Sterling enjoyed a solid week last week, touching its highest levels against the euro for 18 months in quiet trading before retreating on Friday as speculators took their profits. It was helped higher by a solid rebound in Gross Domestic Product which encouraged thoughts of the economy returning to pre-pandemic levels before the year is […]
Currency exchange news 16th August 2021 Read More »
As expected, two events dominated the market’s last week, the monthly meeting of the Bank of England’s Monetary Policy Committee and the employment reports from the US. The Bank was moderately hawkish and is now firmly in the camp of central banks looking to tighten sooner rather than later. As expected, sterling gained against the
Currency Exchange News 9th August 2021 Read More »
Last week, the dollar put in its worst performance this year after the Federal Reserve meeting was perceived as less hawkish than analysts predicted. In actual fact, the Fed did say that “progress” was being made towards normalisation, but in a relatively quiet market, traders ignored the subtleties of language and decided to sell dollars.
Currency exchange news this week Read More »
The currency markets had a quiet time last week, which is hardly surprising as we approach the peak summer holiday period. Ranges continue to get narrower, and volumes continue to decline. There were, however, some interesting developments, not least from the Bank of England. After both the Royal Bank of New Zealand and the Bank
This weeks currency exchange news – 19th July 2021 Read More »
