The US Dollar Fights Back!
Currency Exchange Rates Update Two weeks ago, the pound was trading at its highest level against the US Dollar since April 2022. What a difference a fortnight makes! Last week it hit a 7-week low. It’s not alone. As recently as 7 May, the Euro was trading at its highest level against the US Dollar […]
Up, Up, And Away
Currency Exchange Rate Update The Pound Sterling was the best performing major currency of the first quarter of 2023. Up against 80% of the world’s currencies and has on average risen in value by 4.75% so far in 2023. In the first week of May, it has just got better and better, hitting: – What’s […]
Are There Better Times Ahead For The UK?
This week’s quote is from Sam Walton, founder of Walmart (monthly sales approx $49 billion) “If everybody is doing it one way, there’s a good chance you can find your niche by going exactly in the opposite direction”. What’s In The News? Yet another sign that the UK economy is performing better than the experts […]
The Pound Has A Spring In its Step
This week’s quote is from Lord Northcliffe “News is what somebody somewhere wants to suppress; all the rest is advertising.” What Is In The News? The UK economy continues to defy the ‘doom-mongers’. The Bank of England (BoE) reported that 43,536 mortgages were approved in February, up from 39,647 in January. It’s also well above […]
Watch Out For Budget Day
An interesting start to the month just got more interesting despite all the ‘doom and gloom’ from the main-stream media as the Pound gained over 1% in value against the Euro and over 1.5% against the US Dollar in the last 3 days. Against the Aussie Dollar, the Pound has hit its highest level since […]
One Year On…
Introduction So much has happened in the news in the last 12 months. But for me, Putin invading the Ukraine on the 24th February 2022 is a sobering anniversary! Pound Sterling News The UK narrowly avoided slipping into a recession in the second half of 2022. For the whole year, the UK economy grew by […]
The Pound Is At A February High
The Pound Sterling News The first half of February saw the Pound drop to a 4-month low against the Euro on the 5th February, a 4-week low against the US Dollar on the 7th February and its lowest level against the Aussie Dollar on the 2nd February since last September before recovering to register a February high against […]
2022 – What A Year!
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 […]
Oh My! Where Are Interest Rates Going?
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 […]
The Pound Is Doing Well…
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 […]