Market Update

The USD dipped slightly this morning, giving up some of its gains from yesterday but is still keeping GBP struggling to break the 1.21 area and the EUR just about […]

Market Update

Yesterday we saw UK Employment data release above expectation, which saw GBP climb above both Dollar & Euro. 34K more jobs above forecast and unemployment remained unmoved at 3.7%. Average […]

Market Update

The USD edged slightly higher against GBP overnight as The Fed Reserve’s meeting minutes seemed to point towards a continuation of their hawkish stance. The minutes indicated that the central […]

Market Update

The pound climbed to its highest level against the dollar since June as the US greenback weakened on expectations of an interest rate hike slowdown. The British currency touched $1.23, […]

01/12/2022 – Exchange Rates

USD continues to fall against it’s major currency pairs after Federal Reserve Chairman Jerome Powell stated a slowdown of rate increases may come as soon as their next meeting on […]

Market Update

Sterling gained against the dollar this morning as the safe-haven greenback fell against most currencies as market sentiment improved on hopes that China would ease its strict COVID-19 curbs. The […]

Market Update

The USD surged by over 2% against both EUR & GBP after The Federal Reserve raised interest rates by a further 75 basis points last night, the fourth such rate […]

Market Update

GBP continues to be vulnerable as we head to The Bank of England’s Friday deadline when they are due to bring their emergency support for bonds to an end. BoE […]

Market Update

Sterling slipped to a new two-week trough after Bank of England Governor Andrew Bailey reiterated that the central bank would end its emergency bond-buying program on Friday and told pension […]

Market Update

The pound weakened for the fifth day in a row amid fresh signs of trouble in the UK government bond market that forced yet another intervention by the Bank of […]