Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Hikes, Retail Sales, Sterling, UK, Uncategorised
- September 13, 2023
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Sterling slipped this morning and is on track for its biggest daily drop in a week as UK economy contracted by 0.5% in July, a worse than expected 0.2% contraction in gross domestic product. While many factors could have influenced this downturn, its been highlighted that a significant portion of this decrease can be pinned […]
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Market Update
- 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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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- April 21, 2023
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This morning we see the retail sales figures released for the UK. Expectations were that it would continue to drop off, especially after seeing inflation levels stay above the 10% mark earlier in the week. U.K. retail sales dropped 0.9% during March, more than expected, as high inflation curtails household spending, having a negative impact […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- April 17, 2023
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After a disappointing retail sales release from the U.S on Friday, we saw the markets very quickly jump into positions on the Dollar- GBPUSD fell from 1.25 down to 1.24, EURUSD from 1.10 down to 1.09, and GBPEUR from 1.1370 down to 1.1280. So why did the Dollar strengthen after weak U.S data? The answer […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- April 11, 2023
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Markets have been quiet due to the extended Easter Bank Holiday weekend- but on Friday we did have U.S NFP’s release- and though the number was better than expected, the market seems to now be in agreement that the last few months of job cuts globally will now start feeding into jobs numbers and that […]
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Market Update
- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- March 24, 2023
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This morning we had the UK retail sales data released, which rose for the second consecutive month in February by 1.2%m/m, following a 0.9% rise in January (revised from 0.5%). Indeed, the outturn was stronger than expectations of 0.4%, and the market consensus of a 0.2% rise. Despite the positive start to 2023, the downward […]
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Market Update
- Posted by currencies in Bank of England, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- March 7, 2023
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Expectations are the pound will struggle to gain any momentum against the Euro over the coming days. Currency analysts believe the decline for the GBP/EUR is due to issues facing the economy and the Bank of England’s stance on monetary policy, both of which are unlikely to reverse anytime soon. A subdued economic outlook and […]
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Market Update
- Posted by currencies in coronavirus, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 14, 2023
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UK Wages continued to climb in the UK but failed to keep pace with inflation despite the largest rise outside of the COVID pandemic. Pay, excluding bonuses, increased at an annual pace of 6.7% between October and December 2022, the Office for National Statistics (ONS) said. However, when adjusted for inflation, regular pay fell by […]
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Market Update
- Posted by currencies in Bank of England, coronavirus, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- August 18, 2022
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Inflation in The UK has again reached new highs, climbing to 10.1% in July mainly contributed by an increase in prices for food and fuel. Expectations for inflation hitting double figures have come much earlier than the initial time-frame of October, and is also the first time since February 1982 that inflation has been in […]
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Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- June 23, 2022
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UK Inflation is continuing to rise at unprecedented levels, reaching 9.1% in May. Fuel and energy prices have been the biggest drivers of inflation, which has brought inflation to it’s highest point since 1982. This has led to more calls for The Bank of England to not only continue rate hikes, but to also implement […]
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