Market Update


Market Update

UK Retail Sales showed promising signs for The UK economy, with figures coming in better than initially anticipated, albeit flatlining last month against expectations of a decline in sales. Any further optimism towards The UK’s economic health may well come in the form of our GDP numbers on Thursday, which will outline whether the recent […]

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Market Update

Recent market speculation is that Bank of England shows signals of a potential rate cut happening in the late summer. While macro economists and strategists are predicting a bluntly different scenario, seeing long positions on GBP strengthen – which if markets place into its hands will boost the GBP in the long run. Even if […]

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Market Update

In a surprising turn of events, the UK economy shrank by 0.3% in October, causing the value of the British pound to decrease. Economists had predicted a steady or slight growth of 0.1% for the month. This decline in the economy reflects the growing pressures on households and businesses because of the rising cost of […]

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Market Update

The US Dollar has started today on the backfoot as potential Interest Rate Cuts by the Federal Reserve draw ever closer, whilst the Euro has also slipped off this morning as we eagerly await the rate decision by the European Central Bank later this morning. Federal Reserve Chairman Jerome Powell stated on Wednesday that rate […]

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Market Update

Do we start to see a transition when it comes to buyers confidence when it comes to the UK housing market? Well mortgage approvals are increasing and it’s a natural effect after mortgage rates do start to come down. With interest rates cuts coming closer for every day, even if we don’t have a date […]

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Market Update

First two days of this week have not included much data, even if we have seen some volatility on the markets its mainly from reactions from earnings reports last week. We can see that liquidity is filling stock markets across the world that has been the general factor for minor movements on currency pairs. If […]

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Market Update

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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Market Update

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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What's Going On?

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