Day: November 4, 2023

Bailey Holds Steady GBP is starting the day in a more muted fashion, on the back of the November BOE meeting yesterday. The Pound was seen firmly higher through Thursday trading as traders digested a ‘hawkish hold’ from Bailey and co. The BOE held rates steady at 5.25% but signalled that rates would need to […]

In the last couple of sessions, bond yields have been on a roller-coaster ride, witnessing declines both at the short and long ends of the curve. The 10-year bond yield, which peaked at 5% last week, has now retreated to 4.62%, while the 2-year bond yield has fallen from 5.24% to 4.98%. These movements have […]

Daily Market Outlook, November 3, 2023 Munnelly’s Market Commentary…  Asia –  stocks experienced gains as they followed the upward movement in global markets. This rise came after the Bank of England (BoE) decided to maintain interest rates and a surprising decrease in US Labour Costs added to a dovish tone. Japan’s market was closed for […]

EUR Higher on Thursday The Euro is catching a bid today on the back of comments from ECB’s Schnabel yesterday. Following on from the ECB holding rates unchanged this month, Schnabel warned that it is too early to call an end to ECB tightening altogether and said the bank would remain vigilant over the path […]