inflation consecutively falling […]
08/06/2023 – Exchange Rates
The US Dollar has remained near it’s recent two-month high with next week’s Federal Reserve interest rate decision looming. The Central Bank is widely expected to pause its year-long interest […]
07/06/2023 – Exchange Rates
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 […]
05/06/2023 – Exchange Rates
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 […]
02/06/2023 – Exchange Rates
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 […]
01/06/2023 – Exchange Rates
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. […]
30/05/2023 – Exchange Rates
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 […]