Sterling ends first week of 2023 on a high.

Sterling ends first week of 2023 on a high.

We had an interesting first week back on the market with pretty limited data releases and Sterling exchange rates having both strong and weak days against the Euro and Dollar. The main focus for the week was U.S Employment and Non Farm Payrolls- which showed 223k jobs...
Big week for Central Banks.

Big week for Central Banks.

The last week has been quite supportive for Sterling exchange rates with GBPEUR trading between 1.16-1.17 and GBPUSD trading between 1.22-1.23. This has been for various reasons, one of which has been the beginning of the Fed pivot on interest rates and the sudden...
Sterling ends first week of 2023 on a high.

GBP Gains against Euro and Dollar

Last week took an unexpected turn when U.S CPI came in slightly lower than expected at 6.3% (Expected at 6.5%), we instantly saw the market breathe a big sigh of relief as stocks and risk assets went up- as I have mentioned before, GBPUSD is a risk currency pair so...
Bank of England sends Sterling lower.

Bank of England sends Sterling lower.

Last week was full of Central Bank announcements with the Fed raising rates by 75bps and the Bank of England following suit on Thursday. As always, what matters more than the actual rate decisions themselves is the commentary around it- the Fed seems to have signaled...
The Fed & BoE set to raise rates this week.

The Fed & BoE set to raise rates this week.

Sterling exchange rates have been performing relatively well over the last week since Rishi Sunak was made Prime Minister- we have seen GBPEUR hit 1.1650 and GBPUSD hit 1.1613. The markets seem to currently have confidence in PM Rishi Sunak (For now), however, there...
Another UK Prime Minister gone… Time for Rishi Sunak?

Another UK Prime Minister gone… Time for Rishi Sunak?

Well, it really happened. PM Liz Truss resigned from her post on Thursday after an astonishing 4 weeks on the job, it was clear that the markets were happy with this outcome with Sterling actually rising following the resignation on Thursday, and staying higher...
Another UK Prime Minister gone… Time for Rishi Sunak?

Truss fails to calm the markets.

We had a very eventful end to last week with Chancellor Kwasi Kwarteng sacked and replaced by Jeremy Hunt. This came off the back of the BoE refusing to intervene further in the markets and halt it’s GILT purchases. PM Liz Truss held a press conference to calm...