04/10/2023 – Market Update
- Posted by currencies in Rate Alerts
- October 4, 2023
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The pound rose against the dollar for the first time in almost a week, in line with a retreat in the U.S. currency, and after a survey showed UK business activity was less subdued than initially feared in September. The final reading of S&P Global UK Services Purchasing Managers’ Index (PMI) fell in September to […]
READ MORE03/10/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- October 3, 2023
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The British pound suffered its worst month against the U.S. dollar for a year in September, and strategists show little optimism for the rest of the year, as growth expectations weaken once again. Sterling fell 3.75% against the dollar through the month, logging a decline not seen since the end of last summer. The pound […]
READ MORE02/10/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- October 2, 2023
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The month ended with GBPEUR at 1.1530 and GBPUSD at 1.22- over all the month of September was not very supportive for the Sterling and we saw a lot of weakness to end the quarter- although we have also seen a weaker Euro alongside a weaker Pound, it seems traders have found more value shorting […]
READ MORE28/09/2023 – Exchange Rates
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- September 28, 2023
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GBP/USD continued its struggle around the 1.21 area after yesterday’s strong performance from The Dollar. This was mainly due to 10 year Bond’s in The US touching 4.5% for the first time since 2007 and therefore bringing even more support to The USD. Early this morning Australia’s Retail Sales figures for August were released, with […]
READ MORE27/09/2023
- Posted by currencies in Rate Alerts
- September 27, 2023
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The main talking point across the currency market is that of the Dollar gaining significant strength against both Sterling and Euro. 10yr Treasury bond yields in the US rose by more than 10 basis points and above 4.5% for the first time since 2007. Investors are pricing in that interest rates will remain higher for […]
READ MORE25/09/2023 – Exchange Rates
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- September 25, 2023
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Sterling weakness has been the main theme of September so far, and last week we saw these moves accelerated after the Bank of England decided to keep interest rates on hold and going against market expectations. Inflation has been cooling slightly (For now), however, we are still seeing weak retail sales and weak PMI data […]
READ MORE21/09/2023 – Exchange Rates
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- September 21, 2023
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The dollar hit a 6-1/2 month high after the U.S. Federal Reserve signalled policy would remain restrictive for longer, even after holding rates steady, while the Swiss franc dropped after the Swiss National Bank kept rates unchanged. The pound sank to its lowest since April before the Bank of England announces policy later in the […]
READ MORE20/09/2023 – Exchange Rates
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- September 20, 2023
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UK Core Inflation YoY (Aug) was expected to drop by 0.1% to 6.8% but released cooler than expected at 6.2%. This eases some of the pressure for the BOE on Thursday ahead of its interest rate decision, with a 25 basis points hike on the agenda. Inflation Rate also came in lower than forecast at […]
READ MORE19/09/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- September 20, 2023
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The euro got a lift this morning from a report that indicated the European Central Bank may soon start discussing how to drain some of the excess liquidity in the banking system, whilst also the latest inflation data shows annual inflation has come in lower than expected at 5.2% for August, down from 5.3% in […]
READ MORE18/09/2023 – Exchange Rates
- Posted by currencies in Rate Alerts
- September 18, 2023
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The ECB surprised markets last week by raising interest rates by 25bps to record highs instead of keeping them on hold as initially expected- the bank now will pause on rate hikes for now and keep an eye on data- it seems the ECB believes that growth will be slow in the Eurozone but inflation […]
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