Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- September 21, 2023
- No Comments
The dollar hit a 6-1/2 month high after the U.S. Federal Reserve signalled policy would remain restrictive for longer, even after holding rates steady, while the Swiss franc dropped after the Swiss National Bank kept rates unchanged. The pound sank to its lowest since April before the Bank of England announces policy later in the […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- September 20, 2023
- No Comments
UK Core Inflation YoY (Aug) was expected to drop by 0.1% to 6.8% but released cooler than expected at 6.2%. This eases some of the pressure for the BOE on Thursday ahead of its interest rate decision, with a 25 basis points hike on the agenda. Inflation Rate also came in lower than forecast at […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- September 20, 2023
- No Comments
The euro got a lift this morning from a report that indicated the European Central Bank may soon start discussing how to drain some of the excess liquidity in the banking system, whilst also the latest inflation data shows annual inflation has come in lower than expected at 5.2% for August, down from 5.3% in […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Dollar, EUR, GBP, UK, Uncategorised
- September 18, 2023
- No Comments
The ECB surprised markets last week by raising interest rates by 25bps to record highs instead of keeping them on hold as initially expected- the bank now will pause on rate hikes for now and keep an eye on data- it seems the ECB believes that growth will be slow in the Eurozone but inflation […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- September 15, 2023
- No Comments
The pound rose against the dollar today as the greenback slipped and as traders looked ahead to the Bank of England’s interest rate decision next week. Sterling has been one of the best performing currencies this year, up 2.8% against the dollar since the start of January. But it has fallen since mid-July as the […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- September 14, 2023
- No Comments
Pound Sterling continued it’s downward trend against The USD, struggling to get back to the 1.25 levels, after poorer than expected economic growth figures in The UK. The economy contracted by 0.5% in July, more than the anticipated 0.2% growth. The main contributors seem to be the strike action taken up by healthcare workers and […]
READ MORE
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
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Hikes, Sterling, UK, Uncategorised
- September 5, 2023
- No Comments
The Pound suffered this morning, trading narrowly lower against the USD as an upbeat market mood was offset by UK recession woes. The Pound gained slightly on Monday despite a lack of major economic data. After last week’s major selloff, Sterling recouped some of its losses to open the week. An improving market mood, due […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- September 4, 2023
- No Comments
As the first full week of the month fets into full swing- we have a pretty quiet Monday with it being Labor day in the U.S- the only key release will be a speech from ECB President Lagarde, markets are quite torn on whether the ECB will raise rates again so this speech may provide […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- August 31, 2023
- No Comments
Inflation is the main talking point today with Euro-Zone inflation due out at 10am this morning. Yesterday Germany released their August Inflation figures, with a slight decline from 6.2% in July to 6.1% last month. Coupled with Price Growth in Spain hitting a 3 month high, markets are now increasing the possibility of The European […]
READ MORE
