Tuesday, December 5th 2023

Money & Finance

Euro Update – 28 November 2023

GBP The biggest news of the week came from the Autumn Statement on Wednesday 22nd November. The government’s announcement didn’t significantly impact the pound (it fell 0.6% against the dollar

Euro Update – 21 November 2023

GBP GBP/EUR ranged has in the 1.14-1.1450 area in the last few weeks with little signs of changing substantially. While GBP/USD is sitting at around 1.24. Rishi Sunak began his

Euro Update – 24 October 2023

A pause from the ECB and BoC? GBP Further evidence of sticky UK inflation could give the BoE cause for concern after headline Consumer Price Inflation (CPI) held firmly at

Euro Update – 17 October 2023

GBP According to the ONS, the UK economy expanded by 0.2% during August, at the same time revising July’s drop lower from -0.5 to -0.6%. Helping to drive the recent

Euro Update – 10 October 2023

GBP Incoming UK economic data has broadly surpassed estimates of late. Growth exceeded expectations, with quarterly GDP rising by 0.6% during Q2 on an annual basis. Furthermore, the latest ISM

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Euro Update – 26 September 2023

GBP The Bank of England (BoE) surprised some (but not all) with their decision to maintain UK rates at 5.25% this week. The move marked the first pause in rate


01092023 GBPEUR Weekly

GBP The pound found some support throughout the week, with GBP/USD rising from a low of 1.2550 to push back over 1.2750 before moderating somewhat. The path forward is likely


Moneycorp update

Downbeat UK Retail Sales Poor UK Retail Sales figures were released this morning, falling from +0.6% in June to -1.2%, significantly lower than the -0.5% forecast. July's wet weather is

Currency Update – 7 August 2023

GBP The Bank of England yesterday hiked UK interest rates by a further 25bps to 5.25%, pushing borrowing costs to their highest level for 15years. Leading into the meeting, analysts

Currency Update – 1 August 2023

GBP The Bank of England are fully expected to follow the likes of the Fed and ECB and raise UK interest rates by another 25bps next week, despite the recent