Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- September 30, 2021
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USD strength has been the main theme of the week, with focus solely on preparation for The Fed Reserve to begin tapering in November. Initial concerns were raised around tapering beginning too soon with the global economic recovery slowing, as well as high inflation taking place across the board. However with The Fed set to […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- September 23, 2021
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Wednesday’s main focus for traders was The Fed Reserves Interest Rate decision, an eagerly awaited data release providing forward guidance on interest rates and monetary policy. Rate hikes globally have been a topic of conversation over the past few months with inflation over-shooting many central bank targets of 2%. The main takeaway from The Fed’s […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- September 20, 2021
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The Pound commenced last week much higher against the Euro & US Dollar due to Bank of England’s hint of an interest rate hike. However, the pound has fallen against the Euro and USD towards the close of trading on Friday last week. Inflation data for the UK superseded the Bank of England’s forecast in […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- September 16, 2021
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Yesterday morning we saw GBP edge up slightly across the major currencies with inflation hitting more than a nine year high, which led to further expectation for The Bank of England to act sooner rather than later with hiking Interest Rates. Consumer prices rose by 3.2% last month, the biggest monthly rise in over 20 […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- September 15, 2021
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The British pound rebounded this morning but was off the highs touched yesterday, after data showed British inflation hit a more than nine-year high last month, fuelling expectations the Bank of England could look to hike rates sooner than previously expected. CPI in Britain rose by 3.2% on a year-on-year basis last month, the biggest […]
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Market Update
- Posted by currencies in coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- August 9, 2021
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The pound slipped slightly in early trading against the US Dollar but was still close to its strongest versus the euro since February 2020, as investors focused on the possible pace of monetary policy tightening after the Bank of England meeting last week. In recent weeks, sterling has outperformed as COVID-19 cases have fallen and […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- October 13, 2020
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Britain’s unemployment rate rose by more than expected to 4.5% in the three months to August, its highest in more than three years, even before the end of the government’s broad coronavirus job protection plan. Economists polled had expected the jobless rate to rise more slowly, to 4.3% from 4.1% in the three months to […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, GBP, Rate Cuts, Sterling, UK, Uncategorised
- October 6, 2020
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Sterling climbed against the dollar for the first time in three weeks as investors pushed back expectations for when the Bank of England would cut interest rates below zero. Money markets pushed back bets that Britain’s interest rates would turn negative, with investors now seeing rates falling below zero in May 2021. Previously they had […]
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- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, EUR, GBP, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- October 5, 2020
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Sterling fell against the euro, although not by much, and most analysts say they now expect Britain and the European Union to meet the transition deadline and soon conclude a Brexit deal. Versus the U.S. dollar, the pound was in neutral territory. British Prime Minister Boris Johnson and the head of the EU’s executive, Ursula […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- September 29, 2020
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The British pound rose more than 1% yesterday on hopes that Britain could secure a Brexit trade deal with the European Union by October or at least avoid a cliff-edge exit from the bloc. The EU and Britain kicked off a decisive week of talks on Monday but cautioned that a deal was still some […]
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