News

News

Monday 23rd September 2019

Good morning

 

Last Wednesday the US Federal Reserve cut their interest rates 0.25% to 2% as expected.

The Bank of England left our rates unchanged the following day at 0.75%, also as expected.

 

GBP/EUR traded at a 4-month high last week of 1.1380, but opened around 1.1340 this morning with GBP/USD also up on a 3-month high of 1.2580, but softer this morning around 1.2450.

 

Have a great week.