Daily News
USD Strength, Euro Resilience, and Pound Vulnerability.
USD: Rate cut expectations by the Federal Reserve are fading due to strong inflation and economic data, bolstering the dollar and prompting other central banks to rethink policies. EUR: Despite...
BoE Caution, USD Strength, ECB Dilemma.
Bank of England cautious about cutting interest rates, waiting for data alignment. GBP held up well against USD in Q1 due to higher UK inflation. Mixed recent data, including stagnant...
Pound Gains Momentum, Dollar Holds Firm, Euro Shows….
Pound Sterling (GBP) gained slightly against Euro (EUR) and U.S. Dollar (USD) after UK inflation data release. GBP/USD traded at 1.2440, up from 1.2420, while GBP/EUR stood at 1.1720, compared...
GBP Struggles Amid Labor Market Data, ECB and….
GBP weakens as UK labor market cools, with a notable rise in unemployment and job losses reported by ONS. BoE may consider earlier interest rate cuts to address economic uncertainty...
Insights
Central FX Monthly Insights – April 2024.
Please enjoy our April 2024 edition of Monthly Insights with our Head of Dealing - Tom Foster [video width="594" height="842" mp4="https://centralfx.co.uk/wp-content/uploads/Currency-Outlook-Video-April-2024.mp4"][/video]
GBPEUR: March Overview & April Outlook.
GBP-EUR Exchange Rate Falls to Nine-Week Low in March The GBP/EUR exchange rate traded sideways in the 1.16 range at the start of the month, despite warmer-than-forecast Eurozone inflation data…
GBPUSD: March Overview & April Outlook.
GBP-USD Exchange Rate Touches Seven-Month High in March The GBP/USD exchange rate began to firm on 4 March – testing 1.27 – as Federal Reserve interest rate bets were stoked…
GBPEUR: January Overview & February Outlook.
GBP-EUR Exchange Rate Hits Six-Month High in January The GBP-EUR exchange rate stumbled into 2024, briefly dipping below 1.15 after the UK’s latest manufacturing PMI printed below expectations, in contrast…
GBPUSD: January Overview & February Outlook.
GBP-USD Exchange Rate Posts Slight Loss During Turbulent January Having treaded water into the new year, the GBP-USD exchange rate plunged lower on 2 January. The pound’s increasingly risk-sensitive nature…
Currency Market Review.
Bank of England Reports Published in January 2024 Latest results from the Decision Maker Panel survey – 2023 Q4 – Read the report The Decision Maker Panel (DMP) is a…
Currency Market Review.
Bank of England Reports Published in December 2023 Latest results from the Decision Maker Panel survey – 2023 Q4 – Read the report The Decision Maker Panel (DMP) is a…
GBPUSD: 2023 Overview & 2024 Outlook.
GBP-USD Exchange Rate Review: 2023 The GBP-USD exchange rate strengthened 5.6% in the first half of 2023, before experiencing downward pressure. A resurgent fourth quarter helped the pound to post…
GBPEUR: 2023 Overview & 2024 Outlook.
GBP-EUR Exchange Rate Review: 2023 On balance, the pound has achieved upward momentum against the euro in 2023 despite a volatile period for the GBP-EUR pair. The pound slumped to…
GBPEUR: November Overview & December Outlook.
GBP-EUR Exchange Recovers from Six-month Low in November The GBP-EUR pair stumbled below the 1.15 level at the start of the month following news that the Bank of England (BoE)…