Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Dollar, Economy, election, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 25, 2022
- No Comments
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 of troops pouring across its borders from Russia and Belarus and landing on the coast from the Black and Azov seas. Safe-haven currencies such as […]
READ MORE
Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- February 3, 2022
- No Comments
The Pound has opened this mornings session slightly lower against The USD after disappointing earnings results for Meta, previously known as Facebook and has therefore seen a sell-off in tech and social media stocks, with people buying into the USD. We do expect GBP to recover moving later into the afternoon as The Bank of […]
READ MORE
Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- February 2, 2022
- No Comments
The Main Data out today is for the Euro area, the forecasted figures for January would suggest that both Inflation and core Inflation is coming down; Inflation has been on an upward trajectory throughout the Pandemic; rising from 4.1% in Oct, 4.9% in Nov to 5.0% in December. Exactly 1 year ago in Jan 2021 inflation […]
READ MOREMarket Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- January 31, 2022
- No Comments
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 of England are expected to raise interest rates again this week. Now, once common mistake people make is waiting for these decisions thinking that the […]
READ MOREMarket Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- January 10, 2022
- No Comments
The Pound has faced its third week, in succession, of gains against the US Dollar following the Bank of Englands decision to hike interest rates, a long awaited agreement with the European Union surrounding a fisheries deal and a surprisingly lower than forecasted non-farm payrolls in December. The US Dollar fell by over 0.5% on […]
READ MOREMarket Update
- Posted by Shyam Gokani in Bremain, Brexit, coronavirus, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- December 20, 2021
- No Comments
The British pound slipped to a three-day low on Monday, dropping below $1.32 versus the dollar as a broad risk-off mood swept through financial markets. Growing doubts about U.S. President Biden’s infrastructure program to see the light of day due to Democrat Joe Manchin’s ‘no’ is prompting a rethink about U.S. growth forecasts for 2022 […]
READ MORE
Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Retail Sales, Sterling, UK, Uncategorised
- November 15, 2021
- No Comments
The GBP was under great pressure last week leading on from the Bank of England’s decision to keep interest rates on hold the previous week. The prior weeks before the decision, Sterling had gained on strong market expectations of an interest rate hike which have now been clawed back. A bout of economic releases, for […]
READ MOREMarket Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- November 4, 2021
- No Comments
Wednesday saw the eagerly awaited Fed Reserve meeting centred around Tapering, when would it start and by how much? All the speculation over the last week had pointed towards a tapering plan to begin the reduced asset purchases by $15b p/month. This is exactly how it panned out, with The Fed Reserve going further to […]
READ MORE
Market Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- November 1, 2021
- No Comments
November has opened trading with the GBP having retraced gains from an incredibly strong month. Investors and traders priced in an interest rate hike from the Bank of England this side of the new year in the last 2 weeks of trading. The GBP had reached highs against the US Dollar, Euro and a basket […]
READ MOREMarket Update
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- September 27, 2021
- No Comments
The Federal Reserve of the US and Bank of England of the UK both kept interest rates on hold last week. With the markets expecting no changes in rates and Quantitive easing; they were however looking for some forward guidance as to when an interest rate hike may come. The Fed are currently monitoring employment […]
READ MORE
