Economic Update 28 Oct 2024 5 minute read
Markets brace for UK budget unveiling
Following the UK general election in July, the first Labour budget since 2010 has been highly anticipated. Despite the press attention, speculation around many of the budget's outcomes has already begun, so the FX market reaction may...
Economic Update 21 Oct 2024 7 minute read
UK inflation drops below BoE target as price rises slow
Last Wednesday’s UK inflation report showed that inflation has slipped below the Bank of England’s 2% target for the first time in three and a half years. Core inflation also fell below the forecast 3.4% to 3.2%, while service inflation decreased from...
Press Release 15 Oct 2024 2 minute read
moneycorp profit surges on global service integration
moneycorp group, the foreign exchange and payments provider, today reports record FX volumes up 19% to £35.5bn and a rise of 48% in its YOY profits to £27.3m.
Economic Update 15 Oct 2024 7 minute read
Will this week’s data releases bring volatility?
The coming days will see a series of market events that will could inject some volatility into what was a very quiet last week.
Economic Update 07 Oct 2024 6 minute read
GBP slips against USD amid geopolitical tensions
Largely driven by conflict in the Middle East, currency markets saw very high volatility in the first week in October. As traders took the common run to safety, the USD strengthened, while the GBP dropped by more than 2% against it.