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 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 […]
Currency Market Chaos
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
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 […]