Posts Tagged ‘Interest rates’
Central Banks Take Centre Stage as Inflation and Oil Risks Keep FX Markets on Edge
GBP – Pound under pressure ahead of Bank of England decision The Pound has started the week under some pressure against most major currencies, although it is holding slightly firmer against the US Dollar. The main focus for markets this week is the Bank of England interest rate decision on Thursday. Markets currently expect the…
Read MoreVolatility Returns: Inflation Data and Policy Signals Drive FX Markets
Central Banks ECB: Left interest rates unchanged last week, maintaining a cautious stance as inflation trends closer to target. Policymakers emphasised a meeting by meeting approach, remaining data dependent. BoE: Also left interest rates unchanged, keeping policy restrictive as inflation remains above target. Future easing is expected to be gradual and data driven. United States…
Read MoreThis Week in Markets: UK GDP in Focus, ECB Decision, and US Inflation Watch
Interest Rates & Inflation Region Interest Rate Inflation UK 4.0% 3.8% EU 2.15% 2.1% US 4.5% 2.7% GBP Friday 12th – GDP (MoM) EUR Thursday 11th – ECB Interest Rate Decision USD Wednesday 10th – PPI ex Food & Energy (YoY) Thursday 11th – CPI (YoY) Key Market Updates Why this mattersThis week’s data releases…
Read MoreJackson Hole Countdown: Will Inflation Tip the Scales?
Summary A data heavy week lies ahead, culminating in the Jackson Hole Economic Policy Symposium. Markets are poised for significant FX moves around UK CPI and activity data, FOMC minutes and Chair Powell’s address, and President Lagarde’s remarks alongside Euro Area PMIs. The near term direction for USD, GBP, and EUR will hinge on whether…
Read MoreMarket Outlook: Key Interest Rate Decisions and Economic Indicators to Watch This Week
Currency Pairs Currency Pair Mid-Market Rate GBP – USD 1.2970 GBP – EUR 1.1891 EUR – USD 1.0906 Interest Rates & Inflation Country Interest Rate Inflation Eurozone 2.65% 2.4% UK 4.5% 3.0% US 4.5% 2.8% GBP EUR USD We specialise in helping businesses and individuals manage foreign exchange risks through expert insights, personalised guidance, and…
Read MoreGBP Struggles Amid Middle East Tensions, Focus Shifts to ECB and Fed Rate Moves
GBP The Pound Sterling started the week on the back foot, weakening against its major peers as market sentiment took a hit. At the time of writing, GBP|USD and GBP|EUR are trading at 1.3098 and 1.1913, respectively. Growing tensions in the Middle East, particularly between Iran and Israel, have sparked concerns. Over the weekend, Israel…
Read MoreSterling Rises on Strong UK Inflation, Markets Eye Fed’s Interest Rate Decision
GBP The British Pound strengthened during Wednesday’s London session following hotter-than-expected UK inflation data for August. At the time of writing, GBP|USD was nearing 1.3220, while GBP|EUR held around 1.1875. Volatility is expected later today with the Federal Reserve’s monetary policy decision at 18:00 GMT. According to the Office for National Statistics, core Consumer Price…
Read MoreSterling 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…
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