Posts Tagged ‘ECB’
BoE Rate Hike Expected
GBP The pound rallied by just under a percent last week versus the dollar as markets priced in 15bp of tightening by the Bank of England by the December 2021 meeting with a further 75bp expected next year. This led to cable being at it’s highest since the start of October which has taken the…
Read MoreInflation, Fuel and Politics
GBP The pound finished flat against the dollar last week but with 1% of volatility as the markets navigated both the Fed and Bank of England. Against the euro, the pound lost 0.1% but like the dollar also had 1% swings in the currency pair. Sterling weakened off at the beginning of the week as…
Read MoreMarkets Await Fed and BoE
GBP The pound managed to stay flat against the euro but lost half a percent to the dollar in a week which saw strong inflation numbers but poor retail sales. It would seem markets are starting to weigh up the possibility of global stagflation as prices rise but economic output fails to increase. One of…
Read MoreMarkets Watching Inflation Closely
GBP The pound had a mixed week increasing against the euro by 0.4% but decreasing by 0.2% against the dollar. On Thursday the pound had its strongest one-day gain against the euro since July, this came off the back of comments from Bank of England Governor Andrew Bailey that BoE policymakers are actively and openly…
Read MoreFed Minutes Likely to Boost Dollar
GBP The pound had a poor week as it lost ground versus every G10 currency, bar the Swiss Franc. Versus the dollar and euro, sterling depreciated by 0.3%. It appears that the bullish sentiment on the pound has lost support over the last week, as markets start to question the Bank of England’s optimistic outlook,…
Read MoreAll Eyes on the ECB
GBP The pound finished the week down against both the dollar and euro despite the change in tone from the Bank of England and better than expected CPI figures. Two speeches last week from Monetary Policy Members Ramsden and Saunders were more hawkish than the markets expected, and sterling rallied off the back of it,…
Read MoreSuper Thursday Expected to Drive Volatility
GBP The Pound had a difficult week, losing ground against every G10 currency apart from the New Zealand Dollar. Against the Euro, Sterling finished flat but lost a quarter of one percent to the US Dollar. The Pound has suffered due to uncertainty around the full reopening of the economy on the 21st of June.…
Read MoreCovid Variants Could Dampen Pounds Potential
GBP The Pound was the top performing G10 currency last week, increasing by 0.8% against the Dollar and just under 1% versus the Euro. GBP/EUR closed the week just above 1.16 following its best week since February. Sterling benefited from an expiry of election related political risks, as well as first quarter GDP data that…
Read MoreThird Wave Looms Over Europe
GBP Although there was significant intraday volatility throughout the week the pound ended the week flat versus the euro and down 0.4% to the dollar. The Bank of England’s monetary policy committee meeting was the main talking point for the where the bank voted to unanimously keep rates at 0.1%. Though the pound did not…
Read MoreAnother Deadline Broken as Talks Drag On
GBP The Pound was the worst performing G10 currency last week as hopes for a trade deal between the UK and EU started to wane. Boris Johnson arrived in Brussels on Wednesday evening to have dinner with Ursula von der Leyen but was unable to close the gap on any of the key sticking points.…
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