Posts Tagged ‘GDP’
Key Economic Data and Political Moves Set to Drive FX Markets This Week
Interest Rates & Inflation Region Interest Rate Inflation UK 4.00% 3.6% EU 2.15% 2.0% US 4.50% 2.7% Last week in FX markets: The pound experienced notable volatility, with GBP/USD edging higher amid firmer UK data suggesting an uptick in economic resilience. Stronger-than-expected inflation and employment signals helped buoy Sterling against the US dollar, as markets…
Read MoreSterling Steady as UK Trade Talks Brighten, but Growth Concerns Linger
GBP Sterling traded within a relatively narrow range last week, showing modest upward momentum early on before surrendering gains towards the end of the week. A key supportive factor was renewed optimism surrounding the UK-India trade deal. Reports suggested significant progress had been made in negotiations, raising hopes that a long-awaited agreement could soon be…
Read MoreTariff Tensions Rock Global Markets: Currencies in Turmoil
Country Interest Rates and Inflation:• Eurozone: Interest Rate – 2.65%, Inflation – 2.2%• UK: Interest Rate – 4.5%, Inflation – 2.8%• US: Interest Rate – 4.5%, Inflation – 2.8% Market Overview:Global financial markets have seen considerable turbulence recently, largely driven by the U.S. administration’s new slate of tariffs. These measures have sent shockwaves through equity…
Read MoreGBP Awaits GDP Data, Lagarde & Powell in Focus
Currency Pairs – Mid-Market Rates Currency Pair Rate GBP – USD 1.2405 GBP – EUR 1.2030 EUR – USD 1.0310 Interest Rates & Inflation Country Interest Rate Inflation Eurozone 2.9% 2.5% UK 4.5% 2.5% US 4.5% 2.9% GBP EUR USD We specialise in helping businesses and individuals manage foreign exchange risks through expert insights, personalised…
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…
Read MoreSterling’s Steady Surge, Euro’s Resilience, and Dollar’s Dynamics
GBP Last week witnessed a rally in GBP|EUR up to 1.1660, spurred by the release of PMI figures surpassing expectations. However, the pair faced resistance at the key 1.17 level, which it couldn’t breach. The disappointment in Eurozone PMI numbers further added to Sterling’s strength. Although it fell short of reaching 1.17, the upcoming release…
Read MoreChallenges and Uncertainties Await Sterling
GBP Sterling has been under relentless pressure against the Dollar for the past 11 weeks, due to investors and speculators worrying about the UK’ weak economic outlook. Analysts predict that the selloff is likely to continue, with a target of GBP|USD 1.20 in the coming weeks (currently 1.2187 at the time of writing). GBP|EUR also…
Read MoreTurbulent Week for the Pound Ahead
GBP Anticipation of more interest rate rises from the BoE surfaced last week, helping breathe some strength back into the Pound, which was much needed after a week of gloomy data releases around the UK economy. RICS (Royal Institution of Chartered Surveyors) reported that the outlook for the UK housing market is reaching levels not…
Read MoreRecessions, Inflation & Rate Hikes
GBP Strong employment data saw Sterling take a jump at the back end of last week, bolstered by record wage growth and elevated rate hike bets. We’ve now seen 13 consecutive hikes, with rates being the highest since April 2008. Another hike seems more than likely on the BoE’s next decision on August 3rd. BoE…
Read MoreJobs Report Key for Further Dollar Strength
GBP The pound weakened against every G10 currency last week as the markets lost conference in the UK economy due to energy and stagflation concerns. What is most concerning for sterling is this weakness wasn’t reversed with hawkish comments from Andrew Bailey and the OIS curve indicating that a markets have priced in a interest…
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