The threat of recession is on the horizon for Britain following the Bank of England’s decision to increase the interest rate by 50 basis points. The hike caused a frenzy among market watchers, as it carried the rate to…
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Sterling has started the week slowly, showing no clear direction after last Thursday’s drubbing following the Bank of England’s warnings of a deep and long lasting recession, with inflation hitting 13%. However, with currency markets, whenever a piece…
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The dollar strengthened against the pound yesterday but has weakened against both sterling and the euro this morning. Markets will now be looking to today's non-farms payrolls and unemployment data for direction.
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The euro strengthened yesterday after the Bank of England’s interest rate decision created volatility within the markets. This morning the single currency has lost a little of this strength but remains at its strongest point against the pound…
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The pound fell sharply yesterday afternoon following the Bank of England’s interest rate hike. BoE governor Andrew Bailey has warned of a recession later this year. This morning sterling has made a slight recovery.
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The pound fell yesterday following the Bank of England’s decision to raise UK interest rates by 50 basis points. This brought the rate to 1.75% and was the largest hike in almost 30 years. Sterling has made a…
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The euro weakened against sterling and the dollar yesterday following poor eurozone data. Both PMI and retail sales data fell amid soaring prices. Later today ECB official Frank Elderson will speak and markets will be listening for any…
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This morning the pound is still strong against the euro and has strengthened slightly against the dollar. The Bank of England’s latest interest rate decision will be released this afternoon and we could see the largest single hike…
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