Market Update
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- August 10, 2023
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The US Dollar has edged lower this morning ahead of what is a key inflation release for The US. With headline CPI forecast to pick up slightly in July to 3.3%, while the core rate which excludes volatile food and energy prices is forecast to climb 4.8% on a year-on-year basis. The next scheduled meeting […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- August 7, 2023
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Last week the main event was the BoE interest rate hike, where the Central Bank raised interest rates by 25bps- but kept the stance of more hikes COULD happen if inflation were to go higher again, and that rates will stay high for at least a couple of years before any cuts are considered. Sterling […]
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- Posted by currencies in Bank of England, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- August 3, 2023
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GBP/USD is battling to stay above 1.27 after losing ground against USD due to strong payroll Data which exceeded growth expectations in July, which has now raised expectations for the Non-Farm Payrolls data set to be released tomorrow. After The Federal Reserve raised interest rates by 25 basis points last month, Jerome Powell stated that […]
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- Posted by currencies in Uncategorised
- August 2, 2023
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Currencies 4 You provides tailormade solutions for thousands of corporate and private clients every year, with an overall aim to protect clients from volatile fluctuations in the currency markets. We find out more about the fast-growing firm from the Founder, Suraj Gokani, as it celebrates a win being named Fastest Growing Foreign Exchange Specialists – […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, election, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- August 2, 2023
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The Bank of England is likely to raise interest rates by 0.25% to 5.25% when the monetary policy committee meets on Thursday. If the MPC goes ahead with the rate rise, which is widely expected by markets and forecast by analysts, this will be the 14th consecutive increase and record high since the 2007/08 financial crisis. […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Hikes, Sterling, UK, Uncategorised
- July 27, 2023
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The dollar extended losses today, a day after the Federal Reserve delivered what some expect to be its last rate hike, while the market’s focus shifted across the Atlantic to the European Central Bank’s impending rate announcement. The Fed on Wednesday raised interest rates by a quarter of a percentage point, as expected, marking its […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- July 18, 2023
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Cable might drop through 1.3000 if UK June CPI comes in softer than the 8.2% YY consensus forecast on Wednesday or ascend beyond 1.3150 if it is higher than expected for a fifth consecutive month. A cooler than forecast UK CPI print would reduce the probability of a second consecutive 50 basis point rate rise […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- July 17, 2023
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The British Pound will on Wednesday encounter another key economic release in the form of CPI inflation for June which will determine whether the Bank of England will deliver a second consecutive 50 basis point interest rate increase in August. The Pound has rallied through 2023 as UK inflation has proven more resilient than expected […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, Fed, GBP, Inflation, Rate Hikes, Sterling, UK, Uncategorised
- July 13, 2023
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The pound rose for the sixth session running to a new 15-month high after data showed the British economy shrank by less than expected in May. Figures showed the economy contracted 0.1% in May, after growth of 0.2% the previous month. Economists expected a contraction of 0.3%. The UK — as well as most of […]
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- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Rate Hikes, Sterling, UK, Uncategorised
- June 23, 2023
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With Bank of England raising rates yesterday by 50 basis points, we saw flash movements on the market first by a spike against both the USD and EUR. It later settled in and around the area where rates were held before its meeting. Normally a rate hike is good for its currency, so how come […]
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