by Charles Purdy | Feb 3, 2023
It’s been a torrid week for sterling, losing across the board by between 1 and 2.5% against major rivals. The news has been almost universally bad. The Bank of England’s deputy governor commented that Brexit was damaging the UK economy as expected but more quickly...
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by Charles Purdy | Feb 3, 2023
Global stocks rose yesterday as the markets reacted to hopes that inflation is beginning to slow and that central banks are about to take their foot off the pedal on interest rate rises, if not going into reverse just yet. The Nasdaq in the US climbed by 3.5% and the...
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by Christopher Nye | Feb 2, 2023
All eyes were on the dollar in the lead up to the FOMC’s meeting yesterday as analysts expected volatility. In particular, declines were expected across EUR/USD, GBP/USD and USD/JPY. This morning the dollar made weekly gains against sterling however, against the euro...
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by Christopher Nye | Feb 2, 2023
Euro-watchers will be on standby for volatility over the course of this morning following the Fed’s decision yesterday, and in the run up to the ECB’s and BoE’s this afternoon. There are also important eurozone data releases including Germany’s balance of trade and...
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by Christopher Nye | Feb 2, 2023
In its last meeting, the Bank of England voted by a majority of 6-3 to raise interest rates by 50 basis points to 3.5%, which pushed borrowing costs to their highest level since late-2008. The bank’s monetary policy committee agreed that, if the outlook pointed to...
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