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.
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.
The pound continued to trade with considerable volatility over the past fortnight amid fiscal and political uncertainty in the UK.
Meeting her future husband at the wedding in the UK and throwing a dare into the conversation about moving to Spain brought Carrie Frais back to Spain. We talk about MumAbroad, the website she co-created and #LivingtheDream – the challenges that life overseas might throw at you.