BoE rate hike speculation rocks the pound
Trade in the pound has been highly changeable over the past couple of weeks as Bank of England (BoE) interest rate speculation has proven to be a double-edged sword for the currency.
Currency News
USD exchange rates surge amid US debt ceiling jitters
The US dollar enjoyed strong support through the second half of May, with the safe-haven currency being propelled to multi-month highs amid a prevailing risk-off mood.
EUR/USD strikes one-year high
EUR/USD strikes one-year high amid persistent US dollar selling pressure. Movement in the currency market was characterised by notable US dollar weakness in the first half of April
Easing banking sector woes returns stability to the currency market
After a chaotic start to the month amid a crisis in the banking sector, the currency market stabilised in the second half of March as contagion fears eased.
Currency markets rocked by banking sector crisis
A crisis in the banking sector infused considerable volatility into the currency market over the past couple of weeks.
Fluctuating interest rate expectations stoke currency volatility
The past couple of weeks have seen movement in the currency market grow increasingly volatile amid frequent repricing of central bank interest rate expectations.
Central bank policy bets boost Euro and dent USD
Central bank policy bets boost the euro and dent the US dollar – Central bank dynamics have driven the currency markets over the last fortnight.
USD returns to strength at start of 2023
After ending 2022 on the back foot, the US dollar starts 2023 with a bang. Soaring more than 1% as currency markets reopened after the new year.
UK Fiscal and Political Uncertainty rock the GBP
The pound continued to trade with considerable volatility over the past fortnight amid fiscal and political uncertainty in the UK.