by Charles Purdy | Jul 25, 2023
The week started with a burst of activity in the markets yesterday morning as PMI data arrived from different parts of the world, sending sterling in different directions. First, German and French PMI was deeply disappointing, especially in manufacturing, which...
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by Charles Purdy | Jul 24, 2023
Sterling has launched into the week on the upswing, rising by close to 0.5% in minutes. It’s probably down to German economic data just out. You can lock that in with a forward contract, with a call to your trader on 020 8108 5163. This morning we’ll be seeing...
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by Julian Benson | Jul 24, 2023
The pound starts this week relatively unchanged from Friday against its major rivals after UK inflation figures caused it to fall. Compared to last Monday, GBP/USD is trading 1.75% lower and GBP/EUR is close to 0.5% lower. However, this morning’s reports have...
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by Julian Benson | Jul 24, 2023
On Wednesday evening (UK time) the Federal Reserve is expected to hike interest rates 25 basis points from 5.25% to 5.5%. This comes following the FOMC’s decision to leave rates unchanged in June. For more on currencies and currency risk management strategies, please...
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by Julian Benson | Jul 24, 2023
This Thursday, policymakers from the European Central Bank will announce the latest interest rate for the Euro Area. Markets expect a 25-basis point rise, which would take the rate to 4.25%. However, Tuesday brings Germany’s Ifo business climate and Thursday brings...
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