28/03/2022 – Exchange Rates


28/03/2022 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 28, 2022
  • No Comments

Sterling edged higher versus the euro this morning, with investors focusing on the Bank of England’s next moves to tame inflation while avoiding recession risks. The pound lost ground against a strengthening dollar as concerns about a prolonged war in Ukraine boosted demand for safe-haven assets. Bank of England Governor Andrew Bailey will give a […]

READ MORE

25/03/2022 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 25, 2022
  • No Comments

Standstill. That’s one way to explain the currency market over the past day. UK PMI data came out positive except that of manufacturing PMI. Today retail sales came in at -0.3% vs forecasts at 0.6%, as we know retail sales speaks volumes about the health of an economy, so a contraction only aligns with the […]

READ MORE

24/03/2022 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 24, 2022
  • No Comments

UK Inflation hit 6.2%, a 30 year high. The main contributors to inflation rising were a surge in prices of Fuel and food. Household Energy bills have increased by 25% by a year ago and forecasts suggest inflation is on the path to hitting 10% in the coming months. Historically GBP would usually strengthen against […]

READ MORE

23/03/2022 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 23, 2022
  • No Comments

UK CPI surged to 6.2% for Feb YoY reaching a 30 year high for the pound. As expected, CPI data reaffirmed the consensus of an overheating economy led by energy prices with 8% set as the peak of inflation expected in May and 10% forecasted to be hit around October. PPI data unsurprisingly saw another […]

READ MORE

22/03/2022 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 22, 2022
  • No Comments

Uncertainty. If there’s one word to describe the sentiment of FX and global asset markets right now that is it. As expected, President Lagarde’s speech today had no real effect on rates today stating that “we are not seeing the signs of stagflation currently”. Although that might be true for the current time period, that’s […]

READ MORE

21/03/2022 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 21, 2022
  • No Comments

A quick recap of last week. We saw the Fed raise rates to 0.5% and the Bank of England follow suit raising rates to 0.75% both events widely anticipated by markets and priced in. The tonality for both central banks however were far from similar, the fed Chair Jerome Powell was extremely hawkish on the […]

READ MORE

18/03/2022 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 18, 2022
  • No Comments

This week we have seen markets show their full strength as we saw both the Fed and the BoE hike rates by 0.25% in attempts to battle inflation in both economies. Yesterday we say the Bank of England hike rates by 25 bps with an overall official vote of 8-1, in favour of the hike […]

READ MORE

17/03/2022 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 17, 2022
  • No Comments

Yesterday evening saw the first of 2 Central Bank policy meetings with The Fed Reserve moving forward with a rate rise of 25 bps, the first rate hike taken by The Fed since 2018. With inflation currently sitting near 8%, a 40 year high, and inflationary pressures effecting prices and potential supply of commodities such […]

READ MORE

16/03/2022 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 16, 2022
  • No Comments

Anticipation is at its highest amongst Investors as we await an expected rate hike to 0.5% today from the Fed, in a lacklustre attempt to get inflation under control which is at a 40 year high. Wall Street bank Goldman Sachs see a further 7 rate hikes ahead for the Fed’s this year with expectations […]

READ MORE

14/03/2022 – Exchange Rates

  • Posted by currencies in Rate Alerts
  • March 14, 2022
  • No Comments

The British pound fell to a 16-month low against the U.S. dollar, ahead of monetary policy updates from the Bank of England and Federal Reserve later in the week. Both the BoE and Fed are seen raising their main interest rates by 25 basis points at their respective meetings taking U.S rates to 50 bps […]

READ MORE

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and Foreign Currency Exchange Services are provided by Currency Cloud Limited and Equals Connect Limited. Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. FCA registration number: 900199. Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). | Terms and Conditions | Privacy Statement | Careers