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After a busy week for central banks, nothing has changed to alter my bearish outlook on the stock markets. I continue to expect to see new lows on the year on the major European and US indices. The...
GBP/USD is down sharply today and has fallen below the 1.11 level for the first time since 1985. In the European session, GBP/USD is trading at 1.1125, down 1.16%.The British pound can’t seem to...
A negative end to the week in Asia, and Europe has quickly followed as the prospect of much more tightening and a recession weighs on sentiment.The last 48 hours have seen central banks around the...
The GBP/USD pair fell to its lowest level since 1985 on Thursday following the Bank of England's decision to raise interest rates by 50 basis points, sending the key rate to 2.25%, to curb...
It appears Japan is saying ‘enough is enough’ with currency weakness, as the Ministry of Finance delivers the first currency intervention since 1998. Japan’s Top FX Diplomat Kanda...
As expected, the Bank of England hiked interest rates by 0.50%, bringing the cash rate to 2.25%. There was an outside chance that the BoE would press the rate pedal to the floor and deliver a 0.75%...
The British pound continues to lose ground. GBP/USD is trading at 1.3436. down 0.33%. Earlier in the day, the pound fell to 1.1304, its lowest level since 1985.Fed Expected To Hike By 0.75%The Federal...
When was the last time the British pound sterling traded at parity (1.00) with the US dollar?No need to dig out your history books; it’s a trick question. The pound has Never traded at parity...
The FOMC meeting may get the headlines this week. Still, with interest rate futures pricing 65bp of hikes this week’s BoE meeting - essentially a 40% chance of a 50bp hike and 60% of 75bp...
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