Archive for: May, 2018

Weekly Market Update

Post date: 25/05/2018 16:00 GBP The pound has struggled yet again this week due to CPI data on Wednesday failing to beat or come out in line with expectations. Inflation data has been a real burden to the pound for some time now and is really struggling against the dollar. Fortunately it is holding its…

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Weekly Market Update

Post date: 22/05/2018 16:00 GBP After the news broke that the Bank of England are keeping interest rates on hold yet again with a 7-2 split in favour of keeping rates the same, sterling fell across the board. Although we have yet to find a solution, the period of certainty going forward has meant that…

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Weekly Market Update

Post date: 11/05/2018 16:00 GBP Sterling struggled following the Bank of England interest rate decision yesterday but has made a very small recovery since. GBP exchange rates fell against all major currencies yesterday after the slightly more dovish commentary coming from Mark Carney. Although interest rates were held at 0.5% as widely expected, the pound…

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Weekly Market Update

Post date: 04/05/2018 16:00 GBP Just two weeks ago an interest rate hike in the UK looked certain. Polls previously showed a 90% chance of a hike whereas now they are only showing a 25% chance. The reason for this being the recent bad inflation figures and GDP only expanding by just 0.1% quarter on…

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