The latest insights into the ups and downs of the currency exchange rates.
Time flies. One minute we’re all celebrating the festive season and the new year and then in a flash (or at least that is how it feels to me) the first month of 2023 is all but over. This week promises to provide a very lively end to January and an even livelier start to …
It’s been a nervy start to 2023 for the Pound Sterling. In the first fortnight of the year, the Pound rose by 1.3% against the Euro. In the first 9 days of the year before falling right back to where it started. Against the US Dollar, the Pound has fared better. In the first 5 …
The Value Of The Pound Against Its Main Competitors Read More »
I have worked through some momentous changes since starting out in the City of London in 1985 including Chernobyl; the fall of the Berlin Wall; Mandela’s release from prison; the Gulf War; German reunification; the collapse of the Soviet Union; the dot.com crash; 9/11; 7/7; the collapse of Lehman Brothers and subsequent credit crunch; the …
As we approach mid-month, we ask ourselves ‘where are interest rates going?’ The Pound is up over 4.5% since the September low when on the 26th it hit its lowest level since January 2021 but is level pegging from this time last year against the Euro. Against the US Dollar, the Pound is still over …
All Things Considered; the Pound is doing rather well. The Pound enters the last week of November at: – It’s All About Perspective Given where we are economically in the UK with the Bank of England warning the UK is facing its longest recession on record at two years which could nearly knock 3% off …
The volatility in the currency markets continues amid inflation and recession concerns with the Pound starting the month at a 2-month high against the Euro, then dropping over 3% in the first 9 days of November but has since recovered one-third of the loss. Against the Dollar, the Pound had a much better first half …
The Currency Markets Do Provide An Immediate International Perspective Read More »
The 20-day moving average of JPMorgan’s Global FX Volatility Index hit its highest level this month since January 2012. When you consider some of the events that have happened over the last decade including: the eurozone debt crisis; the Brexit vote and aftermath; Trump’s election victory in 2016 and loss in 2020; the Covid pandemic …
I think historians are going to have a field day in years and perhaps decades to come when they come to write on the events of this last week in British politics. Did we really live through a week where a government with a 69-seat parliamentary majority completely lost its way? Including seeing a British …
The last week of September must rank up there in terms of sheer currency market chaos and volatility since I started working in the financial markets in 1985. As the ever negative British main-stream media never tire of telling us… The Pound opened last week at some historic lows against its main currency market competitors: …
Pound Falls To 37-Year Low As the pound falls to its lowest level against the Euro since early February 2021 the markets closed in solemn mood. Following the release of the worst UK retail sales figures year-to-date it hits a fresh 37-year low against the Dollar. Even despite the ONS (Office for National Statistics) reporting …