Interesting Times For The Pound…
Currency Exchange Rates Update… June has been an excellent month for the Pound Sterling so far. The Pound has risen to hit its highest level against the Euro since August 2022. That’s its highest level against the US Dollar since April 2022. What’s In The News? Interest rate differentials are currently dominating the currency exchange […]
Pound On A High
The Pound has started the new month of June very nicely, at a 2023 high against the Euro. It’s up over 3.5% on the year to date against the single currency. Against the US Dollar, the Pound hit a 2-week high last week and is up 4.9% so far this year. It’s even better against […]
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 […]
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 Value Of The Pound Against Its Main Competitors
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 […]
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 […]
The Currency Markets Do Provide An Immediate International Perspective
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 […]
So Where Does The Pound Go From Here?
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 […]