Driven by a 0.25% interest rate cut and the announcement of a trade deal with the US, the pound had a good day against the euro. However, against the US dollar, sterling struggled, half a cent by day’s…
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It was another turbulent day for the pound, seeing big peaks and troughs against the US dollar and euro. Following an interest rate cut and the announcement of a trade deal with the United States, it ended half…
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The Federal Reserve has propped up the dollar in recent weeks, with markets believing that Jerome Powell and co are more intent on stemming inflation than fretting about labour dynamics. This cautious approach has allowed the US dollar…
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Tuesday’s drama in the German Bundestag saw the euro fall against its peers. A quick resolution to that brewing crisis saw it recover just as quickly, as euro investors welcomed the coronation of a government committed to boosting…
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Ask the majority of the world’s leading banks and research desks and they will tell you the Bank of England will be busy cutting into the back end of this year. That raises the pressure on sterling, which…
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After the Federal Reserve decided to keep interest rates on hold last night, focus shifts to the Bank of England (BoE) this lunchtime. Markets believe a quarter-point cut to interest rates is as good as a done deal,…
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There was a flurry of excitement yesterday as GBP/EUR strengthened by 0.75% to its best for five weeks, and we were prepping for a Rate Alert. However, it weakened just as quickly and ended up slightly down on…
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It was a sea of red for US dollar pairs yesterday, as the markets fell ahead of the Fed’s interest rate decision today. The biggest falls were against the yen (down 1%) and Norwegian krone (down 1.2%). There…
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