02/12/2022 – Exchange Rates
The pound climbed to its highest level against the dollar since June as the US greenback weakened on expectations of an interest rate hike slowdown. The British currency touched $1.23, […]
Market Update
USD continues to fall against it’s major currency pairs after Federal Reserve Chairman Jerome Powell stated a slowdown of rate increases may come as soon as their next meeting on […]
29/11/2022 – Exchange Rates
Sterling gained against the dollar this morning as the safe-haven greenback fell against most currencies as market sentiment improved on hopes that China would ease its strict COVID-19 curbs. The […]
Exchange Rates – 03/11/2022
The USD surged by over 2% against both EUR & GBP after The Federal Reserve raised interest rates by a further 75 basis points last night, the fourth such rate […]
13/10/2022 – Exchange Rates
GBP continues to be vulnerable as we head to The Bank of England’s Friday deadline when they are due to bring their emergency support for bonds to an end. BoE […]
12/10/2022 – Exchange Rates
Sterling slipped to a new two-week trough after Bank of England Governor Andrew Bailey reiterated that the central bank would end its emergency bond-buying program on Friday and told pension […]
11/10/2022 – Exchange Rates
The pound weakened for the fifth day in a row amid fresh signs of trouble in the UK government bond market that forced yet another intervention by the Bank of […]
06/10/2022 – Exchange Rates
Fitch has downgraded the UK’s government debt rating to “negative” from “stable” following the mini-budget. The ratings agency warned that the “large and unfunded fiscal package” could lead to a […]
05/10/2022 – Exchange Rates
The pound slipped against the dollar as traders weigh up the UK government’s U-turns and awaits a speech from prime minister Liz Truss. Sterling had initially jumped against the US […]
04/10/2022 – Exchange Rates
Global stocks rallied for a second day, after Britain’s decision to ditch part of a controversial tax-cut plan and slightly paler expectations for aggressive central bank action returned some confidence […]