Euro strengthened by ECB rate hike bets
The past couple of weeks have seen the Euro broadly strengthen after the European Central Bank (ECB) signalled plans for an imminent interest rate hike.
Economic uncertainty continues, denting the US dollar
Economic uncertainty continues, denting the US dollar
Pound collapses on bleak BoE economic forecasts
Shifting central bank rate hike expectations have infused the currency market with considerable volatility over the past couple of weeks.
During this time, we’ve seen GBP/EUR plunge from €1.19 and €1.16, whilst EUR/GBP climbed from £0.83 to £0.85
War in Ukraine rocks currency markets
The currency market has been infused with some notable volatility over the past couple of weeks, following Russia’s invasion of Ukraine.
Euro turbocharged by ECB’s surprisingly hawkish shift
Central bank policy speculation has been a key driver of currency movement over the past couple of weeks and had infused the FX market with some notable volatility.
Pound recovers on renewed BoE rate hike bets
Pound recovers on renewed BoE rate hike bets GBP exchange rates rebounded over the last fortnight as traders began to price in a rate hike at the Bank of England’s (BoE) meeting next month. GBP/EUR surged from below €1.17 up to a 21-month high of over €1.19, while EUR/GBP tumbled from near £0.86 to £0.84. …
Pound fluctuates on mixed data and bets for a BoE rate hike
Pound fluctuates on mixed data and bets for a BoE rate hike GBP exchange rates fluctuated through the second half of October amid mixed economic data, Brexit tensions, and expectations of an imminent Bank of England (BoE) rate hike. GBP/EUR wavered between €1.19 and €1.18, trending sideways overall, while EUR/GBP traded between £0.84 and …
Pound fluctuates on mixed data and bets for a BoE rate hike Read More »
BoE rate hike speculation underpins the pound
BoE rate hike speculation underpins the pound The pound enjoyed some notable support through the first half of October, as GBP investors begin to price in the possibility of a Bank of England (BoE) rate hike by the end of the year. This has seen GBP/EUR rally from 1.16 to 1.18, whilst pushing EUR/GBP …
Pound fluctuates as UK economic recovery slows
Latest currency news GBP exchange rates struggled over the last fortnight as the UK supply chain and energy crises caused significant disruption. GBP/EUR fluctuated between €1.17 and €1.16, bouncing off a two-month low, while EUR/GBP wavered between £0.85 and £0.86. GBP/USD fell from $1.37 to $1.34, before regaining the $1.35 mark, while EUR/USD dropped …
Cautious trade infuses volatility into the currency market
We have seen investors favour the US dollar at the expense of the pound and euro over the past couple of weeks, amidst souring market sentiment and the growing divergence in central bank policy. This has seen GBP/EUR climb from 1.16 to 1.17, whilst pushing EUR/GBP lower to 0.85. Meanwhile, GBP/USD has retreated from 1.38 …
Cautious trade infuses volatility into the currency market Read More »