Market Update
Fitch has downgraded the UK’s government debt rating to “negative” from “stable” following the mini-budget. The ratings agency warned that the “large and unfunded fiscal package” could lead to a […]
Market Update
Global stocks rallied for a second day, after Britain’s decision to ditch part of a controversial tax-cut plan and slightly paler expectations for aggressive central bank action returned some confidence […]
Market Update
The pound managed to make up some ground against the dollar this morning, recovering from the 37-year low it hit earlier in the week. Despite the slight recovery since then, […]
Market Update
Inflation in The UK has again reached new highs, climbing to 10.1% in July mainly contributed by an increase in prices for food and fuel. Expectations for inflation hitting double […]
Market Update
U.S inflation in July dropped from 9.1% down to 8.5%, leading to The USD plunging overnight against both GBP & EUR. Although prices within groceries and housing continued to climb, […]
Market Update
The British pound rose against a broadly struggling dollar but fell against a stronger euro as the latest economic data suggested the cost-of-living squeeze had not yet hit demand for […]
Market Update
UK Inflation is continuing to rise at unprecedented levels, reaching 9.1% in May. Fuel and energy prices have been the biggest drivers of inflation, which has brought inflation to it’s […]
Market Update
The pound edged higher this morning, breaking a three-week losing streak versus the broadly struggling U.S. dollar as hawkish comments from policymakers supported the currency. While the Bank of England […]
Market Update
US Dollar strength continues to be the theme of May after another high release of Inflation data for April bringing the U.S inflation to 8.3%. The figure was lower than […]
Market Update
The pound held near lows last seen in 2020 against a strong dollar, as risk assets like the British currency remained under pressure on concerns over the impact of the […]