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06/06/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- June 6, 2024
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Yesterday The Bank of Canada became the 2nd Central Bank after The Swiss National Bank to implement their first rate cut and this came after six consecutive meetings of leaving rates on hold. Their rates have been reduced by 25 basis points, down from the highs of 5% to 4.75%. Justifying the reasons for their […]
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03/06/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- June 3, 2024
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Pound Sterling exchange rates have had a very good month in May, considering news of a UK election coming in July, the volatility has very much been swayed in favour of Sterling, which has given us a positive start to June. June will be an interesting month with plenty of data releases to keep us […]
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31/05/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 31, 2024
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Eurozone Consumer Confidence edged slightly higher for May’s reading yesterday, from -14.7 to -14.3. It was in line with expectations but more importantly reflected the smallest extent of pessimism by consumers since the start of Russia’s invasion in February 2022. This has been partly driven by inflation finally slowing, as well as growing expectations of […]
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30/05/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 30, 2024
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Sterling has recently held on steady against the EUR and as no economic data releases today that should have an impact on the GBP/EUR rate, eyes are now on tomorrow’s core inflation and inflation levels being released in Europe. Recent trajectories suggest that inflation levels will increase for May. From an economic standpoint this scenario […]
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29/05/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 29, 2024
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U.S Consumer Confidence figures yesterday showed an unexpected improvement in May after what had been a worryingly painful three months prior, with optimism surrounding the labour market falling, as well as worries around inflation growing. The unexpected confidence saw the USD gain slightly against Sterling yesterday, as the survey also showed that consumers were very […]
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28/05/2024 – Exchange Rates
- Posted by currencies in Rate Alerts
- May 28, 2024
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Last week was quite eventful for Stering exchange rates with a higher than expected inflation print causing GBPEUR to spike to 1.1770 and GBPUSD to 1.2770- the data overall was seen as positive as it was low enough for the Government to take a victory lap, but now low enough to jolt the BoE into […]
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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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