Federal Reserve


Market report: dollar rebounds to near multi-month highs

USD The dollar recouped its losses to trade close to multi-month highs yesterday as investor demand increased in anticipation of June’s US Federal Reserve minutes. It was June’s meeting which saw interest rate hike expectations brought forward and there is now talk of two hikes in 2023. These originally weren’t expected until 2024. Since then, the dollar has been well supported […]


Market report: dollar waits on FOMC minutes

USD June’s Federal Open Market Committee (FOMC) meeting minutes are released later today. Investors will be waiting eagerly for any clues on whether the Federal Reserve might cut its bond buying programme. The bank’s members discussed tapering in their 15th and 16th June policy meeting and since then most policy makers have been broadly bullish on the US recovery. The main reasons […]


Market report: dollar drops but stays near multi-month highs

USD The dollar advanced against all major rivals yesterday ahead of Federal Reserve Chairman Jerome Powell’s address. It went on to lose a little ground overnight, but remains near multi-month highs. Much like last week’s announcement, in which the Fed signaled a rate increase could happen sooner than expected, Powell acknowledged that some inflation pressures […]


Market report: pound looking to recover losses

GBP Sterling recovered slightly against the euro and dollar yesterday despite last week’s market sentiment shift towards risk-off. With a pretty quiet economic calendar so far this week, it’s difficult to identify a main reason for the move. It could just be a general shift in risk sentiment or investors may be pricing in a […]


Market report: US could be forced into rate hike

USD Highly anticipated US inflation data was released yesterday. This was of great interest to investors who had grown increasingly nervous about growing inflationary pressures at home and abroad.  It wasn’t good news. Data showed the inflation rate jumped to a 13-year high. And it was a similar story for core inflation, which rose by 0.9%, the highest […]


Market report: pound hits two month high vs dollar

GBP The pound hit a two month high against the dollar yesterday, up 1.1%, as upbeat economic forecasts and an easing lockdown mixed with dollar weakness to bolster the pound. The dollar has struggled over the last few days following Friday’s disappointing job numbers. This is in contrast to the pound where further re-opening of the UK services sector is expected to […]


Market report: Independence referendum fears halt GBP

GBP Sterling struggled to make any significant headway against both the euro and dollar on Tuesday. The current lack of demand could be down to next week’s Scottish parliamentary elections. Investors are acting cautiously as the Scottish National Party (SNP) remain favourites to secure a majority. The SNP will likely push for another independence referendum, volatility that won’t […]


Market report: USD drops to four week lows

USD  The dollar dropped to four-week lows versus other major currencies yesterday. Treasury yields pulled back from last month’s surge and investors are increasingly convinced the US Federal Reserve will keep interest rates low for the foreseeable.  Many investors remain nervous the Fed could change its tone later this year. Especially if inflation readings swing much higher […]


Market report: AstraZeneca concerns dent GBP

GBP The pound fell sharply yesterday following concerns around the UK’s vaccine rollout. Primarily, the AstraZeneca jab’s continued association with a minute number of blood clot cases. The jab makes up 75% of vaccinations given in certain parts of the UK and is seen as integral to Britain hitting its inoculation targets. Yesterday, The UK Government’s joint committee on […]


Fed remain dovish as interest rates stay unchanged

On Wednesday, as expected, the Federal Reserve confirmed they would be leaving interest rates on hold at near zero for years to come whilst also forecasting a jump in economic growth as the pandemic unwinds. By the end of the year, the Fed forecasts that growth will be as much as 6.5%, which would be the largest rise since 1984. Unemployment is forecast to fall 4.5%, while inflation is set to exceed the central bank’s target of 2% to as high as 2.4%.


US Dollar gains after Fed predicts quicker recovery

GBP Sterling saw its biggest daily rise in two weeks but still remains under pressure due to ongoing Brexit risk. Furthermore, the Bank of England is widely expected to hold fire, policymakers are likely to conclude that downside risks to the economy are rising due to growing Brexit uncertainty and renewed restrictions on social activity. […]

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