Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- August 17, 2023
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Pound Sterling is still climbing against The EUR after yesterday’s positive inflation release. Inflation dropped from 7.9% down to 6.8% in the year to July, with the main contributors being a drop in prices for; Energy, Petrol & Diesel, Milk, Bread & Cheese. Keeping inflation relatively high at the moment are the price increases in […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- August 10, 2023
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The US Dollar has edged lower this morning ahead of what is a key inflation release for The US. With headline CPI forecast to pick up slightly in July to 3.3%, while the core rate which excludes volatile food and energy prices is forecast to climb 4.8% on a year-on-year basis. The next scheduled meeting […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- August 7, 2023
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Last week the main event was the BoE interest rate hike, where the Central Bank raised interest rates by 25bps- but kept the stance of more hikes COULD happen if inflation were to go higher again, and that rates will stay high for at least a couple of years before any cuts are considered. Sterling […]
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- Posted by currencies in Bank of England, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- August 3, 2023
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GBP/USD is battling to stay above 1.27 after losing ground against USD due to strong payroll Data which exceeded growth expectations in July, which has now raised expectations for the Non-Farm Payrolls data set to be released tomorrow. After The Federal Reserve raised interest rates by 25 basis points last month, Jerome Powell stated that […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- July 17, 2023
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The British Pound will on Wednesday encounter another key economic release in the form of CPI inflation for June which will determine whether the Bank of England will deliver a second consecutive 50 basis point interest rate increase in August. The Pound has rallied through 2023 as UK inflation has proven more resilient than expected […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling
- July 4, 2023
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Sterling steadied as traders wait for service sector data due on Wednesday and ponder whether any positive impact from expected higher interest rates on the British currency has run its course. Amid fears that more expected rate hikes by the Bank of England (BoE) could slow the British economy further, traders are awaiting PMI service […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- June 23, 2023
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With Bank of England raising rates yesterday by 50 basis points, we saw flash movements on the market first by a spike against both the USD and EUR. It later settled in and around the area where rates were held before its meeting. Normally a rate hike is good for its currency, so how come […]
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- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Retail Sales, Sterling, UK, Uncategorised
- June 21, 2023
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UK Core Inflation figures were forecasted to remain unchanged at 6.8% but came out 0.3% higher. MoM inflation also released 0.3% higher to previous levels. Despite inflation consecutively falling over the last quarter from 10.4% in February, 10.1% in March, 8.7% in April (lowest since March 2022), this is the second month in a […]
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- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- June 8, 2023
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The US Dollar has remained near it’s recent two-month high with next week’s Federal Reserve interest rate decision looming. The Central Bank is widely expected to pause its year-long interest rate hiking cycle, but expectations are increasing on the possibility that this pause will be temporary, with a potential rate hike in July still on […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- June 5, 2023
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The dollar edged up against major peers today, as markets priced in around a 1-in-4 chance of the U.S. Federal Reserve raising benchmark rates this month after robust jobs data on Friday. The dollar index – which tracks the greenback against six peers – came off the boil last week, after some Fed officials voiced […]
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