Market Update


Market Update

Sterling exchange rates closed on Friday net positive for the week after GDP numbers showed that the UK economy rebounded in November- however, the part that perhaps wasn’t reported as much is that over the quarter the economy contracted by 0.2%. Overall this is following the trend that the UK economy is not growing at […]

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Market Update

Heading into a new week, there is important economic releases to keep an eye out for. Monday is fairly ‘soft’ when it comes to data releases, so looking ahead what’s expected and when? Later on this afternoon we’re hearing from the Federal Reserve member Bostic, after last weeks market movement from FOMC and non-farm payroll. […]

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Market Update

Pound Sterling starts 2024 in the mid-1.15’s against the EUR and mid-1.27’s against the USD, with the main focus this month centered around inflation releases for Europe, United States & The United Kingdom. The markets have prior to Christmas, been fully pricing in Interest Rate cuts for at some point between March & May. Any […]

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Market Update

Sterling had a tough start to Wednesday’s session and lost ground against both the EUR and USD. After readings were released for core inflation and inflation rate in November. Expectations were that it would come down slightly from its figures in October, 5.7% (core inflation) and 4.6% (inflation rate). In reality we saw figures coming […]

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Market Update

GBP has softened over the past 24 hours against major currency peers, seeing GBP/USD drop below 1.27 and GBP/EUR fight to stay at the 1.16 level. UK inflation is due out tomorrow morning, with expectations suggesting a minor drop in figures from 4.6% to 4.4% for November. It’s thought a softer inflation reading could lead […]

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Market Update

Last week Bank Of England and European Central Bank held their interest rate meetings. Even if the outcome was the same, leaving it unchanged. We could see different approaches going forward. BoE members were undecided on rates, and 3 out of 9 members did want the base rate to increase up to 5.5%. Hawkish outlook, […]

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Market Update

Yesterday morning markets reacted to the Federal Reserve’s more aggressive than anticipated tone on cutting rates in 2024. The USD lost ground to the majority of other currency pairs. There was more to come throughout the day with both Bank of England and the European Central Bank giving their outlook on the future. First out was […]

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Market Update

The US Dollar is now at a 4-month low against its major peers after The Federal Reserve finally signalled the path towards Interest Rate cuts next year. Federal Reserve Chair Jerome Powell failed to push back against rate cut expectations, saying the discussion if cuts in borrowing costs is coming into view. Markets are now […]

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