A Turbulent Start To 2024
2024 has started in turbulent fashion. Everywhere you look, in whatever context, we are living in turbulent times. Turbulent weather, a turbulent economy, a turbulent political outlook and escalating military action now in the Ukraine, Gaza, the Red Sea, Yemen and on the border between Pakistan and Iran. This turbulence should keep the currency markets […]
2024, An Election Year
What a political year 2024 promises to be, a year with not only the UK Election but a year full of key elections throughout the globe. In the UK, the next general election needs to be held before the 28th of January 2025. The next US Presidential elections are due to be held on the […]
Fed Plays Santa ClausÂ
The Fed went and did it. Fed Chair Jerome Powell should have worn full Santa Claus garb for last Wednesday’s announcement that the Fed is pencilling in up to three interest rate cuts in 2024. Which sparked off a stock market bonanza that led various indices, in the US and around the globe hit all-time […]
Best Performing Currency Of The Year…
Currency Exchange Rates Update The Pound was the best performing G10 currency in the first half of 2023. It’s now in a race against the Swiss Franc to finish the year in first place. Last week, the Pound performed well. Hitting a 12-week high against the Euro. A 13-week high against the US Dollar and […]
Can Hunt Deliver A Package For The UK?
With the Tories so far behind in every opinion poll, can Hunt deliver a package for the UK that pleases both the voting public and turn around this governmentâs political fortunes and the watching financial markets. Chancellor Jeremy Hunt will deliver his much-anticipated Autumn statement on Wednesday, 22 November at around 12.30 pm. The big […]
Is This The End Of Interest Rate Increases?
Is this the end of interest rate increases in the UK, USA and the European Union? For the first time since late 2021, the Bank of England (BoE), Federal Reserve (Fed) and the European Central Bank (ECB) have all left interest rates on hold. Leaving rates at their highest level since the financial crisis of […]
Recession, Inflation & Economic Realities: What Jamie Dimon’s Warning Means For The UK & Beyond
Jamie Dimon, chief executive of JP Morgan, said the early 2020s were shaping up to be âthe most dangerous time the world has seen in decadesâ. Dimon cited geopolitical tensions, extremely high government debt levels and the unknown longer-term consequences of quantitative tightening in reducing liquidity. Dimon warned âThe war in Ukraine compounded by last […]
No K.O. For The Pound
Currency Exchange Rates Update The Pound was the best performing major currency in the first half of 2023. However, things took a downward turn with September being the worst month of the year to date for the pound. Providing an opportunity for currency sellers to take advantage of much better recent rates despite plenty of […]
Can The Pound Recover From A Dreadful Few Weeks?
Currency Exchange Rates Update The Pound has had a dreadful couple of weeks, losing ground against all of its major currency peers and touching an 18-week low against the Euro and a 26-week low against the US Dollar last week. Whatâs In The News? In The UK… Good news Good news for mortgage payers and […]
Are Interest Rates âNear The Top Of The Cycleâ?
Currency Exchange Rates Update The first half of September has seen the Pound come off its summer highs against its main rivals. Losing 1.4% against the Euro; 2.8% against the US Dollar; 2.5% against the Australian Dollar and 1.9% against the Canadian Dollar. Whatâs In The News? In The UK… The current base rate set […]