News

News

Monday 19th February 2018

Good morning

 

While the dollar index fell to a 3 year low on Friday, Treasury bond yields rose to their highest levels in 10 years following speculation the US will raise their interest rates at the next meeting in March.

GBP/USD touched an 11 year high of 1.4150, opening around 1.40 today.

 

On the other hand, GBP/EUR has remained fairly range bound around 1.13.

 

US Bank Holiday today for President’s Day and Chinese New Year (Year of the Dog) dominating most of the week too.

 

Have a good one.

 

CENTRAL BANK AND LIBOR RATES

UK: 0.50%
US: 1.75%
EU: 0.00%

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