25/03/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 25, 2024
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UK Retail Sales showed promising signs for The UK economy, with figures coming in better than initially anticipated, albeit flatlining last month against expectations of a decline in sales. Any further optimism towards The UK’s economic health may well come in the form of our GDP numbers on Thursday, which will outline whether the recent […]
READ MORE19/03/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 19, 2024
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Recent market speculation is that Bank of England shows signals of a potential rate cut happening in the late summer. While macro economists and strategists are predicting a bluntly different scenario, seeing long positions on GBP strengthen – which if markets place into its hands will boost the GBP in the long run. Even if […]
READ MORE11/03/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 11, 2024
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In a surprising turn of events, the UK economy shrank by 0.3% in October, causing the value of the British pound to decrease. Economists had predicted a steady or slight growth of 0.1% for the month. This decline in the economy reflects the growing pressures on households and businesses because of the rising cost of […]
READ MORE07/03/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 7, 2024
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The US Dollar has started today on the backfoot as potential Interest Rate Cuts by the Federal Reserve draw ever closer, whilst the Euro has also slipped off this morning as we eagerly await the rate decision by the European Central Bank later this morning. Federal Reserve Chairman Jerome Powell stated on Wednesday that rate […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Dollar, EUR, Fed, GBP, Inflation, Rate Alerts, Sterling, UK, Uncategorised
- March 7, 2024
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The US Dollar has started today on the backfoot as potential Interest Rate Cuts by the Federal Reserve draw ever closer, whilst the Euro has also slipped off this morning as we eagerly await the rate decision by the European Central Bank later this morning. Federal Reserve Chairman Jerome Powell stated on Wednesday that rate […]
READ MORE06/03/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 6, 2024
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All eyes are set to be focused on today’s Spring Budget, released at 12:30pm. The budget is expected to be the last major fiscal event before the next general election, with rumours now ramping up for a May General Election. The rumour mill over the past 48 hours has seen hints seemingly point towards further […]
READ MORE01/03/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- March 1, 2024
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Do we start to see a transition when it comes to buyers confidence when it comes to the UK housing market? Well mortgage approvals are increasing and it’s a natural effect after mortgage rates do start to come down. With interest rates cuts coming closer for every day, even if we don’t have a date […]
READ MORE27/02/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- February 27, 2024
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First two days of this week have not included much data, even if we have seen some volatility on the markets its mainly from reactions from earnings reports last week. We can see that liquidity is filling stock markets across the world that has been the general factor for minor movements on currency pairs. If […]
READ MORE20/02/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- February 20, 2024
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Last week delivered a blow to the Pound following GDP figures which showed the UK entered a recession last quarter- This wasn’t really news to us however now it has been made official we saw an effect to the exchange rates- both GBPEUR and GBPUSD fell after enjoying a month and a half of gains. […]
READ MORE15/02/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- February 15, 2024
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The Pound has continued its current slide against both the US Dollar and Euro, falling to fresh lows after it was confirmed earlier this morning that The UK fell into during the second half of 2023. GBP/EUR has now dipped below 1.17 just minutes after this release, with figures showing that the UK economy actually […]
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