Market Update
The pound rose against the dollar today as the greenback slipped and as traders looked ahead to the Bank of England’s interest rate decision next week. Sterling has been one […]
Market Update
Pound Sterling continued it’s downward trend against The USD, struggling to get back to the 1.25 levels, after poorer than expected economic growth figures in The UK. The economy contracted […]
Market Update
Sterling slipped this morning and is on track for its biggest daily drop in a week as UK economy contracted by 0.5% in July, a worse than expected 0.2% contraction […]
Market Update
The Pound suffered this morning, trading narrowly lower against the USD as an upbeat market mood was offset by UK recession woes. The Pound gained slightly on Monday despite a […]
Market Update
As the first full week of the month fets into full swing- we have a pretty quiet Monday with it being Labor day in the U.S- the only key release […]
Market Update
Inflation is the main talking point today with Euro-Zone inflation due out at 10am this morning. Yesterday Germany released their August Inflation figures, with a slight decline from 6.2% in […]
Market Update
We had a pretty interesting week on markets with the Jackson Hole Symposium being a non event with no real policy change announced, the FOMC maintained that they will hike […]
Market Update
The British pound dropped to a 10-week low on Friday as investors rein in expectations of where they think the Bank of England’s interest rate might peak after recent soft […]
Market Update
From Monday-Thursday Sterling actually performed pretty well on the week, with Pound to Euro rate reaching 1.1730 and the Pound to Dollar rate hitting 1.28. Unfortunately, on Friday morning, weak […]
Market Update
Pound Sterling is still climbing against The EUR after yesterday’s positive inflation release. Inflation dropped from 7.9% down to 6.8% in the year to July, with the main contributors being […]