Posts Tagged ‘Retail sales’
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 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 MorePound’s Rebound, Eurozone Expectations & Dollar’s Rollercoaster
GBP The British Pound had quite a journey last week. The Bank of England (BoE) decided to keep things stable by maintaining the interest rates at 5.25% for the second time in a row. This decision injected some strength into the Pound. New inflation forecasts from the BoE have predicted that consumer inflation might cool…
Read MoreGlobal Growth Looks Positive Despite Rising Covid Cases
GBP The pound made gains of 0.4% against the dollar this week but lost 0.7% versus the euro as markets try to price in the everchanging effect of Covid on the global economy. The economic data released for the UK last week showed that the economy is recovering well as restrictions get lifted. Retail sales…
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