19/12/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- December 19, 2023
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GBP has softened over the past 24 hours against major currency peers, seeing GBP/USD drop below 1.27 and GBP/EUR fight to stay at the 1.16 level. UK inflation is due out tomorrow morning, with expectations suggesting a minor drop in figures from 4.6% to 4.4% for November. It’s thought a softer inflation reading could lead […]
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18/12/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- December 18, 2023
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Last week Bank Of England and European Central Bank held their interest rate meetings. Even if the outcome was the same, leaving it unchanged. We could see different approaches going forward. BoE members were undecided on rates, and 3 out of 9 members did want the base rate to increase up to 5.5%. Hawkish outlook, […]
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15/12/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- December 15, 2023
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Yesterday morning markets reacted to the Federal Reserve’s more aggressive than anticipated tone on cutting rates in 2024. The USD lost ground to the majority of other currency pairs. There was more to come throughout the day with both Bank of England and the European Central Bank giving their outlook on the future. First out was […]
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14/12/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- December 14, 2023
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The US Dollar is now at a 4-month low against its major peers after The Federal Reserve finally signalled the path towards Interest Rate cuts next year. Federal Reserve Chair Jerome Powell failed to push back against rate cut expectations, saying the discussion if cuts in borrowing costs is coming into view. Markets are now […]
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13/12/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- December 13, 2023
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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 […]
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05/12/2023 – Exchange Rates
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- December 5, 2023
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Sterling hovered around its highest levels in almost three months against the euro today, as markets raised their bets on rate cuts by the European Central Bank, which widened their divergence with the Bank of England. Higher interest rates attract investors’ demand and boost the value of a currency. Money markets fully price in more […]
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04/12/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- December 5, 2023
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The last few weeks have been very supportive for Sterling- mainly due to the weakness in the Dollar and the risk on sentiment in the market currently- The FTSE has been on the rise, along with the S&P500 and NASDAQ. Usually, when the stock markets are more risk on, we see Sterling gain as well- […]
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27/11/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- November 27, 2023
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Last week’s data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, which means that the UK economy is no longer contracting- we may not see massive growth over the next year, however, a stagnating economy is […]
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20/11/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- November 20, 2023
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Last week was generally pretty supportive for Sterling exchange rates from a data perspective- however on Friday this all changed very quickly as retail sales numbers came out as low as they were last in the pandemic. These spending numbers have pretty much confirmed that the BoE are finished with their hiking cycle, as clearly […]
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16/11/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- November 16, 2023
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Yesterday morning saw UK Inflation drop comfortably below 5% for the first time in 2 years. The lower energy price cap imposed on households at the start of October was a main contributor towards this figure. Food Bill prices also eased last month, dropping to their lowest levels since June last year at 10.1%. Focus […]
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