by Julian Benson | Aug 1, 2024
Yesterday, the Federal Reserve chose to keep the federal funds rate at a 23-year high of 5.25-5.5% for the eighth consecutive meeting. This morning, the US dollar has gained 0.3% against the pound and made marginal gains against the euro. Despite slipping around a...
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by Julian Benson | Aug 1, 2024
The Japanese yen added almost 1.5% against the US dollar yesterday, building on Tuesday’s strength and taking the currency pair’s monthly gains to almost 7%. This movement was largely influenced by hawkish commentary from Bank of Japan policymakers before yesterday’s...
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by Julian Benson | Aug 1, 2024
The euro gained over three-quarters of a per cent against the euro in July, which is beneficial to Europeans with any upcoming transfers to the US. To benefit from today’s rate, speak to your account manager about using a forward...
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by Julian Benson | Aug 1, 2024
British stocks, the FTSE 100 rose by 1.1% on Wednesday, soaring to the highest rate in over two months. One of the index’s largest constituents, HSBC jumped by 4%, which greatly contributed to these gains following increased profits at the bank, which were announced...
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by Christopher Nye | Jul 31, 2024
The pound has hit the end of a long month in a strong position, very close to its best against a basket of currencies since the Brexit referendum eight years ago. It’s been a month bookended by a general election and the start of the interest rate cutting cycle – with...
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