Pound under pressure, Fed enters holding pattern

Sterling lost a little more ground to both the euro and the US dollar ahead of today’s interest rate decision from the Bank of England (BoE). A “risk-off” tone continued to dominate trading as currency markets look to central banks and developments in the Middle...


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USD: Iran/Israel conflict drives dollar growth

The dollar gained more than 0.5% on the euro and nearly double that on the pound on Tuesday. This is due to the worsening conflict in the Middle East grows, more than signs of a strong economy coming from the US. Today the Fed will announce its interest rate decision,...


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EUR: Soaring economic outlook

The euro was more than 0.3% ahead of the pound on Tuesday but fell over 0.5% against the dollar. However, economic sentiment in Germany is swelling, suggesting the country is predicting large growth in 2025. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...


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GBP: Inflation down ahead of Bank cut decision

The pound fell nearly 0.9% against the dollar on Tuesday, almost 1p per dollar, as the markets responded to the growing conflict in the Middle East. This morning brought the news of lower inflation but those gains may be wiped out by increased oil prices. GBP/USD past...


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