Market Update
- Posted by currencies in Sterling, UK, Uncategorised
- July 26, 2024
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Yesterday witnessed GBP poorest daily performance against the EUR since back in April. Recent earning reports across the globe, including UK entities – has shown a slow down in performance and markets are more prominent that Bank of England will be forced to lower their interest rates at their meeting next week. With a potential […]
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- Posted by currencies in Sterling, UK, Uncategorised
- July 25, 2024
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Yesterday we saw the Bank of Canada cut their interest rates by 25 basis points for a second consecutive month, bringing their policy rate down to 4.50% in line with expectations. The central bank also revised down its growth forecast for 2024 due to a decrease in consumption for motor vehicles and foreign travel, as […]
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- Posted by currencies in Sterling, UK, Uncategorised
- July 24, 2024
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The Euro has started this morning on the backfoot against it’s major currency pairs, as The Eurozone’s Consumer Confidence for July narrowly beat expectations to rise from -14.0 to -13.0. This was the highest reading since February 2022, however with it still being in negative territory there is still some way to go to move […]
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- Posted by currencies in Sterling, UK, Uncategorised
- July 19, 2024
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ECB held rates at bay yesterday which did contribute to a slight EUR gain until their press conference. In the press conference we could hear from President Christine Lagarde that a rate cut in September is currently ‘wide-open’ and markets reaction was that we will see the second movement from the European central bank to […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Prime Minister, Rate Alerts, Rate Cuts, Sterling, UK, Uncategorised
- July 16, 2024
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Readings from the ECB bank lending survey sending mixed signals. Demand continues to fall for businesses in the Euro zone while household lending saw its first increase since 2022. A combination of improving housing markets, consumer confidence and increasing spending on durable goods is the was the main factors for a stronger demand. Cause the […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, GBP, Rate Cuts, Sterling, UK, Uncategorised
- June 25, 2024
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GBP’s momentum against the USD and EUR has slowdown since inflation levels for the UK were released last week. We can now see that inflation is still growing in the service sector rather than on goods, meaning that inflation is forced more ‘domestically’, in other words on households. Policy makers mention that this type of […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- June 24, 2024
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The major story last week was the Bank of England making it very clear that they are preparing for a rate cut in August, this caused Sterling rates to sell off a little on Thursday, the losses were then pared on Friday following positive retail sales out of the UK- which has levelled rates off […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- June 18, 2024
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Core inflation numbers are released for the Euro Zone at 10am, its forecasted to attract a slight gain from 2.7% in April up to 2.9% for May. This should not have too much impact on markets as ECB decided to lower their interest rates the other week – stating that inflation levels are on a […]
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- Posted by currencies in Bank of England, Dollar, EUR, GBP, Rate Cuts, Sterling, UK, Uncategorised
- June 7, 2024
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The ECB (European Central Bank) lowered their borrowing costs for the first time in five years from an all time high by 25 basis points down to 4.25%. This did not come as a shock to markets as it was an expected next step from the European Central Bank. Seeing small gains for the EUR […]
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- Posted by currencies in Bank of England, Currency, Dollar, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- June 6, 2024
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Yesterday The Bank of Canada became the 2nd Central Bank after The Swiss National Bank to implement their first rate cut and this came after six consecutive meetings of leaving rates on hold. Their rates have been reduced by 25 basis points, down from the highs of 5% to 4.75%. Justifying the reasons for their […]
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