by Roseanne Bradley | Mar 19, 2024
The pound held its ground against major currencies yesterday ahead of key economic data expected to come later this week. Tomorrow morning, UK inflation is forecast to fall to 3.5%, after two months of no movement. Should the rate reduce, it signals that the Bank of...
by Roseanne Bradley | Mar 19, 2024
The dollar index is hovering around its highest levels in two weeks ahead of the Fed’s interest rate decision on Thursday. While investors widely expect the central bank to hold rates steady this week, they will be focused on any hints about the scale and timing...
by Roseanne Bradley | Mar 19, 2024
The consumer price inflation rate in the euro area was confirmed at 2.6% year-on-year in February 2024, the lowest rate in three months but exceeding the European Central Bank’s 2.0% target.
by Roseanne Bradley | Mar 19, 2024
A letter to BoE governor, Andrew Bailey, from over 50 leading economists and campaign groups warned the Bank is falling behind other major central banks as its work on green measures falls short.
by Charles Purdy | Mar 18, 2024
Sterling has been becalmed since the start of the year, barely moving either way against the euro and only marginally more lively against the US dollar. The reason is the well-signposted refusal of the Bank of England – or indeed central bankers from other countries –...
by Jonathan Cook | Mar 18, 2024
Data from across the Atlantic caused some significant moves in currency markets last week. The pound lost 1% to the US dollar and half a per cent to the euro, while EUR/USD lost two thirds of a per cent over the course of the week. Both European currencies remain well...
by Jonathan Cook | Mar 18, 2024
The Bank of England are once again expected to hold interest rates at their current levels on Thursday, so we might have to interest ourselves in the voting records of MPC (Monetary Policy Committee) members. The last decision saw a difference in opinion, but it’s...
by Jonathan Cook | Mar 18, 2024
The ECB has been warning of resurgent price pressures. On Friday, France reported inflation had increased to 3% year-on-year in February. It was a small increase, but the eurozone will be hoping France is not the canary in the coalmine for rising inflation. GBP/EUR:...
by Jonathan Cook | Mar 18, 2024
The US dollar rebounded last week, posting strong gains over the pound and the euro. Whether it can maintain that strength is another question, although it may well benefit from changing interest rate expectations. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
by Christopher Nye | Mar 15, 2024
A reversal for Producer Price Inflation, rising by 0.6% last month, strengthened the dollar yesterday – while weakening the stock market – in the week before an interest rate decision from the US Federal Reserve. Today we’ll hear the Michigan Consumer Sentiment Index...