Pound supported by robust data
The pound trended broadly higher over the past couple of weeks as some stronger-than-expected UK data releases bolstered Bank of England (BoE) interest rate expectations.
The pound trended broadly higher over the past couple of weeks as some stronger-than-expected UK data releases bolstered Bank of England (BoE) interest rate expectations.
We can hold onto a dream of a new life for a long time. Adriana has been carrying an image of her home in Spain with her for many years. She recently found that home in Mijas. Read her story.
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.
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.
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.
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 the euro and dent the US dollar – Central bank dynamics have driven the currency markets over the last fortnight.
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.
Everyone I talk to seems to be saying the same thing – 2022 was a year of big changes and a year that flew by in a flash. As we get more stuck into our routines, its good to think about doing something slightly different
A slowdown in US inflation hammered the US dollar over the past two weeks, while prompting a risk-on rally in markets. However, downbeat economic and geopolitical news caused some turbulence.