Bigger than expected UK inflation drop
The pound tumbled after softer-than-expected UK inflation data emboldened investors to bet on more aggressive interest-rate cuts from the Bank of England. Sterling slid 0.6% to $1.2990, its lowest level […]
UK Unemployment Rate Improves
This morning we saw a slight improvement for UK unemployment in the last three months leading up to August. ONS (Office for National Statistics) did forecast a level of 4.1% […]
Market Update
Since end of last week GBP has lost battles against its peers, noticing big losses against both the EUR and USD. Yesterday and in this morning session, we have seen […]
Market Update
Pound Sterling has suffered more losses this morning against major currency pairs, as it now looks increasingly likely that an Interest Rate cut by the Bank of England will be […]
Market Update
Readings from the ECB bank lending survey sending mixed signals. Demand continues to fall for businesses in the Euro zone while household lending saw its first increase since 2022. A […]
Market Update
GBP’s momentum against the USD and EUR has slowdown since inflation levels for the UK were released last week. We can now see that inflation is still growing in the […]
Market Update
The major story last week was the Bank of England making it very clear that they are preparing for a rate cut in August, this caused Sterling rates to sell […]
Market Update
Core inflation numbers are released for the Euro Zone at 10am, its forecasted to attract a slight gain from 2.7% in April up to 2.9% for May. This should not […]
Market Update
The ECB (European Central Bank) lowered their borrowing costs for the first time in five years from an all time high by 25 basis points down to 4.25%. This did […]
Market Update
Yesterday The Bank of Canada became the 2nd Central Bank after The Swiss National Bank to implement their first rate cut and this came after six consecutive meetings of leaving […]