Welcome to the Ebury® Blog
Expert market insight and updates to help you navigate the ever changing global currency markets.
Ebury acquires Prime Financial Markets and establishes presence in Africa
Ebury acquires South Africa-based firm specialising in advisory & intermediary services in treasury and financial markets space
Investor concerns surrounding a possible slowdown in global growth continued to dominate the narrative in the foreign exchange market on Tuesday, leading to further sell-offs in most risk currencies.
The key theme in financial markets on Monday was undoubtedly one of risk aversion, with concerns over global growth leading to sell-offs in risk assets at the expense of the traditional safe-havens.
The sell-off in US fixed income is now spreading to other markets, with European yields moving higher as the long-awaited (by us, at least) hawkish turn in ECB communications begins to take place.
Sterling sank to its lowest level since November 2020 this morning following dovish comments from Bank of England governor Andrew Bailey and the release of some soft UK macroeconomic data.
The key developments in financial markets continue to take place in the US Treasury market.
The euro finished the week at the bottom of the G10 rankings on concerns that the war in Ukraine will not stop any time soon, as well as jitters about the French presidential election.
The Euro, together with the Swedish Krona and the Swiss franc led the G10 rankings last week.
