GBPEUR Higher after UK Inflation data.

GBPEUR Higher after UK Inflation data.

The last week was pretty volatile for markets- with traders now pricing in more BoE hikes this year (Expected to reach 5.5%) following inflation data showing no sign of cooling yet. Naturally, this helped push the GBPEUR rate higher into the 1.15 area- but...
Another big week for central banks.

Another big week for central banks.

With just a 4 day week ahead of us in the UK before the King’s Coronation, we have a relatively volatile week on the cards with Central Banks as the key focus- which could present some great opportunities for those buying and selling Sterling. First of all, on...
Weak UK Retail sales to end the week.

Weak UK Retail sales to end the week.

Last week we saw the Pound weaken slightly after disappointing retail sales figures- this was also coupled with Deputy Prime Minister Dominic Raab’s resignation. Most of the drop in retail sales seems to have come from food (Which is where a lot of the inflation...
Another big week for central banks.

Dollar regains ground and GBPEUR slips to 1.12.

After a disappointing retail sales release from the U.S on Friday, we saw the markets very quickly jump into positions on the Dollar- GBPUSD fell from 1.25 down to 1.24, EURUSD from 1.10 down to 1.09, and GBPEUR from 1.1370 down to 1.1280. So why did the Dollar...
GBPEUR Higher after UK Inflation data.

New Month Forecasts for Pound Sterling

Overall, the month of March was quite supportive for Sterling with GBPEUR closing the month at 1.1370 and GBPUSD closing at 1.2320. With positive GDP for the UK and a relatively stable budget, there weren’t too many surprises for Sterling sellers over the month....