Currency exchange rates and news for 25th October The Bank of England has been unusually verbose recently, with both Andrew Bailey and Huw Pill talking openly about their fears over rising inflation’s levels over the winter months. The markets have taken them at the word, and a move upwards in the UK’s Base rate is […]
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Last week was, to borrow a phrase from football, a game of two halves. The first half was dominated by the price movements in the gas and oil markets and the Conservative Party conference, the second half by speculation over the latest US employment data. The volatility in the gas markets has been extraordinary and […]
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Last week the markets were overshadowed by the events unfolding in Kabul and across Afghanistan. With chaos seemingly engulfing the country, investors turned tail from riskier assets and sought the safe haven of the dollar. This change in sentiment pushed sterling down almost 1.5% whilst the euro to its lowest level for nearly a year. […]
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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. […]
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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 […]
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