by Sharyh Murray-Francis | Mar 27, 2023
There will be lots of high impact economic data releases rolling out over the course of this week. Economists will be keeping a watchful eye on these releases to see how they impact the US dollar’s movements against its rivals. Markets will see the latest personal...
by Sharyh Murray-Francis | Mar 27, 2023
The Ifo institute released the latest business climate index for Germany at 9am this morning. Markets were expecting the index to remain unchanged however this morning’s result exceeded expectations. Business Confidence in Germany increased to 93.30 points in...
by Sharyh Murray-Francis | Mar 27, 2023
The CBI distributive trades survey’s retail sales balance surged 25 points in February to +2, easily beating market expectations of -13. This morning economists are expecting that number to fall by -18.
by Sharyh Murray-Francis | Mar 27, 2023
The pound begins today with fresh weekly gains of around 0.46% against the US dollar after ending last week near its highest levels since last spring. Against the euro, Sterling is weaker compared to last Monday by around -0.52%. The latest report from the UK’s...
by Charles Purdy | Mar 27, 2023
Firstly, a thank you to all who came along to Your Overseas Home, the international property show we help to organise. It’s good to see so many people determined to buy a property abroad this year. You can catch much of the content, such as webinars about visas and...
by Charles Purdy | Mar 24, 2023
The US dollar strengthened against most major currencies by between 0.5 and 1% yesterday, but not sufficiently to recover the losses from earlier in the week and it hits Friday some 1.5% adrift of EUR compared to last Friday. It was a quiet day for data, but the...
by Charles Purdy | Mar 24, 2023
It’s been a positive week for the single currency on the whole, strengthening against most major currencies except for the Norwegian krone, and including a roughly 0.75% rise against sterling overall. However, that was despite dropping across the board yesterday. Next...
by Charles Purdy | Mar 24, 2023
Sterling powered ahead against the US dollar yesterday while remaining broadly static against the euro. This morning’s data on consumer confidence and – more importantly – spending has boosted sterling further. Gfk Consumer Confidence level improved slightly but is...
by Charles Purdy | Mar 24, 2023
Sterling turned another corner yesterday after an up-and-down sort of week. GBP/USD ends the week close to its highest levels since last spring. Less positively against the euro, it hit a two-week low early yesterday but has been climbing since. The Bank of England’s...
by Sharyh Murray-Francis | Mar 23, 2023
The US Federal Reserve raised the fed funds rate by 25bps to 5% yesterday in line with market forecasts. This pushed US borrowing costs their highest levels in over a decade, since 2007, as inflation remains elevated. The Fed also noted the US banking system is...
