by Julian Benson | Sep 28, 2023
When asked when the rate hiking cycle would end, European Central Bank member, Frank Elderson, said, “There is still a lot of uncertainty. That’s why we take these decisions meeting-by-meeting, on a data-dependent...
read more
by Julian Benson | Sep 28, 2023
The pound decreased to a 27-week low against the US dollar yesterday after underperforming in recent sessions. However, high interest rates may attract more support for the GBP/USD rate. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
read more
by Julian Benson | Sep 28, 2023
The US dollar continued its rally against rival currencies, the euro and pound, yesterday as the bleak economic outlook weighs on investor’s minds and US economists keep an eye on political developments. The pound made marginal gains against the euro yesterday...
read more
by Charles Purdy | Sep 27, 2023
Sterling has been weakening steadily against the US dollar and a bit more rapidly against the euro. However, it remains well above the average of 2023 against both, and is worth fixing with a forward contract if you want the security of having a budget abroad that you...
read more
by Julian Benson | Sep 27, 2023
Early this afternoon, the data for US durable goods orders will be released. Markets expect orders to decline 1.4% in August from a 5.2% decrease just a month before. July’s result marked the sharpest decline since April 2020. For more on currencies and currency risk...
read more
