USD: Highest inflation since 2008

US consumer inflation has jumped by 5% year-on-year in May, far exceeding predictions of 0.4%. This is the highest reading since 2008 and has caused Treasury yields to increase, giving the dollar an initial boost. The increase in prices was most notably seen in...


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EUR: Dovish ECB meeting

The euro has recovered some of its losses against the dollar this morning after a ‘dovish’ European Central Bank meeting yesterday and strong US inflation data weighed on the single currency. The ECB unanimously voted to leave interest rates as they are, at 0.0%, and...


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GBP: UK-EU tensions hang over sterling

The pound is stronger against the euro this morning. Sterling is trading around the same levels as yesterday afternoon against the dollar. Leaders from around the world began to arrive in Cornwall yesterday ahead of the G7 summit. Prime Minister Boris Johnson has...


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All eyes on G7 summit

The pound is stronger against the euro this morning. Sterling is trading around the same levels as yesterday afternoon against the dollar. Markets will be keeping a close eye on the G7 summit which is due to get underway in Cornwall today. Any decisions made around...


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USD: US inflation figures today

The dollar has edged higher against a basket of currencies this morning ahead of the release of US inflation data. Core inflation rate is expected to rise by 0.4% in May. It’s hoped that these figures could reveal more about the Federal Reserve’s timeline for tapering...


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