Economic Update 27 Nov 2023 6 minute read
Spotlight on AUD & NZD
Chancellor Hunt’s Autumn Statement didn’t throw up too many surprises last week, as the government’s press office sign-posted many of the expected changes beforehand, and the small amount of GBP data releases this week could mean that attention in...
Economic Update 20 Nov 2023 7 minute read
A plethora of PMIs
It was a busy week for UK politics as Rishi Sunak began his cabinet reshuffle last Monday ahead of the UK’s next general election, which is expected to take place no later than January 2025. Former Foreign Secretary James Cleverly replaced Suella Braverman, and more surprisingly, it was a return to government for former Prime Minister David Cameron, replacing...
Economic Update 13 Nov 2023 7 minute read
Surprises from today's reshuffle
GBP/EUR has stayed within the 1.14-1.15 region in the last few weeks with little indication of substantial movement. GBP/USD has also stayed within 1.21-1.22 range, having come away the 1.24 peak we saw in early November. Rishi Sunak began his cabinet reshuffle this morning, with Suella Braverman the first to be replaced by...
Weekly brief 06 Nov 2023 5 minute read
GBP on the move
After an eventful week, GBP/USD declined slightly overall, with the pound slipping by around 0.3% by last Friday's close. Although the broader pound has fared slightly better, with GBP/EUR rising beyond 1.1500 before moderating and GBP/CAD rising by almost 1% throughout the week, the dollar's recent domination continues to be...
Article 01 Nov 2023 8 minute read
November Market Update
The Moneycorp dealers share their insights on the month and look ahead at trends that might impact market movements.