by Christopher Nye | 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...
read more
by Christopher Nye | 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...
read more
by Christopher Nye | 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...
read more
by Christopher Nye | 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...
read more
by Christopher Nye | 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...
read more
