Market reports
Sterling Under Pressure, Eurozone Awaits Key Data, US Dollar Reacts to Fed Signals
GBP Sterling faced rejection once again at the $1.28 level against the US Dollar but is still holding strong above €1.18 against the Euro. Last week investors were seeing less than a 50% chance of an interest rate hike in August. This, combined with the European Central Bank cutting rates last week, pushed the Pound…
Read MoreSterling Showing Strength, Euro Awaits ECB Speech & Dollar Struggles for Recovery
GBP Sterling has faced notable volatility over recent weeks, primarily due to the Bank of England’s decision to maintain interest rates at 5.25% for the sixth consecutive time on May 9th. This decision initially triggered a sharp sell-off, causing GBP/EUR to dip to around 1.1605 and GBP/USD to fall to approximately 1.2450. However, both currency…
Read MoreGeopolitical Tensions Drive Investors to USD
GBP Sterling took a hit, sliding to its lowest point against the Dollar since November, now hovering just above the 1.24 mark, all down to Dollar strength, mainly due to tensions in the Middle East boosting the Dollar’s safe-haven appeal. Sterling is trading better against the Euro, trading around 1.1710, with the Euro weakness mainly…
Read MoreSterling Strengthens, ECB Decision Looms, and Dollar Faces Uncertainty
GBP Sterling has seen a modest uptick against the Dollar this week, with GBP|USD hovering just below the 1.27 mark. Meanwhile, GBP|EUR has remained relatively stable around 1.1670 since early April. Speculation about potential interest rate adjustments by the Bank of England has intensified, ahead of the June meeting. Recent months have seen UK inflation…
Read MoreSterling Holds Ground, Eurozone Struggles, USD Faces Fed Speculation
GBP Sterling has displayed resilience in the face of recent dovish sentiments from the Bank of England, with GBP|EUR hovering around 1.1675 and GBP|USD at 1.2565 as of the time of writing. However, Sterling remains susceptible due to various factors, including a slowdown in inflation and a generally gloomy market sentiment. According to the British…
Read MoreCentral Banks’ Policy Signals and Economic Outlooks
GBP Last week saw a dip in Sterling following the Bank of England’s decision to maintain interest rates at 5.25%, marking it the fifth consecutive meeting without a change. Markets interpreted this as a gradual shift towards a dovish stance by the BoE, notably as two policymakers, Catherine Mann and Jonathan Haskel (who previously advocated…
Read MoreCentral Bank Decisions Steal the Spotlight
GBP Pound Sterling is currently in a holding pattern, exhibiting sideways movement as it grapples with anticipation surrounding several high-impact data releases scheduled for this week. With GBP/EUR hovering around the 1.17 mark and GBP/USD around 1.27, investors and speculators are exercising caution as they await the Federal Reserve’s interest rate decision on Wednesday and…
Read MoreSterling Faces Evaluation, Eurozone Calm, Dollar Eyes Data
GBP Sterling’s upward trajectory will encounter a critical evaluation this week as the UK prepares to unveil its latest job market data. Of particular significance will be wage growth metrics, now deemed pivotal indicators for the Bank of England alongside service sector inflation. Additionally, this week brings noteworthy releases such as January’s GDP and February’s…
Read MoreGBP Shows Strength, EUR Awaits ECB Decision & USD Faces Downward Pressure
GBP The UK economic landscape displays signs of improvement, with February’s PMI figures surpassing expectations. Despite this positive trend, inflation in the UK remains the highest among G-7 nations, prompting the Bank of England to maintain interest rates in restrictive territory for an extended period. Amidst this backdrop, the Pound has advanced against both the…
Read MoreSterling Weighted by Uncertainty, Euro Braces Amidst Policy Divergence & Dollar Holds Steady
GBP The Pound experienced a decline from its recent monthly high against the Dollar, dropping to approximately 1.2610 (current as of time of writing), just ahead of Bank of England Governor Andrew Bailey’s scheduled speech this evening. GBP|EUR has traded fairly flat since dropping from its monthly high of 1.1740 last week, currently trading at…
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