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USD: Markets await Powell’s speech

The dollar is looking strong against the pound and the euro this morning, as markets await Jerome Powell’s speech at Jackson Hole later. He is expected to provide some forward guidance on US interest rate policy. So far, rhetoric has been very mixed amongst other Fed...


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EUR: ECB considers stimulus options

The European Central Bank’s monthly meeting notes show policymakers to be discussing further stimulus options, including a package of rate cuts, asset purchases, partial relief for banks from negative interest and changes to a ‘symmetrical’ rate guidance. Concerns...


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GBP: Pound weak after brief uplift

After a brief uplift, the pound is weak this morning against both the euro and the dollar. The pound surged yesterday due to Chancellor Merkel’s suggestion that the backstop can be renegotiated. Following on from her comments during a meeting with Boris Johnson on...


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