Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- July 5, 2022
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Sterling fell this morning against a strengthening U.S. dollar but jumped against the euro in July thinned trade with markets watching for any sign from the Bank of England on its monetary policy path. With some liquidity expected to return to the foreign exchange market later in the day after a U.S. long bank holiday, […]
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Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, Budget, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- June 20, 2022
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The pound edged higher this morning, breaking a three-week losing streak versus the broadly struggling U.S. dollar as hawkish comments from policymakers supported the currency. While the Bank of England raised interest rates by just a quarter point last week – lagging more robust action from the U.S. Federal Reserve and other central banks, markets […]
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- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- April 26, 2022
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The pound held near lows last seen in 2020 against a strong dollar, as risk assets like the British currency remained under pressure on concerns over the impact of the lockdowns in China on the global economy. Sterling edged lower, after falling on Monday below $1.27 against the dollar for the first time since September […]
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Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- April 22, 2022
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The British pound tumbled this morning, following data that showed slumping retail sales and record-low confidence as high inflation has cut into consumer spending. Retail sales volumes slid 1.4% from February, the Office for National Statistics said Friday. Economists polled predicted a drop of 0.2%. Sales were revised to a 0.5% drop in February, higher […]
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Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, Budget, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- March 31, 2022
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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 on the Russia-Ukraine ceasefire and peace talks quickly came to a halt after Russia indicated no material progress had been made. U.S equities shaved off […]
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- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- March 25, 2022
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Standstill. That’s one way to explain the currency market over the past day. UK PMI data came out positive except that of manufacturing PMI. Today retail sales came in at -0.3% vs forecasts at 0.6%, as we know retail sales speaks volumes about the health of an economy, so a contraction only aligns with the […]
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Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- March 21, 2022
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A quick recap of last week. We saw the Fed raise rates to 0.5% and the Bank of England follow suit raising rates to 0.75% both events widely anticipated by markets and priced in. The tonality for both central banks however were far from similar, the fed Chair Jerome Powell was extremely hawkish on the […]
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Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- March 17, 2022
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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 The Fed since 2018. With inflation currently sitting near 8%, a 40 year high, and inflationary pressures effecting prices and potential supply of commodities such […]
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- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- March 11, 2022
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Sterling slipped to a 16-month low today against the safe-haven U.S. dollar and is heading for its third consecutive weekly decline as stronger-than-expected UK economic growth did little to support the pound. The Office for National Statistics said Britain’s economy grew 0.8% in January, the strongest monthly expansion since June and more than forecast by […]
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Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Sterling, UK, Uncategorised
- March 3, 2022
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Sterling has continued to rise this morning against The EUR, reaching 1.2082 which is the highest in 12 months, with investors and traders focusing on market bets shifting towards a likelihood of The Bank of England raising rates again in March. Money markets are currently pricing in 108 bps of UK rate hikes this year […]
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