Market Update
- Posted by currencies in Sterling, UK, Uncategorised
- February 15, 2024
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The Pound has continued its current slide against both the US Dollar and Euro, falling to fresh lows after it was confirmed earlier this morning that The UK fell into during the second half of 2023. GBP/EUR has now dipped below 1.17 just minutes after this release, with figures showing that the UK economy actually […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 12, 2024
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Pound Sterling has continued to be supported through last week and now faces a heavy week of economic data, which will no doubt play on the minds of The Bank of England regarding future Interest Rate moves. Up first, we have UK Employment Data, particularly the unemployment rate which forecasts currently suggest will have risen […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- February 6, 2024
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RBA (Reserve Bank of Australia) went down the same path as other central banks last week and kept rates on hold for now. No surprises here, as the majority of central banks still waiting to see when the Federal Reserve will make their next move and follow suit. On top of that Australia main export […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 5, 2024
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Last week was generally quite stable for Sterling following the Bank of England decision where rates were held with no real immediate concern for any cuts coming soon- the big news though was the NFP report on Friday which showed that the U.S had added 353k jobs in January, which was almost double expectation. This […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- January 29, 2024
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Its a busy week ahead in terms of data and central bank meetings. US and the Federal Reserve hold their meeting on Wednesday. The latest announcements is that members have stopped saying that they need to keep rates higher for longer. Wednesday could be an indication of a more clear view of when a first […]
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- Posted by currencies in GBP, Sterling, UK, Uncategorised
- January 26, 2024
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For its fifth consecutive week sterling gains against the EUR – reaching a high of 1.1730. This is the highest level GBP/EUR has reached since back in September 2023. The latest development to this movement is from yesterday’s European Central Bank meeting. There was no surprises on the decision to leave interest levels untouched at […]
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- Posted by currencies in Brexit, coronavirus, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 25, 2024
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Pound Sterling reached a 4-month high yesterday against The Euro after a mixed bag of PMI results across manufacturing and services sector for both The UK & EU. Across the board results showed a decline in these sectors throughout Europe, whereas manufacturing and services in particular in The UK saw a surprising increase, paving the […]
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- Posted by currencies in Sterling, UK, Uncategorised
- January 24, 2024
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It’s relatively quiet day on the economic front today, but we have started with a basket of PMI Surveys for France, Germany & The Euro-Zone. The consensus across the board seems to suggest a decline in performance through the Manufacturing and Services sector, which right now may not be a major concern, but certainly as […]
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- Posted by currencies in Sterling, UK, Uncategorised
- January 23, 2024
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Starting off this week, Monday did not have much to contribute in terms of economic data. Instead we could read reports of concerns from colleagues within the European Central Bank of Christine Lagarde’s leadership. Seeing the voting of confidence being below her pre assessor’s Mario Draghi and Jean-Claude Trichet – leading to EUR losses against […]
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- Posted by currencies in Bank of England, Budget, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- January 22, 2024
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After a fairly positive week for Sterling, December’s Retail Sales put a halt to this run with poor figures recorded last month. This evidently came as a shock to the markets, but can be pinpointed to the fact that many shoppers took advantage of the late November sales as opposed to usually upping their spending […]
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