10/11/2021 – Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- November 10, 2021
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Sterling edged lower this morning as Britain and the European Union looked far from finding a post-Brexit agreement trade on Northern Ireland, while Bank of England interest rate raise bets ebbed. Britain left the EU last year but has since put off implementing some of the border checks between its province of Northern Ireland and […]
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- Posted by Shyam Gokani in Rate Alerts
- November 4, 2021
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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 MORE01/11/2021 – Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- 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 […]
READ MORE30/09/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- 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 […]
READ MORE27/09/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- 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 […]
READ MORE23/09/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- 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 […]
READ MORE20/09/2020 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- 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 […]
READ MORE16/09/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- September 16, 2021
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Yesterday morning we saw GBP edge up slightly across the major currencies with inflation hitting more than a nine year high, which led to further expectation for The Bank of England to act sooner rather than later with hiking Interest Rates. Consumer prices rose by 3.2% last month, the biggest monthly rise in over 20 […]
READ MORE15/09/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- 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 […]
READ MORE13/09/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- September 13, 2021
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Bank of England Governor, Andrew Bailey, and other members of the BoE have given signs of an interest rate hike withing the next year. The Pound naturally rose against US Dollar and Euro at the close of week. The market has now retraced much of these gains over the weekend into the open this week […]
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