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
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 pound eased against the U.S. dollar this morning, a day after the Bank of England (BoE) raised interest rates by the most in 27 years in an attempt to […]
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
USD strength continues to be the theme of this week, with the safe-haven currency set for it’s best month since 2015. The prospect of aggressive rate hikes in the U.S., […]
Market Update
Last week’s economic releases were fairly quiet up until Thursday when we heard from all three major central banks (the Fed, BoE & ECB) speaking all within the space of […]
Market Update
Sterling crashed against a surging dollar in its worst day since March 2020 as investors rushed into safe-haven assets after Russian forces invaded Ukraine. Missiles rained down. Ukraine reported columns […]
Market Update
Bank of England Governor, Andrew Bailey, and other members of the BoE have given signs of an interest rate hike withing the next year. The Pound naturally rose against US […]