FX Update 23 March 2023
Things were looking positive for the UK last week as Chancellor Hunt’s budget was well received and the Pound continued to rally of recent lows. The Chancellor’s first budget focussed on getting people back into work and boosting business investment. Alongside this…
FX Update 8 March 2023
The UK economy was given a GDP downgrade by the IMF on Tuesday. Previous estimates expected the UK economy to grow during 2023, however this has now been revised down to a 0.6% contraction. The IMF…
FX Update 15 February 2023
The UK economy was given a GDP downgrade by the IMF on Tuesday. Previous estimates expected the UK economy to grow during 2023, however this has now been revised down to a 0.6% contraction. The IMF…
FX Update 2 February 2023
The UK economy was given a GDP downgrade by the IMF on Tuesday. Previous estimates expected the UK economy to grow during 2023, however this has now been revised down to a 0.6% contraction. The IMF…
Metals Update – 20 Jan 23
Prices slip back from new highs on China worries.
Copper prices fell towards the end of the week as investors worried about weak demand as China, the world’s largest metals consumer, prepares for a holiday and other economies slow due to high-interest rates.
FX Update – 18 January 2023
Last week, the UK GDP figures surprised on the upside showing 0.1% of economic growth for November. Despite this positive number, the Pound didn’t attract much support, continuing the theme of relatively low volatility that we’ve had so far this year.
FX Update – December 2022
Last week was quiet on the data front, reflected in the rates, as GBP traded within a tight range. GBP/USD touched 1.2344, the…