09/09/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- 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 […]
READ MORE07/09/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- September 7, 2021
- No Comments
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 […]
READ MORE02/09/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- September 2, 2021
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UK house prices rose 11% against last Augusts figures, climbing closer to Pre-Pandemic levels, bringing some levels of positivity for The UK’s economic recovery. It is thought that although The Stamp Duty Holiday came to an end for higher bracket priced houses back in June, houses falling under the £250,000 or less bracket was the […]
READ MORE26/08/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts, UK
- 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 […]
READ MORE24/08/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- 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 […]
READ MORE09/08/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- August 9, 2021
- No Comments
The pound slipped slightly in early trading against the US Dollar but was still close to its strongest versus the euro since February 2020, as investors focused on the possible pace of monetary policy tightening after the Bank of England meeting last week. In recent weeks, sterling has outperformed as COVID-19 cases have fallen and […]
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- Posted by Shyam Gokani in Rate Alerts
- July 29, 2021
- No Comments
The British Pound has continued its recovery this week with a continuation of daily drops in Covid cases against the figures released 7 days earlier. Earlier this week, The UK saw a 38% drop for week on week cases, bringing some optimism that the third wave ending may well be in sight. With cases having […]
READ MORE21/07/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- July 21, 2021
- No Comments
Sterling edged lower this morning and was set for its fifth consecutive daily decline versus the dollar and Euro amid rising numbers of COVID Delta variant cases in Britain and confusion around the lifting of restriction in England. The government said that while cases are rising, hospitalisations and deaths remained low. Confusion on the removal […]
READ MORE08/07/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- July 8, 2021
- No Comments
GBP is set to at least hold it’s value throughout July with the freedom day of July 19th set to go ahead after being given the green light from Boris Johnson. The main factor behind this decision is due to the correlation that vaccines are having on bringing down hospitalisations and deaths. Economically, GDP is […]
READ MORE07/07/2021 – This Morning’s Exchange Rates
- Posted by Shyam Gokani in Rate Alerts
- July 7, 2021
- No Comments
The pound has steadied against major currencies this morning after hitting a week’s high against the dollar and a 12-day high against the euro this week as Britain set out reopening plans following the COVID-19 pandemic. Sterling had found support this week on British Prime Minister Boris Johnson’s plans to COVID-19 restrictions in England in […]
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