Market Update
- 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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