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February in the Markets.

Bank of England Reports Published in February 2022

Monthly Decision Maker Panel data – February 2022 – Read the report

The Decision Maker Panel (DMP) is a survey of Chief Financial Officers from small, medium and large UK businesses.

UK International Reserves – February 2022 – Read the report

The Bank of England manages the UK’s official reserves on behalf of the Government.

PRA Regulatory Digest – February 2022 – Read the report

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

What is Swift and why is banning Russia so significant?

From: The BBC

The European Union, US, UK and allies have agreed to exclude a number of Russian banks from Swift, an international payment system used by thousands of financial institutions.

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EUR/USD and DAX Tank on Russian Invasion as US Dollar Surges. Where To for the Euro?

From: Daily FX

The Euro is under pressure again after a weekend of announcements saw a rush to haven currencies such as the US Dollar, Japanese Yen and the Swiss Franc.

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US Inflation Rises to 7.5%

From: Daily Forex

US inflation rises faster than expected again this month to reach its highest level in 40 years, sending the US dollar higher.

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Western companies head for the exit in Russia as sanctions tighten

From: Reuters

Energy giants BP and Shell, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western sanctions tightened the screws on Moscow over its invasion of Ukraine.

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Solid U.S. job gains forecast in February; unemployment rate seen dipping to 3.9%

U.S. employers likely maintained a strong pace of hiring in February, pushing the labor market closer to maximum employment, but rising headwinds from geopolitical tensions could hurt business confidence and slow job growth in the months ahead.

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FX Rates in February

GBP/EUR

Feb High: 1.2022
Feb Low: 1.1833
Feb End: 1.1976

 

 

GBP/USD

Feb High: 1.3628
Feb Low: 1.3376
Feb End: 1.3376

 

EUR/USD

Feb High: 1.1453
Feb Low: 1.1168
Feb End: 1.1168