Market Update
A softer approach from The Fed Reserve from September for rate hikes has seen the USD lose further ground over night against a number of different currencies. The minutes from […]
Market Update
The pound rallied today, persisting at more than two-week highs against a broadly weaker dollar, as traders await key data on the UK’s manufacturing industry this week. The strength of […]
Market Update
Last week hosted an eventful week from FOMC members with speeches shifting markets lower and fulfilling trader’s bets of an aggressive Fed tightening program. It is clear from the Fed’s […]
Market Update
To start the morning off Q4 GDP YoY for the UK came in at 6.6% vs expectations of 6.5% boosting the pound against both the euro and dollar. Newfound optimism […]
Market Update
This week we have seen markets show their full strength as we saw both the Fed and the BoE hike rates by 0.25% in attempts to battle inflation in both […]
Market Update
Yesterday evening saw the first of 2 Central Bank policy meetings with The Fed Reserve moving forward with a rate rise of 25 bps, the first rate hike taken by […]
Market Update
Sterling crashed against a surging dollar in its worst day since March 2020 as investors rushed into safe-haven assets after Russian forces invaded Ukraine. Missiles rained down. Ukraine reported columns […]
Market Update
With news filtering through of a full scale invasion by Russia into Ukraine this morning, markets have taken a tumble with both GBP & EUR falling off against The USD. […]
Market Update
Over the last week we have seen Pound Sterling exchange rates rally from 1.19 to a close above 1.20- this is mostly traders pricing in the fact that the Bank […]
Market Update
The pound weakened broadly this morning, pulling back from a 23-month high versus the euro touched in the previous session as weakness in Wall Street prompted investors to take profits […]