05/07/2022 – Exchange Rates


05/07/2022 – Exchange Rates

  • Posted by Shyam Gokani in Rate Alerts
  • 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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Exchange Rates – 23/06/2022

  • Posted by Shyam Gokani in Rate Alerts
  • June 23, 2022
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UK Inflation is continuing to rise at unprecedented levels, reaching 9.1% in May. Fuel and energy prices have been the biggest drivers of inflation, which has brought inflation to it’s highest point since 1982. This has led to more calls for The Bank of England to not only continue rate hikes, but to also implement […]

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20/06/2022 – Exchange Rates

  • Posted by Shyam Gokani in Rate Alerts
  • 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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26/05/2022 – Exchange Rates

  • Posted by Shyam Gokani in Rate Alerts
  • May 26, 2022
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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 The Fed Reserves last meeting are suggesting a possible pause in rate hikes after 2 more 50 bps hikes in both June & July, effectively […]

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23/05/2022 – Exchange Rates

  • Posted by Shyam Gokani in Rate Alerts
  • May 23, 2022
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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 the pound is largely down to broad dollar weakness, as investors sold the US unit on hopes that loosening lockdowns in China could help global […]

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12/05/2022 – Exchange Rates

  • Posted by Shyam Gokani in Rate Alerts
  • May 12, 2022
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US Dollar strength continues to be the theme of May after another high release of Inflation data for April bringing the U.S inflation to 8.3%. The figure was lower than the release in March but still higher than expectations, meaning the aggressive rate approach from The Fed Reserve looks set to remain. As it stands […]

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28/04/2022 – Exchange Rates

  • Posted by Shyam Gokani in Rate Alerts
  • April 28, 2022
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USD strength continues to be the theme of this week, with the safe-haven currency set for it’s best month since 2015. The prospect of aggressive rate hikes in the U.S., in the form of three 50bps hikes in upcoming meetings along with an uplift in demand for The Dollar due to growing concerns for economic […]

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26/04/2022 – Exchange Rates

  • Posted by Shyam Gokani in Rate Alerts
  • April 26, 2022
  • No Comments

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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25/04/2022 – Exchange Rates

  • Posted by Shyam Gokani in Rate Alerts
  • April 25, 2022
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Last week’s economic releases were fairly quiet up until Thursday when we heard from all three major central banks (the Fed, BoE & ECB) speaking all within the space of 30 minutes. Fed’s Powell confirmed a hawkish outlook for the U.S saying “it is appropriate to be moving more quickly” in relation to their monetary […]

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22/04/2022 – Exchange Rates

  • Posted by Shyam Gokani in Rate Alerts
  • April 22, 2022
  • No Comments

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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