Posts Tagged ‘MPC’
Key Central Bank Decisions and Inflation Data Set the Tone
GBP Sterling saw muted movement early in the week, with GBP/USD drifting near 1.3545 and GBP/EUR retracing from 1.1775 back below 1.1730. Caution remains ahead of a key week for UK data and policy. Markets widely expect the Bank of England to hold interest rates at 4.25% on Thursday. However, signs of softness in the…
Read MoreRate Decisions Loom: Markets Brace for BoE Cut and Fed Signals
GBP Sterling eased off recent highs against the US dollar last week. GBP/USD touched a peak around 1.3445 but slipped towards the 1.3250 level by Friday, as a stronger US dollar and softer UK economic data weighed on sentiment. UK services PMI for April came in just below the 50 mark, indicating flat to contracting…
Read MoreMarket Update: GBP Strengthens, USD Weakens Amid Tariff Concerns, EUR Remains Under Pressure
Overview The foreign exchange market experienced notable fluctuations over the past week, influenced by political developments, economic data releases, and shifts in monetary policy. This report provides an analysis of the GBP, USD, and EUR, highlighting key events from the previous week and offering insights into the upcoming week. British Pound (GBP) Recent Developments: Spring…
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 MorePound Resilient Amid Tariff Tensions and Central Bank Shifts
GBP The Pound held firm last week, supported by comments from Bank of England (BoE) Deputy Governor Dave Ramsden, who emphasised the need for a gradual approach to rate cuts. Investors continue to expect the BoE’s easing cycle to be more measured than other major central banks, with markets pricing in two rate cuts this…
Read MorePound Holds Firm Ahead of BoE Decision, Euro Struggles, and Dollar Gains on Market Uncertainty
GBP The British Pound is behaving like a safe-haven currency as markets react to the latest U.S. tariff announcements from President Trump. While the U.S. Dollar is strengthening, the Pound is holding up well. This suggests that investors see the UK as less vulnerable to tariffs compared to major exporters like the Eurozone. The UK…
Read MoreKey Market Movers This Week: UK Inflation Data, US CPI, and China’s GDP in Focus
Market Report Week Commencing 13th January 2025 Currency Pair Mid-Market Rates GBP – USD 1.2164 GBP – EUR 1.1892 GBP – AED 4.4680 GBP – CNY 8.9201 EUR – USD 1.0228 Accurate at the time of writing Country Interest Rate Inflation UK 4.75% 2.6% US 4.5% 2.7% Eurozone 3.15% 2.4% UAE 4.4% 3.01% China 3.1%…
Read MoreSterling Holds Firm, Euro Weakens, Dollar Gains as US Election and Central Banks Take Focus
GBP Sterling has been one of the best-performing major currencies in 2024, thanks to the Bank of England’s cautious stance on cutting interest rates and better-than-expected economic data earlier in the year. If the upcoming budget is well received, and the BoE continues to take a measured approach to rate reductions, the Pound could maintain…
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 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…
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