21/09/2023 – Exchange Rates
- September 21, 2023
The dollar hit a 6-1/2 month high after the U.S. Federal Reserve signalled policy would remain restrictive for longer, even after holding rates steady, while the Swiss franc dropped after the Swiss National Bank kept rates unchanged. The pound sank to its lowest since April before the Bank of England announces policy later in the […]
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Market Update
- September 21, 2023
The dollar hit a 6-1/2 month high after the U.S. Federal Reserve signalled policy would remain restrictive for longer, even after holding rates steady, while the Swiss franc dropped after the Swiss National Bank kept rates unchanged. The pound sank to its lowest since April before the Bank of England announces policy later in the […]
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20/09/2023 – Exchange Rates
- September 20, 2023
UK Core Inflation YoY (Aug) was expected to drop by 0.1% to 6.8% but released cooler than expected at 6.2%. This eases some of the pressure for the BOE on Thursday ahead of its interest rate decision, with a 25 basis points hike on the agenda. Inflation Rate also came in lower than forecast at […]
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Market Update
- September 20, 2023
UK Core Inflation YoY (Aug) was expected to drop by 0.1% to 6.8% but released cooler than expected at 6.2%. This eases some of the pressure for the BOE on Thursday ahead of its interest rate decision, with a 25 basis points hike on the agenda. Inflation Rate also came in lower than forecast at […]
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19/09/2023 – Exchange Rates
- September 20, 2023
The euro got a lift this morning from a report that indicated the European Central Bank may soon start discussing how to drain some of the excess liquidity in the banking system, whilst also the latest inflation data shows annual inflation has come in lower than expected at 5.2% for August, down from 5.3% in […]
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Market Update
- September 20, 2023
The euro got a lift this morning from a report that indicated the European Central Bank may soon start discussing how to drain some of the excess liquidity in the banking system, whilst also the latest inflation data shows annual inflation has come in lower than expected at 5.2% for August, down from 5.3% in […]
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18/09/2023 – Exchange Rates
- September 18, 2023
The ECB surprised markets last week by raising interest rates by 25bps to record highs instead of keeping them on hold as initially expected- the bank now will pause on rate hikes for now and keep an eye on data- it seems the ECB believes that growth will be slow in the Eurozone but inflation […]
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Market Update
- September 18, 2023
The ECB surprised markets last week by raising interest rates by 25bps to record highs instead of keeping them on hold as initially expected- the bank now will pause on rate hikes for now and keep an eye on data- it seems the ECB believes that growth will be slow in the Eurozone but inflation […]
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15/09/2023 – Exchange Rates
- September 15, 2023
The pound rose against the dollar today as the greenback slipped and as traders looked ahead to the Bank of England’s interest rate decision next week. Sterling has been one of the best performing currencies this year, up 2.8% against the dollar since the start of January. But it has fallen since mid-July as the […]
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Market Update
- September 15, 2023
The pound rose against the dollar today as the greenback slipped and as traders looked ahead to the Bank of England’s interest rate decision next week. Sterling has been one of the best performing currencies this year, up 2.8% against the dollar since the start of January. But it has fallen since mid-July as the […]
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