Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- May 23, 2022
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The pound rallied today, persisting at more than two-week highs against a broadly weaker dollar, as traders await key data on the UK’s manufacturing industry this week. The strength of the pound is largely down to broad dollar weakness, as investors sold the US unit on hopes that loosening lockdowns in China could help global […]
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Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- April 25, 2022
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Last week’s economic releases were fairly quiet up until Thursday when we heard from all three major central banks (the Fed, BoE & ECB) speaking all within the space of 30 minutes. Fed’s Powell confirmed a hawkish outlook for the U.S saying “it is appropriate to be moving more quickly” in relation to their monetary […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- April 22, 2022
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The British pound tumbled this morning, following data that showed slumping retail sales and record-low confidence as high inflation has cut into consumer spending. Retail sales volumes slid 1.4% from February, the Office for National Statistics said Friday. Economists polled predicted a drop of 0.2%. Sales were revised to a 0.5% drop in February, higher […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- March 25, 2022
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Standstill. That’s one way to explain the currency market over the past day. UK PMI data came out positive except that of manufacturing PMI. Today retail sales came in at -0.3% vs forecasts at 0.6%, as we know retail sales speaks volumes about the health of an economy, so a contraction only aligns with the […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- January 10, 2022
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The Pound has faced its third week, in succession, of gains against the US Dollar following the Bank of Englands decision to hike interest rates, a long awaited agreement with the European Union surrounding a fisheries deal and a surprisingly lower than forecasted non-farm payrolls in December. The US Dollar fell by over 0.5% on […]
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Market Update
- Posted by currencies in Bank of England, Budget, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- November 18, 2021
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The Pound has continued its recovery this week after positive employment data removed fears of the potential impact from the furlough scheme ending in October. The potential fall-out from furlough was cited as the main reason for The Bank of England resisting a rate hike earlier this month, and with inflation surging over 4% for […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- November 15, 2021
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The GBP was under great pressure last week leading on from the Bank of England’s decision to keep interest rates on hold the previous week. The prior weeks before the decision, Sterling had gained on strong market expectations of an interest rate hike which have now been clawed back. A bout of economic releases, for […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- September 20, 2021
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The Pound commenced last week much higher against the Euro & US Dollar due to Bank of England’s hint of an interest rate hike. However, the pound has fallen against the Euro and USD towards the close of trading on Friday last week. Inflation data for the UK superseded the Bank of England’s forecast in […]
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Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- September 15, 2021
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The British pound rebounded this morning but was off the highs touched yesterday, after data showed British inflation hit a more than nine-year high last month, fuelling expectations the Bank of England could look to hike rates sooner than previously expected. CPI in Britain rose by 3.2% on a year-on-year basis last month, the biggest […]
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Market Update
- Posted by currencies in Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- June 30, 2021
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The British pound is slightly lower this morning as investors waited to hear whether Britain and European Union will agree to extend an exemption on customs checks on chilled meat shipments to Northern Ireland. The current grace period waiving checks on British-made sausages and other chilled meats moving to Northern Ireland is due to end […]
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