Fed hikes interest rate by 75 basis points with key BoE meeting looming

Yesterday evening the US federal reserve raised interest rates by 75 basis points. Raising the policy rate from 2.5% to 3.25%. This is the third 75 basis point hike in as many meetings by the Fed, highlighting again their intention to take a strong stance on inflation levels that have spiralled out of control. "The committee is strongly committed to returning inflation to its 2% objective," the Fed said in a statement. Markets now expect US interest rates to finish the year above 4%. For...
GBP EUR Could Head Lower After Growth Revisions

Three Key Events in a Vital 72 hours for GBPEUR and GBPUSD Exchange Rates

The beginning of this week in the UK was very sombre with Her Majesty’s funeral and a UK Bank Holiday. This meant UK markets were shut, and ensured a fairly sleepy start to the week from a currency perspective, with sterling still nestling in the doldrums following the poor Retail Sales data from last week. The rest of this week looks far from calm however, with three key events that could trigger market movements for the pound, US dollar, Euro and many other currencies. The...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Sterling exchange rates continue to slide – How low can the pound go?

Sterling exchange rates have seen further losses against both Euro and Dollar over the course of the trading week, as investors and speculators alike have made it clear there is a lack of confidence in the Pound at present. With the cost of living crisis bearing down on the UK economy and a prolonged recession on the cards we have started to witness a move away from the pound and it appears that it is being treated much more like a riskier currency rather than...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

Pound to Dollar Rates Boosted by Infection Rate Optimism

In the absence of notable economic data or comments from monetary policymakers in the UK yesterday, investors were focused on the race between the vaccine rollout and the spreading Covid-19 virus. Having slipped lower against the dollar on Wednesday – when the UK recorded its biggest daily death figure since the start of the pandemic – the pound was propelled to within touching distance of the 1.37 barrier on Thursday. The pair was helped on its way by reports that the Covid-19 growth rate...
Pound to US Dollar Exchange Rate Rebounds as Boris Heads to Brussels to Break Brexit Deadlock

Pound to Euro: Sterling Strength as Brexit Talks Resume

The pound has started the week off well and truly on the front foot against all major currencies; sterling has seen the biggest daily jump against euro for two months, with interbank levels for pound to euro sat above 1.1250 at the time of writing. With a market move of over 0.85% during yesterday’s trading those that have been waiting for the moment to secure a euro purchase will have had a promising day, but what could we see happen next for sterling exchange...
GBP EUR Higher After French Economy Shrinks

Why is the Pound to Euro Rate Falling? Will it Continue?

U.K jobless claims were released in early morning trading today, much like many economic data releases the figures were posted at an earlier than usual 07:00, we normally would see a release such as this out at 09:30. The figures, as expected were not particularly great reading for the U.K economy however there was a slight surprise in the fact that the official unemployment rate came in at 3.9% as opposed to the 4.3% which had been expected. This news shows that employment was at a...
GBP to CHF remains buoyant at higher levels over the week

GBP to CHF remains buoyant at higher levels over the week

Yesterday, we saw the pound to Swiss franc interbank exchange rate range between a high of 1.2118 and a low of 1.2059. Gilead Sciences have announced that they may have made an antiviral medicine to treat COVID-19, which gave confidence and much needed support to the global markets. According to a medical news website STAT, patients on clinical trials have seen people affected with the Coronavirus are released within a week. If it approved by the Food and Drug Administration in the United States, it...
GBP to CHF Rate: Sterling Supported Against the Swiss Franc as Boris Johnson's Health Improves

GBP to CHF Rate: Sterling Supported Against the Swiss Franc as Boris Johnson’s Health...

The GBP to CHF interbank exchange rate today has been ranging between 1.2017 and 1.2092. The pound looks supportive today on the back that Prime Minister Boris Johnson, is on the road to recovery from Covid-19. Swiss Economy Expected to Shrink Possible 10% Switzerland has had over 23,000 cases of the Coronavirus that has had a negative impact on their economy with current expectations that their economy could shrink as much at 10%. Many industries in Switzerland have been affected including the manufacturing and industrial...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBPCHF exchange rates remained volatile during yesterday’s trading, with the currency pairing reaching its highest levels in over two weeks during the course of the day. The economic and social impact of the Coronavirus pandemic continue to be the main driver behind exchange rate movement, and this is likely to continue as economic data releases from around the globe highlight the detrimental impact of the spread of the virus. Swiss Manufacturing Output Drops to Lowest Levels Since 2009 Data released from Switzerland yesterday pointed to a...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

The pound continued to strengthen against the Swiss franc yesterday following the news that the UK’s current lockdown situation appears to be slowing the spread of COVID-19, causing a 0.85% movement in GBPCHF exchange rates throughout the day. Scientists at the London School of Hygiene & Tropical Medicine questioned 1,300 people in the UK in an online study, which found that the average number of daily contacts was down 70% now compared to before the country went into lockdown and social distancing measures were...