26/07/2024 – Exchange Rates
- July 26, 2024
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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Market Update
- July 26, 2024
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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25/07/2024 – Exchange Rates
- July 25, 2024
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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Market Update
- July 25, 2024
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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24/07/2024 – Exchange Rates
- July 24, 2024
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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Market Update
- July 24, 2024
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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19/07/2024 – Exchange Rates
- July 19, 2024
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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Market Update
- July 19, 2024
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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16/07/2024 – Exchange Rates
- July 16, 2024
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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Market Update
- July 16, 2024
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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