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Last week saw GBP continue to perform badly for the majority of the week, closing in negative territory on Friday. Central bank policy divergence and geopolitical risks were the main themes of the week. This led to investors backing USD, as we saw flows to the safe haven, which left…
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Pressured by Ukraine Concerns The Euro faced notable headwinds this week, linked to uncertainty over Russia’s next moves in Ukraine. A…
Will GBP bounce off the support level? For the second day in a row, GBP remained in negative territory but managed to hold above the support level of 1.2000. Geopolitical tensions with Ukraine and Fed-BoE policy divergence keeps investors cautious. In the UK, James Cleverly – British Foreign Secretary –…
EUR / USD The German IFO index edged higher to 91.1 for February from a revised 90.1 the previous month, but slightly below consensus forecasts of 91.4. Although there was a significant increase in the expectations index, this was offset by a small decline in the current conditions component. The…
Data Today 22/02/2023 EUR – German Inflation Rate YoY (Jan) USD – FOMC Minutes USD – Fed Williams Speech Yesterday was driven by the releases of S&P Global’s Manufacturing PMI survey for the Eurozone, US and UK. The ultimate winner was the UK with GBP strengthening across the board following…
Data Today 21/0/2023 EUR – ZEW Economic Sentiment Index (FEB) EUR/USD/GBP – S&P Global Manufacturing PMI Flash (FEB) EUR/USD/GBP – S&P Global Services PMI Flash (FEB) Global risk sentiment cools off ahead of PMI releases Due to the US bank holiday on Monday, we saw a relatively quiet market…
The week ahead 21/02/2023 EUR – ZEW Economic Sentiment Index (FEB) 22/02/2023 EUR – German Inflation Rate YoY USD – FOMC Minutes 23/02/2023 EUR – Core Inflation Rate YoY USD – GDP Growth Rate QoQ 2nd Est 24/02/2023 EUR – German GDP Growth Rate YoY EUR – German GfK…
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Finds Mixed Success amid Economic Hopes A new report from the European Commission gave the single currency a lift at the…
With no major UK data released risk conditions and future rate paths directed the Pound. After the last inflation data release there were further expectations that the Bank of England would adopt a more dovish policy stance. Sterling dipped below 1.2000 against the dollar as the dollar strengthened and equities…
SMEs in the UK have experienced an unprecedented level of change over the past three years. Taking hits from the UK’s exit from the EU (BREXIT), and the Covid-19 pandemic, which both led to supply chain disruption, loss of income, disrupted trading, and even business closures. Although many are fast…