Morning all TGIF! Normally a recovery starts on a Monday, however it appears today is the day. The usual format of GBP, EUR and USD sections will resume next week. GBP Very rarely do I put my neck on the line but ...
Morning Update – Bank of Mum & Dad
Morning all Nearly Friday!! GBP I’m sure you’ve all seen the news, the government have had to rely on the Bank of Mum & Dad (Bank of England) to get them out of this rut. Desperate times following the budget, as alluded to ...
Morning Update – Knockout Blow
Morning all Through the worst of the week; well at least we hope so! USD Starting with the flavour of the month. Better than expected data last night in the US has not only cemented why the Dollar is such an attractive investm ...
Morning Update – A Journey To Parity?
Morning all Main focus today is just GBP. It appears most of the news channels have done our job for us this morning…this is the worst GBP has been; ever. They say past performance is not a future indicator – it has never been th ...
Morning Update – Time To Buck The Trend
Morning all Hope you’re well and back to reality following last weeks events. Back to the exchange rates and our back pockets! GBP Midday today, all eyes on the interest rate decision. Chatter of a rise of up to 0.75%, the lar ...
Morning Update – In Liz we Truss
Morning all So Liz in the hot seat. For those of you who are local to Suffolk you’ll see that Theresa Coffey has made it as her right hand woman. To think that she had an office above Tesco’s in Felixstowe only a month ago!!! GBP ...
Morning Update – US Pain??
Morning all Trust that you have had a good Bank Holiday… USD Starting with the topic in hand, is it finally America’s turn to show some weakness? Inflation in the US is really starting to ramp up and Jerome Powell (head of the ...
Morning Update – Unchartered Waters
Morning all Straight into it today… GBPUSD If GBPUSD were a TV programme it would be the Eurovision song contest - the worst recorded tradable rate in over 35 years! Before going into why…if you are USD seller – once you ha ...
Morning Update – Inflation = Desperation
Morning all Hope you’re well and over Monday. GBP Forecasted interest rates to be up to 2.5% by November. Much like the saga last week, most of the movement is focused on the rhetoric after the rate hike. Expect no surprises w ...
Morning Update – Backhanded Bank Of England
Morning all Limped to Friday! Leaving out EUR today, nothing more happening that I haven’t mentioned in the previous updates this week. GBP Yesterday we saw the biggest single interest rate hike since 1995, setting us at 1.75% ...