Explore the world.

Assess underlying market conditions and fundamentals in the world's major economies.

World
Global
Americas
United States
Canada
Mexico
Europe
Euro Area
United Kingdom
Asia Pacific
China
Japan
Australia

Stay ahead.

Follow the biggest stories in markets and economics in real time.

Analysis
Blog
Views
Calendar

Subscribe

Get insight into the latest trends and developments in global currency markets with breaking news updates and research reports delivered right to your inbox.

After signing up, you will receive regular newsletters from Corpay, and may unsubscribe at any time. View Corpay’s Privacy Policy

GBP

28 Sep 2022

Market Briefing: Depressed Earnings Weigh on Global Market Sentiment, Boosting Dollar

US equity futures are falling and the dollar is climbing after weak earnings releases from the likes of Amazon and Apple provided more evidence of a slowdown in the world’s largest economy. The ten-year Treasury yield is flirting with the 4-percent threshold once again, commodities are weaker, and oil price gains are stalling out. Canada’s dollar is struggling to push through the 1.35 mark. The euro is trading back below parity against the dollar after the European Central Bank delivered a widely-expected 75 basis point hike but removed statement language that had previously suggested rates would ratchet higher at the...

Read More Read More
27 Sep 2022

Market Briefing: Dollar Weakens as Markets Pause for Breath

The dollar is retreating and North American equity bourses are setting up for a stronger open as the sense of fear that gripped markets over the weekend begins to ebb. The pound is climbing after gaining more than a full percentage point overnight as it recovers from a two-day selloff that triggered memories of 1992’s Black Wednesday. The plunge began when new chancellor Kwasi Kwarteng on Friday proposed pairing billions of pounds in energy subsidies with the biggest package of tax cuts in decades. Nerves are still frayed, but gilt yields are falling as panic fades and traders consider the...

Read More Read More
26 Sep 2022

Market Briefing: Cable Snaps, Destabilizing Currency Markets

The pound sank like a dinghy in the North Atlantic over the weekend, hitting record lows against the greenback and contributing to a worsening in sentiment across the global financial system. In several interviews, Chancellor of the Exchequer Kwasi Kwarteng seemed to shrug off Friday’s devastating market reaction to the new UK government’s proposed fiscal plans and doubled down on tax cuts, saying there was “more to come”. The sterling-dollar pair — often known as the “cable” — briefly dropped almost 4.7 percent before staging a modest recovery as traders positioned for a response from the central bank. Calls for...

Read More Read More
26 Sep 2022

Market Wire: Pound Resumes its Tumble After Coordinated Official Statements

The pound has resumed its descent, falling toward the record-low levels reached over the weekend after statements from the Bank of England and Treasury failed to steady market nerves. According to a statement released by Governor Bailey’s office a short time ago, the Bank noted it was “monitoring developments in financial markets very closely in light of the significant repricing of financial assets”, but said it was not prepared to deliver an emergency rate hike: “As the MPC (Monetary Policy Committee) has made clear, it will make a full assessment at its next scheduled meeting of the impact on demand...

Read More Read More
23 Sep 2022

Market Briefing: Great British Peso Plummets, Dollar Grinds Higher

The British pound is selling off violently – a bit like an emerging market currency – after the government said it would borrow heavily to fund tax cuts and energy price subsidies. In a dramatic pivot away from long-standing fiscal orthodoxy, Chancellor of the Exchequer Kwasi Kwarteng said the United Kingdom would cut income, property, and dividend taxes, abandon limits on banker bonuses, and pour tens of billions of pounds into protecting households from rising gas and electricity prices. Gilt yields jumped by more than a third of a percentage point as investors braced for renewed inflation pressures and worried...

Read More Read More

About

Contact

Data and information on this website is provided “as is” and for informational purposes only. Information on the website does not bind Corpay in any way; nor is it not intended as advice, a recommendation or an offer or solicitation for the purchase or sale of any financial products. Data and other information are not warranted as to completeness or accuracy and are subject to change without notice. All charts or graphs are from publicly available sources, or our proprietary data. Nothing in this material should be construed as investment, financial, tax, legal, accounting, regulatory or other advice or as creating a fiduciary relationship. Corpay disclaims any responsibility or liability to the fullest extent permitted by applicable law, for any loss or damage arising from any reliance on our use of the data in any way. You should contact your Corpay sales representative for clarification on the range of financial instruments available in your jurisdiction. Copyright Cambridge Mercantile Corp. 2022.