03/02/2022 – Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- February 3, 2022
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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 […]
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- Posted by Shyam Gokani in Rate Alerts
- February 2, 2022
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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 in the Euro area stood at just 0.9% and […]
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- Posted by Shyam Gokani in Rate Alerts
- January 31, 2022
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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 MOREExchange Rates – 21/01/2022
- Posted by Shyam Gokani in Rate Alerts
- January 21, 2022
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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. […]
READ MORE10/01/2021 – Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- January 10, 2022
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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 MORE20/12/2021 – Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- December 20, 2021
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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 MORE18/11/2021 – Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- November 18, 2021
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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 […]
READ MORE17/11/2021 – Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- November 17, 2021
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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% […]
READ MORE15/11/2021 – Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- November 15, 2021
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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 MORE11/11/2021 – Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- November 11, 2021
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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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