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Market Reports

7:29am, September 16th 2022

Greenback Gains

As the trading week draws to a close, the US dollar continues to add gains against its peers. The buck has once again established itself below parity versus the euro as the ongoing economic slowdown and energy crisis continue to plague the eurozone. Domestically, the pound has performed poorly this week, slipping back into the 1.14 handle against both the greenback and the single currency.

The economic outlook for the UK looks gloomy; as interest rates rise, more pressure is placed on the consumer all whilst inflation sits at a staggering level of almost 10%. The Bank of England will have a policy announcement next week and will deliver its decision to markets on Thursday. It’s widely expected that a 50 basis point hike will be confirmed. It will be an important week for the pound.


We are deeply saddened by the death of Her Majesty The Queen. Our thoughts are with the Royal Family as we mourn the loss of our longest-serving monarch.

On the day of the funeral on Monday 19 September our UK office will remain closed to allow our colleagues to pay their respects.

Written by Viv Savani. 7:29am, September 16th 2022

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

6:30am, September 28th 2022

Sterling Finding Its New Range?

View Report
6:43am, September 5th 2022

All Eyes on the ECB

View Report
6:48am, September 15th 2022

US Retail Sales the Next Catalyst?

View Report


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