New Month Forecasts for Pound Sterling

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....
BoE raises rates by 25bps.

BoE raises rates by 25bps.

Last week was pretty jam-packed as far as announcements were concerned with the Fed and the BoE both raising interest rates by 25bps. For both central banks, it is still unclear what the forward guidance is- but with inflation still being an issue I would still not...
ECB Rate decision this week.

ECB Rate decision this week.

Last Friday we saw the first major bank failure since 2008 when the Silicon Valley Bank was closed by Regulators- the long and short of the issues with the bank was overexposure to the tech sector and big investments in 10-year treasuries which have been hindered by...
Sterling weakens alongside global equities.

Sterling weakens alongside global equities.

After quite an eventful week on the markets with GBPEUR reaching 1.14 and then retreating back to 1.1320 by Friday’s close and GBPUSD hitting above 1.21 before settling at 1.20- we have a pretty data-packed week ahead which should present opportunities for those...