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GBP: pound at 3-week low ahead of BoE meeting

by | Aug 3, 2023

There remains uncertainty around the magnitude of the Bank of England’s rate increase, as investors are divided between a 25 and 50 basis point hike. A rise of 25 basis points would take the rate to a 15-year high of 5.25%. GBP/USD: the past year 1 Min 5 Min 1 Hr 1...


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Will the pound sway on interest rate decision day?

by | Aug 3, 2023

The pound’s downward spiral continued yesterday and is currently 0.3% and 2.15% worse off against the euro and US dollar, respectively, since Monday. However, the Bank of England’s (BoE’s) interest rate decision at midday today could change it all. For anyone looking...


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Sterling weakens as interest rate doubts rise

by | Aug 2, 2023

Sterling dropped around half a percent against the euro and US dollar yesterday. The prompt was the rising belief among investors that the Bank of England is going to ease up slightly on its interest rate rises, with just an increase to 5.25% rather than 5.50%. Of...


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USD: Up 1% on the Canadian dollar

by | Aug 2, 2023

Yesterday, the US dollar gained 1% against the Canadian dollar as CPI data reported a notable slowdown in Canadian inflation and has continued to strengthen this morning. The US dollar also gained 0.3% on the euro yesterday, although it’s not yet clear what prompted...


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