Market Update
The US Dollar is now at a 4-month low against its major peers after The Federal Reserve finally signalled the path towards Interest Rate cuts next year. Federal Reserve Chair […]
Market Update
In a surprising turn of events, the UK economy shrank by 0.3% in October, causing the value of the British pound to decrease. Economists had predicted a steady or slight […]
Market Update
Sterling hovered around its highest levels in almost three months against the euro today, as markets raised their bets on rate cuts by the European Central Bank, which widened their […]
Market Update
Last week’s data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, […]
Market Update
Yesterday morning saw UK Inflation drop comfortably below 5% for the first time in 2 years. The lower energy price cap imposed on households at the start of October was […]
Market Update
British data earlier in the day showed UK workers’ wages grew slightly less quickly in the three months to September but remained close to their record pace. The figures will […]
Market Update
The pound edged up against the euro after Bank of England (BoE) policymakers, including Chief Economist Huw Pill, reiterated policy will need to remain restrictive for some time. Earlier this […]
Market Update
The pound weakened against the dollar and euro today, as markets continued to digest remarks from the Bank of England’s chief economist that interest rate cuts could come around the […]
Market Update
The Federal Reserve opted to keep Interest Rates at current levels last night, which is a 22-year high as expected. The Central Bank’s Chair Jerome Powell struck a less hawkish […]
Market Update
The Pound has struggled to maintain any form of strength against the Euro and Dollar over the last month, with GBPEUR currently trading at 1.1450 and GBPUSD trading at 1.2130. […]