22/01/2024 – Exchange Rates


22/01/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 22, 2024
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After a fairly positive week for Sterling, December’s Retail Sales put a halt to this run with poor figures recorded last month. This evidently came as a shock to the markets, but can be pinpointed to the fact that many shoppers took advantage of the late November sales as opposed to usually upping their spending […]

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19/01/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 19, 2024
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On Thursday we heard from Christine Lagarde in Davos, given us an small indication that ECB could start to cut rates in the Summer but she was stern on the topic of overconfidence in the market could halt their inflation policy and its vital to continue being data-driven. European inflation grew for its first time […]

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18/01/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 18, 2024
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Stronger than expected U.S Retail Sales in December has helped to keep the US Dollar elevated near a 5-week high against the major currency pairs, with Interest Rate cut expectations dropping with The Federal Reserve seemingly in no exact rush to lower their rates. Markets have now trimmed the odds of a first rate cut […]

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17/01/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 17, 2024
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Pound Sterling has risen across the board this morning after UK inflation figures for December increased more than initial expectations. This has now led to markets lowering their expectations for immediate Bank of England interest rate cuts, which of course bodes well for The Pound if as suggested The Federal Reserve and European Central Bank […]

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16/01/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 16, 2024
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German GDP figures for 2023 was released yesterday and showed a decrease of economic output for 2023 by -0.3%. Showing that the German economy is struggling with higher interest rates. With that in mind, this morning we had German inflation for December recording a level of 3.7% from 3.2% in November. Challenges ahead now is […]

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15/01/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 15, 2024
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Sterling exchange rates closed on Friday net positive for the week after GDP numbers showed that the UK economy rebounded in November- however, the part that perhaps wasn’t reported as much is that over the quarter the economy contracted by 0.2%. Overall this is following the trend that the UK economy is not growing at […]

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12/01/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 12, 2024
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US inflation came in stronger than what was forecasted for December, seeing the inflation rate increase to 3.4% versus 3.1% in November. Even if core inflation dropped from 4% to 3.9%, it was expected to reach a level of 3.8%. This has created more market uncertainty of when the Federal Reserve will start to cut […]

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08/01/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 8, 2024
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Heading into a new week, there is important economic releases to keep an eye out for. Monday is fairly ‘soft’ when it comes to data releases, so looking ahead what’s expected and when? Later on this afternoon we’re hearing from the Federal Reserve member Bostic, after last weeks market movement from FOMC and non-farm payroll. […]

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02/01/2024 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • January 2, 2024
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Pound Sterling starts 2024 in the mid-1.15’s against the EUR and mid-1.27’s against the USD, with the main focus this month centered around inflation releases for Europe, United States & The United Kingdom. The markets have prior to Christmas, been fully pricing in Interest Rate cuts for at some point between March & May. Any […]

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29/12/2023 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • December 29, 2023
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Last time I’m writing to you this year and what a year it has been, I hope you agree on a positive note! Even if this 3-day week has been light when it comes to the economic calendar, we have seen market movements in particular involving the USD. Through December we have had market momentum […]

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