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Expert market insight and updates to help you navigate the ever changing global currency markets

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17

Sep

Currency Updates

Fed sees no US rate hikes through at least 2023

T

he dollar rallied on Wednesday, despite the Federal Reserve indicating that it sees unchained US rates through at least 2023. Attention now turns to this afternoon’s Bank of England policy announcement. ( 10 min. )

Written by
Matthew Ryan
Federal Reserve

This evening’s FOMC meeting looks set to be the main event risk in the currency market this week. Read on to find out how the Fed’s policy announcement could impact the FX market.

Matthew Ryan 16 September 2020 10 min.

Pound tanks towards post-Brexit lows on ‘no deal’ concerns

The pound edged higher against its major peers this morning after MPs voted in favour of Boris Johnson’s controversial Brexit bill. All eyes now turn to major central bank policy announcements later in the week.

Matthew Ryan 15 September 2020 5 min.

Federal reserve

Since the FOMC’s last official meeting in late-July, the Federal Reserve has unveiled one of the most significant changes to its monetary policy strategy in the last few decades.

Matthew Ryan 15 September 2020 5 min

Sterling

Like a sequel to a bad horror movie, the latest episode in the Brexit saga is reviving fears of a complete breakdown of Brexit negotiations and the attendant economic and financial chaos. The main victim was the pound, down over 3% against every major currency worldwide.

Enrique Díaz-Álvarez 14 September 2020 3 min

Sterling rallies to new highs as markets eye big Tory win

The pound was sent sharply lower again on Thursday as investors continue to fret about the state of the Brexit discussions. Meanwhile, the euro gave up its gains, despite a less dovish than expected ECB.

Matthew Ryan 11 September 2020 3 min

Ebury and MarketFinance are pleased to announce a new partnership designed to help businesses get back on track through the Coronavirus Business Interruption Loans Scheme (CBILS).

Marta Alvarez 10 September 2020 2 min

BBB accreditation

Sterling continued to sell-off against its peers on Tuesday amid ongoing concerns surrounding Brexit. The euro also drifted lower versus the dollar as investors braced for a dovish set of communications from the ECB on Thursday.

Matthew Ryan 9 September 2020 2 min

Sterling was the worst performing major currency on Monday after more doom and gloom headlines heightened the possibility of a ‘no deal’ Brexit.

Matthew Ryan 8 September 2020 2 min

Equity markets and risk assets rally on easing virus fears

The US dollar bounced back last week, perhaps unsurprisingly given the stretched short dollar positioning. Attention now turns to Thursday’s ECB meeting, which will take on added importance following last week’s Euro Area inflation miss.

Enrique Díaz-Álvarez 7 September 2020 3 min