Euro strikes parity with the US dollar
The past couple of weeks have seen the euro face significant pressure amid fears of an impending Eurozone recession.
The past couple of weeks have seen the euro face significant pressure amid fears of an impending Eurozone recession.
Fears of a looming global recession have acted as a key catalyst of movement in the currency market over the past couple of week, leading to investors favouring safe-haven assets.
Trade in the currency market has been erratic through the first half of June following the European Central Bank’s (ECB), Federal Reserve’s and Bank of England’s (BoE) latest interest rate decisions.
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.
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
The currency market has been infused with some notable volatility over the past couple of weeks, following Russia’s invasion of Ukraine.
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 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 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 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 …