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...
by Christopher Nye | Mar 15, 2024
It was declines almost across the board yesterday following calls for interest rate cuts from one of the European Central Bank’s interest rate setters. Final results for inflation in France and Italy today will strengthen or weaken Mr Yannis Stournaras’s claim, and on...
by Christopher Nye | Mar 15, 2024
Sterling weakened marginally yesterday due to rising inflation expectations in the USA hitting the stock markets. Next week is a “hang on to your hats” sort of week, with an interest rate decision from the Bank of England and several high-level readings – inflation,...
by Charles Purdy | Mar 15, 2024
In a quiet day for UK data, the pound held steady at close to its new normal, more than 3% stronger than last year, against the euro. However, it slipped a little against the US dollar (while remaining 5% up on last year overall). In the UK housing market, surveyors...
by Roseanne Bradley | Mar 14, 2024
The euro made marginal gains against the US dollar and pound yesterday following reports of softer labour conditions in the UK compared to market expectations. Yesterday’s UK GDP announcement of 0.2% growth in January improved market sentiment as figures raised...