Market Update
The pound slipped this morning, falling back from its monthly highs against the dollar and euro, after a dire global economic forecast from the International Monetary Fund diminished risk appetite […]
Market Update
The spread of the coronavirus and the extreme measures taken to control the pandemic have wrought havoc in financial markets worldwide. In currency markets, the reaction has been a headlong […]
GBP Extends Losses
GBP had a mixed day Tuesday, extending losses against the USD to hit the lowest level since September 2019 after Trump oversaw a commitment to pledge $850 billion to support […]
US Slash Rates To Near Zero
Ahead of the open of Asian markets late last night, the US Federal Reserve slashed interest rates by 100bp, taking the target range for the benchmark rate to 0-0.25%. Alongside, […]
Market Update
GBP conceded its fourth consecutive weekly loss against the EUR last week due to a combination of pessimistic Brexit Talks and increasing concerns surrounding the Coronavirus. The EUR has been […]
Market Update
The Fed cut interest rates by 50 basis points on Tuesday, its first emergency rate cut since the financial crisis and collapse of Lehman Brothers in 2008. The cut was […]
Market Update
Sterling has dipped against the U.S. Dollar and Euro, as an unexpected rate cut from the U.S. Federal Reserve fuelled expectations the Bank of England could follow suit to protect […]
Pound Continues To Fall
Sterling suffered more losses after Boris Johnson pushed The EU back stating The UK were prepared to walk away from Trade Talks in June if enough progress wasn’t made. These […]
Market Update
The Pound has retraced against the Euro proving that the rate is uncomfortable above 1.20 against the Euro and 1.30 against the USD. Due to ongoing concerns that the EU […]
Market Update
This morning’s main data release is UK CPI inflation for January. The previous month saw an unexpected fall to 1.3%, the lowest for three years, which had fuelled expectations of […]