Sterling exchange rates lower after USD strength.

Euro bounces back amidst ECB Rate Hike rumours

Last week we saw record highs for CPI (Inflation) out of Europe- which has spurred many ECB policymakers to begin making public statements about interest rate hikes, with the first expected in July and another priced in for September (25 bps each time.) With the ECB...
Positive Retail Sales Surprise Boosts Sterling

Positive Retail Sales Surprise Boosts Sterling

After a relatively rough week on the market, Sterling exchange rates got a boost following better than expected retail sales figures out of the UK- with food and fuel sales both higher than the previous month. Many were looking for spending to collapse amidst the...
Sterling to Euro Exchange Rates Rise Following Boris Johnson Resignation

Sterling Underperformance To Begin The Week

Sterling opened on Monday on a softer note with GBPEUR trading around 1.1750-1.18 and GBPUSD trading between 1.22-1.23. Fortunately, a higher close on Monday has given hope for a better Tuesday. Sterling has a few risks surrounding it currently, one of which being...