The Federal Reserve’s Neel Kashkari made an appearance yesterday and his words did much to surmise the US dollar’s quandary. With the economy slowing, two further rate cuts this year seemed the correct pace, Kashkari said, although if…
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The euro performed well against its rivals on Wednesday, strengthening on improved risk appetite and some signs of progress on the trade front. While European leaders agreed a deal with Trump last week, the euro was boosted by…
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Markets are betting on a three-way split in today’s Bank of England vote. For the pound, this lack of consensus points to an uncomfortable and tense economic moment. As policy opinions begin to diverge, expect things to get…
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The pound weakened by half a cent against the euro and strengthened by a similar margin over the US dollar on Wednesday. Despite the usual stream of news, nothing could distract the focus from the Bank of England’s…
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Looming over this week is the shadow of the Bank of England’s big decision: will it cut interest rates? The Monetary Policy Committee announces on Thursday whether it will cut interest rates from 4.25% to stimulate growth. Analysts…
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The dollar dragged behind the pound and euro on Tuesday, losing 0.2% against the former and 0.3% against the latter. Two surveys of the country’s services industry painted a confused picture, with one showing growth and the other…
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The euro was up 0.3% on the dollar, recovering from Monday’s losses. Fresh services data showed small gains across most of Europe, with only France registering a loss. Construction data coming later today is predicted to show similar.
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The pound made small gains on the dollar ahead of tomorrow’s MPC interest rate decision, climbing 0.2%. Though it was still marginally behind the euro. The Bank is largely expected to cut interest rates, though fresh economic surveys…
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