Market Update


Market Update

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 […]

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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 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 […]

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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 after a rally this week. Against a broadly sturdy U.S. dollar, the pound weakened 0.25% at $1.3585, its lowest levels in more than a week. […]

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Market Update

The Pound has continued its recovery this week after positive employment data removed fears of the potential impact from the furlough scheme ending in October. The potential fall-out from furlough was cited as the main reason for The Bank of England resisting a rate hike earlier this month, and with inflation surging over 4% for […]

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Market Update

The dollar was much stronger this morning, benefiting from the release of strong retail sales, while sterling climbed after a hot inflation release pointed to a December Bank of England interest rate hike. The latest catalyst for these dollar gains was the release of surprisingly strong U.S. retail sales data on Tuesday, which climbed 1.7% […]

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Market Update

The Dollar has continued it’s resurgence against both Sterling & Euro as inflation climbs to a 30 year high hitting 6.2%. Pressure is mounting on The Fed Reserve to raise interest rates as inflation has continued to intensify after seeing a rise in energy costs, continued supply shortages and an increase in consumption has sent […]

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Market Update

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 […]

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Market Update

USD strength has been the main theme of the week, with focus solely on preparation for The Fed Reserve to begin tapering in November. Initial concerns were raised around tapering beginning too soon with the global economic recovery slowing, as well as high inflation taking place across the board. However with The Fed set to […]

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Market Update

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 […]

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Market Update

Wednesday’s main focus for traders was The Fed Reserves Interest Rate decision, an eagerly awaited data release providing forward guidance on interest rates and monetary policy. Rate hikes globally have been a topic of conversation over the past few months with inflation over-shooting many central bank targets of 2%. The main takeaway from The Fed’s […]

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