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
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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 […]
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Market Update
- Posted by Shyam Gokani in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Sterling, UK, Uncategorised
- September 30, 2021
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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
- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- September 27, 2021
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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
- Posted by Shyam Gokani in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Rate Cuts, Sterling, UK, Uncategorised
- September 23, 2021
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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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- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- September 20, 2021
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The Pound commenced last week much higher against the Euro & US Dollar due to Bank of England’s hint of an interest rate hike. However, the pound has fallen against the Euro and USD towards the close of trading on Friday last week. Inflation data for the UK superseded the Bank of England’s forecast in […]
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- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Currency, Dollar, Economy, EUR, Fed, Inflation, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- September 15, 2021
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The British pound rebounded this morning but was off the highs touched yesterday, after data showed British inflation hit a more than nine-year high last month, fuelling expectations the Bank of England could look to hike rates sooner than previously expected. CPI in Britain rose by 3.2% on a year-on-year basis last month, the biggest […]
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- Posted by Shyam Gokani in coronavirus, Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- September 9, 2021
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This week has pretty much been the week of Central Banks, with Rate Decisions from Australia, Canada, Poland, & The ECB today. First up on Tuesday was The Reserve Bank of Australia, keeping their Interest Rates at 0.10%, however more importantly forward guidance suggested they would begin their asset tapering with the aim of drawing […]
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- Posted by Shyam Gokani in Brexit, coronavirus, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- September 7, 2021
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The Pound rose sharply against the US Dollar on the close of last week, Friday, due to a massively underperforming non-farm payrolls report. The monthly jobs reports, released on the first Friday of every month, was expected to add 750k jobs however actually come in at a shocking 235k. On a more positive note, average […]
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- Posted by Shyam Gokani in Bank of England, Brexit, coronavirus, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- August 26, 2021
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The last few days have been extremely volatile for The U.S Dollar as we move into The Jackson Hole Summit with all eyes on what The Fed Reserve will mention regarding possible Rate Hikes and any Quantitive Easing measures moving forward. Over the past week we’ve seen USD gain momentum against both EUR & GBP […]
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- Posted by Shyam Gokani in Bank of England, coronavirus, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 24, 2021
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Sterling edged lower against the dollar this morning, but held most gains made against the greenback on the back of a risk rebound at the start of the week that saw the British currency bounce nearly 1%. The pound has traded roughly in line with risk sentiment in global markets, and a recovery in world […]
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