by Bethany Hemsley | Jun 11, 2021
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...
by Bethany Hemsley | Jun 11, 2021
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...
by Bethany Hemsley | Jun 11, 2021
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...
by Bethany Hemsley | Jun 11, 2021
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...
by Erin Harding | Jun 10, 2021
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...
by Erin Harding | Jun 10, 2021
The euro is slightly weaker against the dollar this morning ahead of the European Central Bank’s press conference and interest rate decision later. The meeting is expected to be focused on the Pandemic Emergency Purchase Programme (PEPP) and whether the growth and...
by Erin Harding | Jun 10, 2021
The pound is slightly weaker this morning but is still trading around the same levels against the euro and the dollar. However, the possibility that the June 21 reopening could be delayed, and rising COVID-19 cases could have an impact on sterling in the coming days...
by Erin Harding | Jun 10, 2021
The pound is slightly weaker against the euro and the dollar this morning but remains largely range-bound, as concerns surrounding the June 21 reopening continue to weigh. All eyes will be on the government this coming Monday when the final decision on this will be...
by Chris Nye | Jun 9, 2021
Sterling has now entered a fourth week barely moving against either the euro or US dollar. That may give cause for alarm for anyone with a major transaction approaching overseas, or budgeting for a life overseas, as the markets try to work out whether sterling is...
by Erin Harding | Jun 8, 2021
The dollar was slightly stronger against a basket of currencies yesterday ahead of tomorrow’s inflation rate data. Investors will focus on this data as it could influence the Federal Reserve’s stance to tapering monetary policy. So far, the Fed have stuck to their...
