Category: Currency

Market Stability Following Labour’s Victory

The UK financial markets have shown remarkable stability following Labour’s landslide victory in the snap election called by Rishi Sunak. Labour’s win has bolstered investor confidence, with UK stocks, bonds, and sterling all seeing gains. Since late May, the pound has been the only G10 cu... Read more

MPC Maintain the status quo…for now

On the 21st March the Bank of England’s Monetary Policy Committee (MPC) surprised no one by holding interest rates at 5.25% for the fifth time in a row, with eight of nine committee members voting to leave rates unchanged in March.  Despite maintaining the current status quo Andrew Bailey, ... Read more

FX Update; Predicting the Pound’s (£’s) performance in 2023

Having fallen against the US Dollar since Q2 2022, the Pound has recently touched fresh highs against both the Euro, US Dollar and many other global trading currencies, raising the question; will the Pound continue to rise from its October lows, when it flirted with Euro and D... Read more

FX update: The challenges and opportunities of a weak pound

The weakening pound creates winners and losers in international trade, with UK exporters, manufacturers and popular brands looking cheap to overseas buyers, while importers face higher input costs, which adds to the UK’s inflationary cycle. Despite the pound rising to $1.14 - after falling t... Read more

Pressure on the Pound (£) continues as FX markets slump

Sterling's sensitivity to global stock markets has it struggling against the Euro and Dollar and stabilisation in global market conditions, to stop the continued August falls, is unlikely in the short term, it is predicted. The Pound slumped sharply against both currencies as fears o... Read more

Falling pound (£) adds costs for imports

Rapidly rising inflation, the cost of living crisis, plunging consumer confidence and rapidly cooling business activity have contributed to the pound sterling’s fall to new lows, which has effectively added a further 5% inflation to the cost of imported goods. The Bank of England and US Fede... Read more